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515 O'Farrell St
San Francisco, CA 94102
Beverly Apartments · Multifamily Property For Sale · 46 Units

Investment Highlights

  • FIRST TIME ON MARKET IN 48 YEARS
  • $49K IN BANKED SFRB INCREASES
  • $259K TOTAL INCOME UPSIDE | 32% to market
  • INSTITUTIONAL CONSTRUCTION | No Seismic Retrofit Required

Executive Summary

First time on the market in 48 years — a once-in-a-generation investment opportunity.
The Beverly, located at 515 O’Farrell Street, is a 46-unit mixed-use asset comprised of 45 studio apartments and one ground-floor commercial unit, ideally situated in the heart of San Francisco. The property is within walking distance to Union Square, national name-brand hotels, BART, cable cars, and offers immediate access to multiple MUNI bus lines.
The residential component features 45 well-laid-out studio units, offering efficient layouts and strong rental demand. The ground floor includes a large laundromat servicing both residential and commercial clientele. Additional highlights include a roof deck with panoramic views and 7 parking spaces.
Capital improvements include elastomeric roof coating, furnace improvements, and ongoing upgrades to the sprinkler system.
This concrete building is not subject to San Francisco’s soft story retrofit program. Fannie Mae and Freddie Mac approved. Located within a New Markets Tax Credit Program "NMTC" Census Tract. (Buyers to verify, consult with your preferred lender and tax advisor).
A rare opportunity to acquire a centrally located asset with stable income and long-term upside.
Please call listing agents for a lender referral or reach out to your lender of choice.

Property Facts

Price Per Unit $228,261
Sale Type Investment
Cap Rate 5.69%
Gross Rent Multiplier 12.97
No. Units 46
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class C
Lot Size 0.10 AC
Building Size 25,896 SF
Average Occupancy 100%
No. Stories 12
Year Built 1926
Parking Ratio 0.27/1,000 SF
Zoning RC4

Amenities

Unit Amenities

  • Heating
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Views
  • Walk-In Closets

Site Amenities

  • Laundry Facilities
  • Recycling

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 45 - 450

Property Taxes

Property Taxes

Parcel Number
0323-003
Land Assessment
$574,229
Improvements Assessment
$1,427,668
Total Assessment
$2,003,157
  • Listing ID: 39879788

  • Date on Market: 3/23/2026

  • Last Updated:

  • Address: 515 O'Farrell St, San Francisco, CA 94102

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