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1817 15th St 23 Unit Apartment Building Offered at $3,500,000 at a 6.45% Cap Rate San Francisco, CA 94103
Investment Highlights
- Features 5 units operating as 23 private residential rooms thoughtfully arranged across a spacious, four-story floor plan
- Sits on a highly coveted 1,999 square foot lot right in the geographic heart of San Francisco.
- Positioned at the ultimate intersection of the Mission District, the Castro, and Noe Valley, driving maximum renter demand.
- A fully updated 1910 Edwardian asset spanning 5,098 gross square feet of finely crafted interior living space
- Equipped with 4 modern chef’s kitchens, expansive media lounges,a quiet third-floor library,and a landscaped backyard lounge
- 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
Executive Summary
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.
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,500,000 | Property Type | Multifamily |
| Price Per Unit | $152,174 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Size | 5,098 SF |
| Cap Rate | 6.45% | Average Occupancy | 4% |
| Gross Rent Multiplier | 8.46 | No. Stories | 4 |
| No. Units | 23 | Year Built | 1910 |
| Price | $3,500,000 |
| Price Per Unit | $152,174 |
| Sale Type | Investment |
| Cap Rate | 6.45% |
| Gross Rent Multiplier | 8.46 |
| No. Units | 23 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Size | 5,098 SF |
| Average Occupancy | 4% |
| No. Stories | 4 |
| Year Built | 1910 |
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Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 3556-048 | Total Assessment | $4,340,368 |
| Land Assessment | $3,038,096 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,302,040 | Tax Year | 2025 |
Property Taxes
Parcel Number
3556-048
Land Assessment
$3,038,096
Improvements Assessment
$1,302,040
Total Assessment
$4,340,368
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1817 15th St
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