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31228846
31228662

515 O'Farrell St, San Francisco, CA 94102

HR
CA 01846925
Novo Real Estate
JS
CA 02200078
Novo Real Estate
The Agency
Listed by Novo Real Estate, The Agency
$10,500,000
87 days on market
Updated 74 days ago

515 O'Farrell St, San Francisco CA

Details
APN 0323 -003
Property Type Retail, Multifamily (+1)
Sub Type Storefront, Apartment Building
Units 46
Cap Rate 5.69%
NOI $597,120
Occupancy 99%
Tenancy Single
Lease Type Gross
Lease Term 11
Lease Expiration 09/29/2029
Remaining Term 3.3
Rent Bumps Yes
Lease Options 1
Pro-Forma Cap Rate 6.45%
Pro-Forma NOI $677,376
Broker Co-Op Yes
Class B
Year Built 1926
Year Renovated 2026
Buildings 1
Stories 12
Lot Size (SqFt) 4,534
Zoning RC4
Parking Spaces 7 spaces
Investment Type Stabilized
Tenant Credit No Credit Rating
Lease Commencement 09/30/2018
Ownership Trust
Sale Condition For sale by owner

45 Unit Studio 12 story Building plus Laundromat. First time on the market in 48 years. 5.69% CAP

Marketing description

First time on the market in 48 years — a once-in-a-generation investment opportunity.

The Beverly, located at 515 O’Farrell Street, is a 46-unit mixed-use asset comprised of 45 studio apartments and one ground-floor commercial unit, ideally situated in the heart of San Francisco. The property is within walking distance to Union Square, national name-brand hotels, BART, cable cars, and offers immediate access to multiple MUNI bus lines.

The residential component features 45 well-laid-out studio units, offering efficient layouts and strong rental demand. The ground floor includes a large laundromat servicing both residential and commercial clientele. Additional highlights include a roof deck with panoramic views and 7 parking spaces.

Capital improvements include elastomeric roof coating, furnace improvements, and ongoing upgrades to the sprinkler system.

This concrete building is not subject to San Francisco’s soft-story retrofit program. Fannie Mae and Freddie Mac approved. Located within a New Markets Tax Credit Program "NMTC" Census Tract. (Buyers to verify, consult with your preferred lender and tax advisor).

A rare opportunity to acquire a centrally located asset with stable income and long-term upside.

Please call listing agents for a lender referral or reach out to your lender of choice.

Investment highlights

45 Studios

Laundromat

12 Stories

5.69 CAP

Roof Deck

Central to Downtown San Francisco, Immediate access to public transportation

Capital Improvements

Listing Contacts

HR
CA 01846925
Novo Real Estate
JS
CA 02200078
Novo Real Estate
The Agency
Listed by Novo Real Estate, The Agency

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$597,120.00
$49,760.00/mo

Valuation Metrics

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DSCR
5.69%
Cap Rate
5.69%
ROI

Map

Zoning

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RC-4-80-T-130-T/PEG-SUD MixedMixed UseResidential Commercial High Density Priority Equity Geographies Special Use District
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View all 55 uses
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Last updated Jun 10, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Hector H Rosas
License
01846925
Brokerage
NOVO Realty
Title
Licensed Realtor
Brokerage Address
2800 Van Ness Avenue
Name
Jackson Salamunovich
License
02200078
Brokerage
Novo Real Estate
Brokerage Phone
415-969-3694
Title
Real Estate Broker
Brokerage Address
2800 Van Ness Avenue
Name
Aida Molina-Polle
License
01423725
Brokerage Phone
510-255-6400
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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