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  • 515 Ofarrell St

515 Ofarrell St, San Francisco, CA 94102

$7,000,000 Approx. USD 0 beds, 0 baths

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Photo of Melissa Ellis

Melissa Ellis Manager 310-963-9826 m
310-829-0629 o
Lic#: 01905986
NRDS ID: 175524822
MelissaEllis@bhhscal.com Text Me
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Lic#: 01905986
NRDS ID: 175524822
MelissaEllis@bhhscal.com Santa Monica Office
3130 Wilshire Blvd, Suite 100
Santa Monica, CA 90403
Phone: 310-829-0629
Fax: 310-829-7541
 Santa Monica 3130 Wilshire Blvd, Suite 100
Santa Monica, CA 90403
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Fax: 310-829-7541
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Listing Agent


Aida Molina-Polle | aida.polle@theagencyre.com
Lic#: 01423725
Broker: Courtesy of The Agency
Phone: 510-871-0177

Co Listing Agent


Hector Rosas | hector@hhrosas.com
Lic#: 01846925
Broker: Courtesy of NOVO
Phone: 650-274-3213

Agent Remarks

Significant Price Reduction! First time on the market in 49 years, this 46-unit mixed-use flagship trophy asset offers an outstanding investment opportunity in San Francisco's core corridor. Delivering an 8.37% actual in-place cap rate, the property is offered at approximately $152,174 per unit and $270 per square foot, well below estimated replacement cost. The 100% occupied asset consists of 45 studio apartments, one ground-floor commercial space, and seven garage spaces. The high-rise fire sprinkler upgrade is approximately 90% complete, with the balance to be completed prior to close of escrow. Additional value includes approximately $190,000 in annual rental upside, $46,947 in documented banked rent increases, Fannie Mae and Freddie Mac approved, no mandatory soft-story retrofit, located within a Federal New Markets Tax Credit (NMTC) Census Tract. Ideally situated near Union Square, Powell BART/MUNI, and major hotels. Offering Memorandum available upon request.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 41128295
List price is $7,000,000 Reduced by $3,500,000 on 8/3/2026
Price: $7,000,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1926
0.10 acres
Lot size: 0.1041
Subdivision: CIVIC CENTER
County: San Francisco
Zoning: RC4
Construction: Concrete
Heating/cooling: None
Heating description: Wall Furnace

Last Updated: 8/10/2026

 Days On Market (DOM): 141

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Lat/Long: 37.785507, -122.413306.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Melissa Ellis

Melissa Ellis Manager 310-963-9826 m
310-829-0629 o
Lic#: 01905986
NRDS ID: 175524822
MelissaEllis@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 01905986
NRDS ID: 175524822
MelissaEllis@bhhscal.com
Santa Monica Office
3130 Wilshire Blvd, Suite 100
Santa Monica, CA 90403
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