815 Ofarrell Street, San Francisco, CA 94109, San Francisco, 94109 - 3 bed, 0 bath
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San Francisco, CA 94109
Analysis of 815 Ofarrell Street, San Francisco, CA 94109 is currently available with a list price of $6,750,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Francisco Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
This 1914-built mixed-use building shows a mix of conditions. The lobby and common areas are well-maintained with period details and hardwood floors, and the electrical system has been upgraded to 600 amps. However, the retail spaces are currently in a gutted, raw state requiring full rehabilitation, and the exterior ground level is boarded up with graffiti. While the listing states many apartments have been remodeled, the visible utility areas like the laundry room and the unfinished retail portions indicate the property requires significant updates to reach a 'good' status.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
With an 8.1% Cap Rate and a 6.9 GRM, this property offers significantly higher immediate cash flow and investment value than typical San Francisco multi-family assets.
The property features upgraded 600-amp electrical service and is detached on three sides, providing rare and abundant natural light to all levels of the 44-unit building.
Situated in the Tenderloin neighborhood, the property is subject to local socio-economic challenges that may impact long-term tenant profile and property management requirements.
The residential component is heavily weighted toward studios (40 out of 42 units), which can lead to higher tenant turnover rates compared to buildings with more diverse unit types.
815 O'Farrell Street is a 44 unit mixed-use building. This prominent asset sits at the corner of O'Farrell and Larkin at the edge of San Francisco's Tenderloin neighborhood near Van Ness Avenue and Nob Hill. The property consists of 42 apartments (40 studios, a 1bd and a 2bd), and two large retail spaces with bonus basement space. Through the front doors you enter into a spacious lobby with hardwood floors, high ceilings, and period details. Many of the apartments have been remodeled in the recent past. The residential units are almost fully occupied. The building is fully detached on three sides, providing ample natural light to all levels. The main electrical has been upgraded and indicates 600 amps of service. Heat is supplied through individual wall heaters, helping to keep operating expenses low. This is a unique opportunity for an investor to reposition the corner retail and contribute to the ongoing revitalization in San Francisco. As the City and rental market continue to improve, the new owner will capitalize upon this purchase at a low basis with immediate cash flow. Priced to sell at 6.9 GRM and 8.1% Cap Rate!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 7.0 | 33% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 19,650 | 9,683 | 83% |
| Lot Size | 4,251 | 3,607.08 | 67% |
| Price | $6.75M | $3.44M | 83% |
| Price per sq ft | $344 | $361 | 33% |
| Built year | 1914 | 1917 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 243 | 17% |
Mar 23, 2026
$6,750,000
Initial Listing
Sep 11, 2018
$17,615,500
Public Record
Jan 23, 2004
$55,500
Public Record