Six-Unit Apartment
For Sale
$1,800,000
1324 Pine St, San Francisco, CA 94109
Seismic work and electrical upgrades enhance this established apartment property near Polk Street amenities.
Property Size4,500 SF
Days on Market50
Property Features for 1324 Pine St
General Information
Standard status
Active
Size
4,500 SF
Total Parking Spaces
1
Property subtype
Investment
Site & Location
Neighborhood
Tenderloin Heights
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Building Details
Building Size
4,500 SF
Year Built
1914
Units
6
Listing Agency:
Compass
Listed By:
Marshall P Ward · License #01919391
(415) 532-3161
Source:
Elliman
Added: Sep 18
Changed: Oct 25
Last Checked: Nov 4 at 1:11PM
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 Compass
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Investment Insights
Based on property information with market context.
Built in 1914, this San Francisco apartment property contains six one-bedroom, one-bathroom units and a tandem garage space with extended length. The improvements include a seismic retrofit, new electrical panels serving each apartment, and a new main electrical panel. Three units have been updated, while the other three remain in their existing condition.
The property is at 1324 Pine St, adjacent to Trader Joe’s and within walking distance of the shops, restaurants, and amenities along Polk Street. Walk Score is 99, Transit Score is 93, and Bike Score is 82, providing strong access to nearby services and transportation options.
The property is at 1324 Pine St, adjacent to Trader Joe’s and within walking distance of the shops, restaurants, and amenities along Polk Street. Walk Score is 99, Transit Score is 93, and Bike Score is 82, providing strong access to nearby services and transportation options.
Key Highlights
- Six one‑bedroom, one‑bathroom apartments
- Seismic retrofit completed
- New electrical panels in all units plus a new main panel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,414
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,688,280
$2.7M
Cap Rate 7%
$1,920,200
$1.9M
Cap Rate 9%
$1,493,489
$1.5M
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$260.8K $57.96/SF
− Vacancy
−$16.4K −$3.65/SF
EGI
$244.4K $54.31/SF
− OpEx
−$110.0K −$24.44/SF
NOI
$134.4K $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 Rate 5%
$2,688,280
Cap Rate 7%
$1,920,200
Cap Rate 9%
$1,493,489
Alternative Uses
Best Use
Apartment 5plus
$1.92M
$1.68M – $2.24M
NOI $134,414 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$20.52M
$17.95M – $23.93M
NOI $1,436,069 @ 7.0% cap · market cap 79.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
14,443
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Seismic work and electrical upgrades enhance this established apartment property near Polk Street amenities.
Where is this apartment building located?
The property is located at 1324 Pine St San Francisco, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Six one‑bedroom, one‑bathroom apartments; Seismic retrofit completed; New electrical panels in all units plus a new main panel
