Five-Unit Apartment
For Sale
Under Contract
$2,397,000
1217-1219 Kearny Street, San Francisco, CA 94133
Residential Income, San Francisco, CA
Property Size3,240 SF
Lot Size0.03 Acres
Price / SF$739.81
Days on Market208
Property Features for 1217-1219 Kearny Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Laundry Room, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3
Parking
1
Parking features
Leased
Appliances
Washer/Dryer Leased
Lot features
Shape Regular, Shape Regular
View
Bridge, City
Elementary school district
San Francisco
Middle school district
San Francisco
High school district
San Francisco
Directions
Travel on Grant Avenue, R-on Green and R-on Kearny (Suggestion : Best to park on meters on Grant Ave-usually-more spaces available, and walk to the property)
Subdivision
SF District 8
Standard status
Active Under Contract
APN
0132004
Size
3,240 SF
Lot size
0.03 Acres
Utilities
Heating system
Electric (Heating)
Amenities
roof deck
Building Details
Year built
1910
Floors in Building
3
Number of units
5
Building materials
Frame, Wood, Wood Siding
Listing Agency:
Century 21 Masters · Century 21 Real Estate
(415) 213-1600
Listed By:
Sunny S Lau · License #01348288
(415) 517-2828
Added: Feb 3
Changed: Aug 27
Last Checked: Aug 30 at 11:06AM
MLS# 426100985
Copyright © 2026 San Francisco Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,240-square-foot apartment property contains five units and five bathrooms within a three-story, wood-frame building constructed in 1910. The unit mix includes two studios, a junior one-bedroom on the ground floor, a vacant two-bedroom apartment, and a full one-bedroom penthouse. The building has been newly painted and includes electric heating, a laundry room, and leased washer/dryer equipment. Parking is also leased.
A rooftop deck provides panoramic city views, including outlooks toward the San Francisco Financial District, Golden Gate Bridge, Bay Bridge, TransAmerica Pyramid, and Telegraph Hill. The property is located on Kearny Street in San Francisco’s 94133 postal area, near North Beach, with walking access to the Financial District, Fisherman’s Wharf, Pier 39, and Ghirardelli Square.
A rooftop deck provides panoramic city views, including outlooks toward the San Francisco Financial District, Golden Gate Bridge, Bay Bridge, TransAmerica Pyramid, and Telegraph Hill. The property is located on Kearny Street in San Francisco’s 94133 postal area, near North Beach, with walking access to the Financial District, Fisherman’s Wharf, Pier 39, and Ghirardelli Square.
Key Highlights
- Five units and five bathrooms in a three‑story building
- 3,240 square feet on a 0.0275‑acre lot
- Unit mix includes 2 studios, a junior one‑bedroom, a vacant 2‑bedroom, and a penthouse one‑bedroom
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
$105,193
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
4.39%
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%
$2,103,860
$2.1M
Cap Rate 7%
$1,502,757
$1.5M
Cap Rate 9%
$1,168,811
$1.2M
Market Conditions
NOI Build-Up for 3,240 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
$204.1K $63.00/SF
− Vacancy
−$12.9K −$3.97/SF
EGI
$191.3K $59.03/SF
− OpEx
−$86.1K −$26.56/SF
NOI
$105.2K $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 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%
$2,103,860
Cap Rate 7%
$1,502,757
Cap Rate 9%
$1,168,811
Alternative Uses
Best Use
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $105,193 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$15.83M
$13.85M – $18.46M
NOI $1,107,825 @ 7.0% cap · market cap 46.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
21,316
Businesses Nearby
Explore this area
Business Placement
Demographics for 94133, CA
26,751
Population
15,733
Households
1.7
Avg Household Size
41
Median Age
55%
College-Educated
80%
High-School Grad
0.7 sq mi
ZIP Area
38,216
Density / Sq Mi
$83,025
Median Household Income
$78,478
Median Earnings
$1,985
Median Rent
$1,519,100
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 - Newly painted, three-story property with a rooftop deck and varied apartment layouts.
Where is this apartment building located?
The property is located at 1217-1219 Kearny Street San Francisco, CA.
What is the asking price?
The asking price for this property is $2,397,000.
What are key features of this property?
This property features: Five units and five bathrooms in a three‑story building; 3,240 square feet on a 0.0275‑acre lot; Unit mix includes 2 studios, a junior one‑bedroom, a vacant 2‑bedroom, and a penthouse one‑bedroom
