Nob Hill Multifamily Investment
1338-1348 Larkin St San Francisco, CA 94109
1338-1348 Larkin St, San Francisco, CA, 94109
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For Sale
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Well-located Nob Hill multifamily property with income upside.
Property Size8,949 SF
Price / SF$491.68
Days on Market1458
Property Features for 1338-1348 Larkin St
General Information
- Standard status
- Active
- Size
- 8,949 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1909
Listing agency
Touchstone Commercial Partners
(415) 608-6336
Listed by
Jaron Eliopoulos · License #CA 01975155
Source
Crexi
Added: Jul 26, 2022 Updated: Jul 10 at 11:24AM Checked: Jul 22 at 11:40AM
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 Touchstone Commercial Partners
Investment Insights
Based on property information with market context.
The property at 1338-1348 Larkin Street features six units: three 3-bedroom, 2-bathroom units and three 2-bedroom, 2-bathroom units. The building has a total size of 8949 square feet. Five parking spaces are available in the ground floor garage. Located in the heart of Nob Hill, the property is near Trader Joe's and the bars and restaurants of the Polk Street corridor. The property is impeccably maintained and delivers stable in-place income with upside potential. Unit 1340 will be delivered vacant at close.
Key Highlights
- Prime Nob Hill location near Trader Joe's and Polk Street restaurants/bars.
- Six total units: three 3bd/2ba and three 2bd/2ba.
- Stable in‑place income with upside potential.
Local 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 | $518.7k | $57.96 |
| − Vacancy | −$32.7k | −$3.65 |
| EGI | $486.0k | $54.31 |
| − OpEx | −$218.7k | −$24.44 |
| NOI | $267.3k | $29.87 |
8,949 SF · lease $57.96/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.82M
$3.34M – $4.46M
NOI $267,304 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$40.80M
$35.70M – $47.60M
NOI $2,855,863 @ 7.0% cap · market cap 64.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-located Nob Hill multifamily property with income upside.
Where is this apartment building located?
The property is located at 1338-1348 Larkin St San Francisco, CA.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Prime Nob Hill location near Trader Joe's and Polk Street restaurants/bars.; Six total units: three 3bd/2ba and three 2bd/2ba.; Stable in‑place income with upside potential.
