1813-1817 15th Street
Multifamily | 6.45% CAP | 5 Units
Marketing description
1813-1817 15th Street represents a premier, turnkey investment opportunity located in San Francisco's highly coveted Mission Dolores neighborhood. Originally constructed in 1910, this classic Edwardian building has been masterfully transformed into 5-units, operating as premium 23-room, four-story luxury co-living property encompassing 5,098 gross square feet of living space on a 1,999 square foot lot. Designed for sophisticated urbanites, the property combines historic architectural charm with high-end modern amenities, featuring four state-of-the-art chef's kitchens, media lounges, a quiet third-floor library, and a landscaped backyard lounge with a custom BBQ station. This high-density real estate model maximizes gross revenue per square foot, providing an investor with immediate cash flow, minimized vacancy risk, and exceptional net operating income (NOI) in one of the city's most resilient rental submarkets.
The location offers tenants a luxurious, hyper-walkable lifestyle at the crossroads of Mission Dolores, the Castro, and the Mission District. Boasting a near-perfect 99 Walk Score, residents enjoy immediate proximity to iconic culinary landmarks like Tartine Bakery, world-class dining, and boutique retail corridors, alongside essentials like Whole Foods and Safeway. Commuters benefit from unparalleled transit connectivity, with the 16th Street Mission BART station and the Church Street Muni Metro lines just blocks away, ensuring a seamless 10-minute trip into Downtown San Francisco or SOMA. Positioned just a short stroll from the vibrant lawns of Dolores Park, this asset perfectly pairs community-driven luxury for young professionals with long-term, high-yield wealth building for the visionary investor.
Investment highlights
- Features 5 units operating as 23 private residential rooms thoughtfully arranged across a spacious, four-story floor plan.
- A fully updated 1910 Edwardian asset spanning 5,098 gross square feet of finely crafted interior living space
- Sits on a highly coveted 1,999 square foot lot right in the geographic heart of San Francisco.
- Equipped with 4 modern chef's kitchens, expansive media lounges, a quiet third-floor library, and a landscaped backyard lounge
- Positioned at the ultimate intersection of the Mission District, the Castro, and Noe Valley, driving maximum renter demand.
- Located just steps from the 16th Street Mission BART Station and the Church Street Muni Metro lines for direct, effortless access to Downtown SF and SOMA.
- Within walking distance of legendary local institutions, including Tartine Bakery, Delfina, Elixir, and the sunny lawns of Dolores Park.
- Perfectly configured to capture San Francisco's largest rental base, including young tech professionals, traveling medical workers, and corporate housing networks.
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