423 South Van Ness Avenue

Discover the vibrant neighborhood surrounding the property at 423 South Van Ness Avenue, San Francisco, CA, 94103. Located in the heart of the city, this sought-after area boasts a multitude of nearby attractions and amenities, perfect for prospective Multifamily/High-Rise investors. Enjoy easy access to renowned dining and shopping destinations, including the historic Mission District and bustling Market Street. As a hub for technology and innovation, the location offers close proximity to major employers and educational institutions, creating an attractive environment for potential tenants or residents. With its rich cultural scene and convenient transportation options, this dynamic neighborhood presents an exceptional investment opportunity in the heart of San Francisco.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.