$4,100,000

Estimated payment $27,485/month

Total Views 2,224
12 Beds
-- Bath
6,630 Sq Ft
$618 Price per Sq Ft

Highlights

  • Wood Flooring
  • Baseboard Heating
  • 3-minute walk to Mission Playground

About This Home

696 Valencia Street is a well-maintained mixed-use property located in the heart of San Francisco's highly coveted Mission Dolores neighborhood. Built in 1923, the building features seven residential units (a mix of 1- and 2-bedroom floorplans) and one ground-floor commercial space, totaling approximately 6,630 square feet. Residential units boast period charm, hardwood floors, bay windows, generous natural light, and in-unit laundry. The commercial suite enjoys excellent street visibility on the bustling Valencia corridor. Situated on a 3,000-square-foot lot within NCT zoning, the property benefits from exceptional walkability to Dolores Park, BART, and some of the city's most popular restaurants, bars, and cafes. With current rents approximately 17% below market, the asset offers strong in-place income and meaningful upside potential. Proforma financials project a 6.71% cap rate and an 5.99% cash-on-cash return. 696 Valencia presents a rare opportunity to acquire a stabilized, income-generating asset with long-term growth potential in one of San Francisco's most dynamic and desirable neighborhoods.

Listing Agent

Dustin Dolby

Colliers International License #01963487 Listed on: 06/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $60,445

Year Built

  • Built in 1923

Lot Details

  • 3,000 Sq Ft Lot

Home Design

  • Mixed Use

Interior Spaces

  • 6,630 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Free-Standing Gas Oven
  • Free-Standing Electric Range
  • Dishwasher

Utilities

  • Baseboard Heating
  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number 3577-010

Community Details

Overview

  • 8 Units

Building Details

  • 7 Leased Units
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$60,445

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments, Mixed Use
  • Levels: Two
  • Year Built: 1923
  • Number Commercial Units: 1
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 27
  • Appliances: Dishwasher, Free Standing Electric Range, Free Standing Gas Oven, Free Standing Refrigerator
  • Flooring: Wood
  • Laundry Features: Varies By Unit
  • Price Per Square Foot: 618.40
  • Square Footage: 6630.00

Utilities

  • Heating: Baseboard, Radiant
  • Security Features: Smoke Detector

Lot Info

  • Assessor Parcel Number: 3577-010
  • Lot Features: Sidewalk
  • Lot Size Acres: 0.0689
  • Lot Size Sq Ft: 3000.00
  • Lot Size Units: SqFt
  • Price Per Acre: 59506531.20

Building Info

  • Number of Units Total: 8

Rental Info

  • Units Furnished: None

Multi Family

  • Number Of Units Vacant: 1
  • Gross Rent Multiplier: 10.24
  • Number Of1 Bedrooms Occupied: 1
  • Number of 1 Bedroom Units: 2
  • Number Of2 Bedrooms Occupied: 5
  • Number of 2 Bedroom Units: 5
  • Number Of Units Leased: 7

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $60,445 $5,149,447 $3,089,203 $2,059,468
2024 $60,445 $5,048,688 $3,028,631 $2,019,087
2023 $59,422 $4,948,745 $2,969,247 $1,979,498
2022 $58,297 $4,851,754 $2,911,027 $1,940,685
2021 $57,286 $4,756,642 $2,853,949 $1,902,693
2020 $57,839 $4,707,970 $2,824,686 $1,883,284
2019 $55,866 $4,615,660 $2,769,300 $1,846,360
2018 $27,295 $2,223,699 $1,361,352 $862,347
2017 $37,138 $2,180,101 $1,334,659 $845,442
2016 $41,536 $2,137,358 $1,308,490 $828,868
2015 $33,200 $2,105,257 $1,288,836 $816,421
2014 $25,921 $2,064,022 $1,263,590 $800,432
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2025 06/23/25 For Sale $4,100,000 -9.4% $618 / Sq Ft
11/30/2017 11/30/17 Sold $4,525,000 0.0% $683 / Sq Ft
11/27/2017 11/27/17 Pending -- -- --
09/01/2017 09/01/17 For Sale $4,525,000 -- $683 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $4,525,000 None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Fidelity National Title Co
Trustee Deed $781,118 None Available
Grant Deed -- Stewart Title Of California
Grant Deed $884,000 American Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $120,000,000 Unknown
Closed $120,000,000 Purchase Money Mortgage
Previous Owner $100,000 Commercial
Previous Owner $1,680,000 Commercial
Previous Owner $1,690,000 Commercial
Previous Owner $1,442,000 Commercial
Previous Owner $10,000 Commercial
Previous Owner $3,692,212 Commercial
Previous Owner $1,275,000 Commercial
Previous Owner $300,000 Commercial
Previous Owner $487,500 Commercial
Source: Public Records

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Source: San Francisco Association of REALTORS® MLS

MLS Number: 425051956

San Francisco Association of REALTORS® MLS

APN: 3577-010