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815 Ofarrell Street

San Francisco CA 94109

3
19650 sq. ft.
4251.46 sq. ft.
Other
Currently for sale - view listing

Overview

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!

Features

3 bedrooms
19650 sq. ft. floor area
4251.46 sq. ft. lot size
Other

Property history for 815 Ofarrell Street

1997
Sold
$1,915,000
05 Dec 1997 by Call S.F. Assn. Of Realtors, of Sfarmls

Happy sellers in San Francisco

<50%
Less than 50% of sellers in San Francisco reported that their sale price either exceeded or met their price expectations.

San Francisco stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in San Francisco over the last 12 months.

Local market activity for 3 bedroom other properties in San Francisco

In the last 12 months, 12 three-bedroom other properties similar to 815 Ofarrell Street, have been sold.

This represents a 34% increase in three-bedroom other properties sales when compared to the previous 12 months.

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