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Listed by Cris Lamas Urban Capital SF
$ 3,725,000
Est. payment | /mo
9 Beds
10,568 SqFt
$ 3,725,000
Est. payment | /mo
9 Beds
10,568 SqFt
Open House
Tue Jun 23, 2:00pm - 4:00pm
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,568 sqft
Price per Sqft $352
MLS Listing ID 426140447
Bedrooms 9
HOA Y/N No
Year Built 1900
Lot Size 7,501 Sqft
Acres 0.1722
Property Sub-Type Mixed Use
New Construction No
Property Description
423 South Van Ness Avenue is a six-unit, mixed-use Victorian offered at a 6.02% cap rate. Three exceptionally large three-bedroom residential flats, averaging roughly 1,746 square feet each, sit above three generously sized ground-floor commercial suites averaging about 1,710 square feet, pairing durable, contractually locked commercial income with meaningful residential upside in one of the city's most central, dynamic locations. The property sits at the crossroads of San Francisco, where the Mission, SoMa, and Civic Center submarkets converge along the South Van Ness / Mission / Folsom corridor. Tenants are blocks from 16th Street Mission BART and steps from Highway 101, with Dolores Park, the Valencia retail and dining corridor, Whole Foods, Safeway, and a dense cluster of acclaimed coffee and restaurants all within walking distance. The building also anchors a premier innovation district, surrounded by the offices of leading AI research labs, including OpenAI and Anthropic, plus Salesforce and Google all sustaining the high-wage employment that drives demand across San Francisco.
Location
State CA
County San Francisco
Area Sf District 9
Interior
Fireplace No
Building
Lot Description Shape Regular
New Construction No
Others
Tax ID 3552023
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