10-Unit Multifamily Apartment
For Sale
$3,950,000
Pending
1216 Taylor St, San Francisco, CA 94108
Ten-unit building built in 1924 with studio and one-bedroom units, plus storage and tandem parking spaces.
Property Size7,470 SF
Days on Market123
Property Features for 1216 Taylor St
General Information
Standard status
Pending
Size
7,470 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Multifamily Units
10
Amenities
grand lobby with fireplace
skylights
separately metered gas and electrical service
steam heat
compliant fire alarm system
front and rear fire escapes
hardwood flooring
bay windows
Building Details
Year Built
1924
Tenancy
Multi
Listing Agency:
Colliers International
(415) 788-3100
Listed By:
Dustin Dolby · License #01963487
(415) 288-7869
Source:
Exprealty
Added: Jun 22
Changed: Oct 11
Last Checked: Oct 20 at 10:34PM
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
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Investment Insights
Based on property information with market context.
1216 Taylor Street is a well-maintained ten (10) unit multifamily property constructed in 1924. The unit mix includes four (4) studios, three (3) junior one-bedroom units, and three (3) one-bedroom units. The building also provides two (2) tandem parking spaces and seven (7) storage spaces. Classic San Francisco period detailing is evident throughout, with a grand lobby featuring a fireplace and skylights. Several units offer substantial natural light, hardwood flooring, and bay windows, and select remodeled spaces include updated kitchens, modern finishes, and large windows. Building systems and safety features include separately metered gas and electrical service, steam heat, a compliant fire alarm system, and front and rear fire escapes. Recent common area improvements include carpet replacement in 2020.
Located atop Nob Hill, the property is positioned for convenient access to Grace Cathedral, Huntington Park, the Fairmont Hotel, Polk Street, North Beach, Chinatown, and Downtown, with excellent public transportation access and proximity to neighborhood dining, cafes, and grocery options.
The overall configuration supports a straightforward rental mix across studio and one-bedroom styles, complemented by dedicated storage and tandem parking.
Located atop Nob Hill, the property is positioned for convenient access to Grace Cathedral, Huntington Park, the Fairmont Hotel, Polk Street, North Beach, Chinatown, and Downtown, with excellent public transportation access and proximity to neighborhood dining, cafes, and grocery options.
The overall configuration supports a straightforward rental mix across studio and one-bedroom styles, complemented by dedicated storage and tandem parking.
Key Highlights
- 10‑unit multifamily building built in 1924 with classic San Francisco architecture and ornate period detailing
- Unit mix: four (4) studios, three (3) junior 1‑bedroom, and three (3) 1‑bedroom units
- Separately metered gas and electrical service plus steam heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$242,529
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,850,580
$4.9M
Cap Rate 7%
$3,464,700
$3.5M
Cap Rate 9%
$2,694,767
$2.7M
Market Conditions
NOI Build-Up for 7,470 SF
Gross rent
$470.6K $63.00/SF
− Vacancy
−$29.6K −$3.97/SF
EGI
$441.0K $59.03/SF
− OpEx
−$198.4K −$26.56/SF
NOI
$242.5K $32.47/SF
Area
San Francisco, CA
Vacancy
6.30%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,850,580
Cap Rate 7%
$3,464,700
Cap Rate 9%
$2,694,767
Alternative Uses
Best Use
Apartment 5plus
$3.46M
$3.03M – $4.04M
NOI $242,529 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$36.49M
$31.93M – $42.57M
NOI $2,554,152 @ 7.0% cap · market cap 64.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
10
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
26,103
Businesses Nearby
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Business Placement
Demographics for 94108, CA
13,097
Population
7,730
Households
1.7
Avg Household Size
42
Median Age
45%
College-Educated
76%
High-School Grad
0.3 sq mi
ZIP Area
43,657
Density / Sq Mi
$63,864
Median Household Income
$53,617
Median Earnings
$1,562
Median Rent
$1,207,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Ten-unit building built in 1924 with studio and one-bedroom units, plus storage and tandem parking spaces.
Where is this apartment building located?
The property is located at 1216 Taylor St San Francisco, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 10‑unit multifamily building built in 1924 with classic San Francisco architecture and ornate period detailing; Unit mix: four (4) studios, three (3) junior 1‑bedroom, and three (3) 1‑bedroom units; Separately metered gas and electrical service plus steam heat
