Six-Unit Apartment
For Sale
$3,600,000
110 6th Avenue, San Francisco, CA 94109
Classic San Francisco apartments with spacious layouts, dedicated parking, and access to Clement Street shops and restaurants.
Property Size7,920 SF
Price / SF$454.55
Days on Market13
Property Features for 110 6th Avenue
General Information
Standard status
Active
Size
7,920 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Units
Unit Mix
3 x 1BR/1BA, 3 x 2BR/1BA
Multifamily Units
6
Parking per Unit
1
Amenities
shared rear outdoor area
common-area laundry hookups
Building Details
Year Built
1916
Buildings
1
Listing Agency:
Colliers International
(415) 275-0229
Listed By:
Readdress
(415) 275-0229
Source:
Readdress
Added: Aug 19
Changed: Aug 31
Last Checked: Aug 31 at 2:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers International
Investment Insights
Based on property information with market context.
Built in 1916, this 7,920-square-foot apartment building contains six units: three one-bedroom, one-bathroom apartments and three two-bedroom, one-bathroom apartments. The residences feature hardwood floors, bay windows, crown molding, walk-in closets, and formal dining rooms. Kitchens include granite countertops, dishwashers, and full-size appliances; select apartments also offer updated finishes and in-unit laundry. Common amenities include rear outdoor space and laundry hookups, while six parking spaces provide dedicated on-site parking. One unit is vacant, and the remaining apartments are occupied.
The property is located at 110 6th Avenue in San Francisco's Lake Street neighborhood, north of the Clement Street commercial corridor. Restaurants, cafes, retail, and daily services are located nearby, with access to the Presidio and transportation routes serving San Francisco and the Bay Area.
The property is located at 110 6th Avenue in San Francisco's Lake Street neighborhood, north of the Clement Street commercial corridor. Restaurants, cafes, retail, and daily services are located nearby, with access to the Presidio and transportation routes serving San Francisco and the Bay Area.
Key Highlights
- 7,920‑square‑foot apartment building constructed in 1916
- Six units: three 1‑bedroom/1‑bath and three 2‑bedroom/1‑bath apartments
- Six parking spaces, providing a one‑to‑one parking ratio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$236,568
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,731,360
$4.7M
Cap Rate 7%
$3,379,543
$3.4M
Cap Rate 9%
$2,628,533
$2.6M
Market Conditions
NOI Build-Up for 7,920 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$459.0K $57.96/SF
− Vacancy
−$28.9K −$3.65/SF
EGI
$430.1K $54.31/SF
− OpEx
−$193.6K −$24.44/SF
NOI
$236.6K $29.87/SF
Area
ZIP 94109
Vacancy
6.30%
Lease Rate
$57.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,731,360
Cap Rate 7%
$3,379,543
Cap Rate 9%
$2,628,533
Alternative Uses
Best Use
Apartment 5plus
$3.38M
$2.96M – $3.94M
NOI $236,568 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$36.11M
$31.59M – $42.12M
NOI $2,527,482 @ 7.0% cap · market cap 70.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,609
Businesses Nearby
Explore this area
Business Placement
Demographics for 94109, CA
58,501
Population
39,043
Households
1.5
Avg Household Size
38
Median Age
65%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
53,183
Density / Sq Mi
$112,201
Median Household Income
$89,841
Median Earnings
$2,172
Median Rent
$1,390,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Classic San Francisco apartments with spacious layouts, dedicated parking, and access to Clement Street shops and restaurants.
Where is this apartment building located?
The property is located at 110 6th Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 7,920‑square‑foot apartment building constructed in 1916; Six units: three 1‑bedroom/1‑bath and three 2‑bedroom/1‑bath apartments; Six parking spaces, providing a one‑to‑one parking ratio
