3695 Mission St, San Francisco, CA 94110

Property Description

Located along the vibrant Mission corridor at the crossroads of the Mission District and Bernal Heights, 3691-3695 Mission Street presents a compelling mixed-use investment opportunity in one of San Francisco's most dynamic and high-demand neighborhoods. This substantial 4,738 square foot building currently offers a 6.6% CAP rate and features two expansive residential flats above a ground-floor commercial space, providing both size and income diversification. The upper residential unit offers a generous five-bedroom, one-and-a-half-bathroom layout, while the middle unit features an exceptionally large six-bedroom, four-and-a-half-bathroom configuration. These oversized floor plans support strong rental performance and are well-suited to shared living arrangements, a highly desirable housing format in San Francisco. At street level, the commercial space is currently occupied as a dance studio, benefiting from strong visibility along Mission Street and steady neighborhood activity, supporting long-term income stability. The property is fully occupied with established tenants, delivering immediate in-place income and an attractive return profile. With a strong rent roll and favorable gross income multiplier, this is a rare opportunity to acquire a high-yield asset in a market where cash-flowing properties are increasingly difficult to find. Additional upside exists through future rent optimization and operational improvements. Positioned in a prime location, the property offers immediate access to renowned restaurants, cafes, neighborhood retail, and everyday amenities. The Mission Street corridor is known for its vibrant culture and consistent tenant demand, while excellent commuter access to public transit and major freeways ensures connectivity throughout San Francisco and the greater Bay Area. With its rare scale, diversified income stream, strong cash flow, and prime location, 3691-3695 Mission Street represents a unique opportunity for investors seeking stability, performance, and long-term upside.