515 O'Farrell St, San Francisco CA
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
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