335 Van Ness AveSan Francisco, CA 94103

Property Details for 335 Van Ness Ave

Year built

1927

Construction

TILT-UP CONCRETE

Lot size

0.09 AC

Property size (Sq ft)

4,223 SF

Zone code

CM

Property type

Industrial properties

APN

3549 -038

APU

3549038

Description

This exceptional mixed-use building, located at 335 S Van Ness Ave, San Francisco, CA 94103, presents a compelling investment opportunity. The 5,800 square foot property, built in 1927 and extensively renovated in 2016, boasts a desirable Mission District location, close to downtown and the Valencia retail corridor. Currently operating at 30% occupancy, the property features three units: two fully built-out office spaces and one residential unit. The ground floor office space includes private offices, a full kitchen, storage, and two bathrooms. The residential unit offers two bedrooms, a bathroom, and access to a small backyard. The second-floor office is currently occupied by a long-term tenant, providing stable income. Additional features include a garage and a versatile rooftop patio. The property sits on a 3,746 square foot lot and is zoned UMU. The asking price is $3,250,000, representing a 5.00% cap rate and a pro-forma NOI of $162,500. Development plans exist to potentially double the existing square footage, offering significant upside potential. This property is ideal for investors seeking a value-add opportunity with strong cash flow and future expansion possibilities. The property's flexible zoning and existing unit configurations allow for diverse uses, including potential conversion to entirely residential use or expansion of the existing commercial space. The convenient location and access to public transportation further enhance its appeal.

• Alternative Use

  Use

  Valuation

  Residential

  $1,295,912

  Hospitality

  $1,187,048

  Educational

  $987,610

  Medical

  $1,021,576

  Retail

  $1,536,283

Location Insight

City

San Francisco

County

San Francisco

State

California

Latitude

37.7678

Longitude

-122.417

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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