Four-Unit Mixed-Use
For Sale
Contact for pricing
1427-1431 Grant Avenue, San Francisco, CA 94133
Fully renovated four-unit mixed-use building with ground-floor retail and residential units plus in-unit laundry.
Property Size3,445 SF
Price / SF$1,103
Days on Market60
Property Features for 1427-1431 Grant Avenue
General Information
Standard status
Active
Size
3,445 SF
Total Parking Spaces
3
Property subtype
Mixed Use
Investment Type
Owner/User
Net Operating Income
$202,462
Additional Details
Multifamily Units
3
Building Details
Year Built
1907
Buildings
1
Units
4
Listing Agency:
COMPASS
(415) 345-3000
Listed By:
Ismael Benhamida · License #CA 01722847
Source:
Crexi
Added: Jun 15
Changed: Aug 11
Last Checked: Aug 12 at 6:40AM
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 COMPASS
Investment Insights
Based on property information with market context.
1427–1431 Grant Avenue is a fully renovated four-unit mixed-use property originally built in 1907. The renovation was completed down to the studs and includes a new 400-amp electrical system, all-new copper plumbing, a new roof, dual-pane windows, and upgraded mechanical systems. Interior finishes are described as condo-quality throughout, with details such as high ceilings, wide-plank oak flooring, custom cabinetry, quartz countertops, and tankless water heaters. Residential units are configured with in-unit laundry, central heating, and access to a rooftop deck. Unit mix includes two full-floor two-bedroom/two-bathroom residences, one junior one-bedroom unit, and a ground-floor retail space.
The ground-floor retail space provides frontage on Grant Avenue and additional access from Bannam Alley. Residential units and the rooftop deck offer panoramic views referenced in the property materials, including Coit Tower, the Transamerica Pyramid, Telegraph Hill, and Saints Peter and Paul Church.
Delivered completely vacant, the property is positioned for a range of ownership goals, including investor use or owner-occupancy with retail and multiple residential units under one roof. With the building’s comprehensive modernization and a defined mixed-use layout of residential income and street-level retail, it can support tenants seeking separate configurations while keeping operations within a single, renovated asset.
The ground-floor retail space provides frontage on Grant Avenue and additional access from Bannam Alley. Residential units and the rooftop deck offer panoramic views referenced in the property materials, including Coit Tower, the Transamerica Pyramid, Telegraph Hill, and Saints Peter and Paul Church.
Delivered completely vacant, the property is positioned for a range of ownership goals, including investor use or owner-occupancy with retail and multiple residential units under one roof. With the building’s comprehensive modernization and a defined mixed-use layout of residential income and street-level retail, it can support tenants seeking separate configurations while keeping operations within a single, renovated asset.
Key Highlights
- Fully renovated four‑unit mixed‑use building (1907) with ground‑floor retail and residential units plus in‑unit laundry
- Down‑to‑the‑studs renovation with $1.2M+ in capital improvements, including a new 400‑amp electrical system and all‑new copper plumbing
- Residential unit mix: two full‑floor 2BD/2BA residences, one junior 1BD unit, and ground‑floor retail with Grant Ave frontage and access from Bannam Alley
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
$122,434
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
3.22%
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%
$2,448,680
$2.4M
Cap Rate 7%
$1,749,057
$1.7M
Cap Rate 9%
$1,360,378
$1.4M
Market Conditions
NOI Build-Up for 3,445 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
$186.0K $54.00/SF
− Vacancy
−$11.1K −$3.23/SF
EGI
$174.9K $50.77/SF
− OpEx
−$52.5K −$15.23/SF
NOI
$122.4K $35.54/SF
Area
San Francisco, CA
Vacancy
5.98%
Lease Rate
$54.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,448,680
Cap Rate 7%
$1,749,057
Cap Rate 9%
$1,360,378
Alternative Uses
Best Use
Retail
$15.71M
$13.74M – $18.32M
NOI $1,099,391 @ 7.0% cap · market cap 28.93%
Second Best
Multifamily LT 5
$1.75M
$1.53M – $2.04M
NOI $122,434 @ 7.0% cap · market cap 3.22%
Theoretical Best
Specialty Retail
$16.83M
$14.72M – $19.63M
NOI $1,177,919 @ 7.0% cap · market cap 31.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
14,264
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?
Mixed-use property - Fully renovated four-unit mixed-use building with ground-floor retail and residential units plus in-unit laundry.
Where is this mixed-use property located?
The property is located at 1427-1431 Grant Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Fully renovated four‑unit mixed‑use building (1907) with ground‑floor retail and residential units plus in‑unit laundry; Down‑to‑the‑studs renovation with $1.2M+ in capital improvements, including a new 400‑amp electrical system and all‑new copper plumbing; Residential unit mix: two full‑floor 2BD/2BA residences, one junior 1BD unit, and ground‑floor retail with Grant Ave frontage and access from Bannam Alley
