10-Unit Multifamily Apartment
1216 Taylor Street San Francisco, CA 94108
For Sale
Contact for pricing
Ten-unit building built in 1924 with studio and one-bedroom units, plus storage and tandem parking spaces.
Property Size7,470 SF
Price / SF$528.78
Days on Market32
Property Features for 1216 Taylor Street
General Information
- Standard status
- Active
- Size
- 7,470 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1924
Listing Agency:
Colliers - San Francisco, California
Listed By:
Dustin Dolby · License #CA 01963487
Source:
Crexi
Added: Jun 22
Changed: Jul 23
Last Checked: Jul 23 at 1:44AM
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 - San Francisco, California
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $470.6k | $63.00 |
| − Vacancy | −$29.6k | −$3.97 |
| EGI | $441.0k | $59.03 |
| − OpEx | −$198.4k | −$26.56 |
| NOI | $242.5k | $32.47 |
7,470 SF · lease $63.00/SF/yr · vacancy 6.30% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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 Street 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
