423-433 S Van Ness Ave - Apartments FOR SALE


San Francisco, CA 94103- Mission
$3,725,000 USD
415-670-9888
423-433 S Van Ness Ave, San Francisco, CA for Sale
$3,725,000 USD
Apartments - FOR SALE
1/57
null | 6.02% Cap Rate

423-433 S Van Ness Ave
San Francisco, CA 94103
Mission


HIGHLIGHTS

  • 6.02% in-place cap rate — real, stabilized yield from day one.
  • $352 per square foot — below replacement cost in central SF.
  • 55% residential upside across three oversized 3BR flats — even the lone recent (post-COVID) move-in still sits well below market.
  • Locked commercial income anchored through March 2036.
  • 10.2% pro-forma cap rate on that same low basis.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,725,000 USD

PRICE/SF

$352 USD /SF

# OF UNITS

6

PRICE/UNIT

$620,833

CAP RATE

6.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1885

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

M-1, San Francisco

APN/PARCEL ID

3552-023

ASK ABOUT THIS PROPERTY

Cris LamasUrban Capital of San FranciscoMore Info
415-670-9888

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Cris LamasUrban Capital of San FranciscoMore Info
415-670-9888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.