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Listed by Dustin Dolby Colliers International
$ 3,500,000
Est. payment | /mo
4 Beds
12,000 SqFt
$ 3,500,000
Est. payment | /mo
4 Beds
12,000 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $291
MLS Listing ID 426114463
Bedrooms 4
HOA Y/N No
Year Built 1938
Lot Size 3,097 Sqft
Acres 0.0711
Property Sub-Type Multi Family
New Construction No
Property Description
675 O'Farrell Street presents a rare opportunity to acquire a 25-unit multifamily asset in the Tenderloin neighborhood. Constructed in 1938, the property consists of approximately 12,000 square feet on a 3,097 square foot lot and features a unit mix of twenty-one (21) studios and four (4) one-bedroom units. The building offers a classic San Francisco aesthetic with well-maintained interiors, including hardwood flooring, bay windows in select units, and functional layouts with strong natural light. Kitchens are equipped with gas stoves, granite countertops, and wood shaker cabinetry, while bathrooms feature tile surrounds and standard tub/shower configurations. On-site amenities include an elevator, secured entry system, shared laundry facilities, and additional basement storage. Ideally located near Union Square, Polk Street, and major transportation corridors including Van Ness Avenue, the property offers tenants immediate access to dining, retail, employment hubs, and public transit throughout San Francisco. The central location and strong transit connectivity position the asset for continued tenant demand and long-term appreciation. 675 O'Farrell Street provides investors with stable in-place income and significant rental upside, with current rents below market and approximately 38% projected income growth as units turn over.
Location
State CA
County San Francisco
Area Sf District 8
Interior
Heating Electric
Flooring Wood
Fireplace No
Appliance Free-Standing Gas Range, Free-Standing Refrigerator
Laundry Laundry Closet
Building
Lot Description Sidewalk
New Construction No
Others
Tax ID 0322010
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