4-Unit Multifamily
New
For Sale
$3,250,000
1460 Chestnut Street, San Francisco, CA 94123
Four one-bedroom residences include dedicated office areas, with one unit available for owner occupancy or investment use.
Property Size3,768 SF
Days on Market7
Property Features for 1460 Chestnut Street
General Information
Standard status
Active
Size
3,768 SF
Total Parking Spaces
3
Property subtype
Quadruplex
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Building Details
Building Size
3,768 SF
Year Built
1924
Buildings
1
Listing Agency:
Coldwell Banker Realty
(650) 576-5708
Listed By:
Daniel Buckley Chavez · License #01962446
(650) 576-5708
Source:
Realestatenovo
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 29 at 4:02PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1924 multifamily property contains four one-bedroom units, each with a separate office area, within 3,768 square feet of building area. One residence will be delivered vacant, while the remaining units provide an established four-unit configuration. The property also includes a vacant three-car garage and an unused storage facility.
Additional interior area may support future laundry improvements or other space enhancements, subject to applicable approvals. The property is located in San Francisco’s Marina District, surrounded by restaurants, cafés, shops, recreation, and waterfront access. Its Chestnut Street address places the building within an established urban neighborhood with convenient access to surrounding San Francisco amenities.
Additional interior area may support future laundry improvements or other space enhancements, subject to applicable approvals. The property is located in San Francisco’s Marina District, surrounded by restaurants, cafés, shops, recreation, and waterfront access. Its Chestnut Street address places the building within an established urban neighborhood with convenient access to surrounding San Francisco amenities.
Key Highlights
- Four one‑bedroom units, each with a functional office area
- 3,768 square feet of building area
- One of the four units will be delivered vacant
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
$133,913
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
4.12%
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%
$2,678,260
$2.7M
Cap Rate 7%
$1,913,043
$1.9M
Cap Rate 9%
$1,487,922
$1.5M
Market Conditions
NOI Build-Up for 3,768 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
$203.5K $54.00/SF
− Vacancy
−$12.2K −$3.23/SF
EGI
$191.3K $50.77/SF
− OpEx
−$57.4K −$15.23/SF
NOI
$133.9K $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%
$2,678,260
Cap Rate 7%
$1,913,043
Cap Rate 9%
$1,487,922
Alternative Uses
Best Use
Multifamily LT 5
$1.91M
$1.67M – $2.23M
NOI $133,913 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$1.75M
$1.53M – $2.04M
NOI $122,336 @ 7.0% cap · market cap 3.76%
Theoretical Best
Specialty Retail
$18.41M
$16.10M – $21.47M
NOI $1,288,359 @ 7.0% cap · market cap 39.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,928
Businesses Nearby
Explore this area
Business Placement
Demographics for 94123, CA
26,131
Population
14,883
Households
1.8
Avg Household Size
35
Median Age
86%
College-Educated
98%
High-School Grad
1.1 sq mi
ZIP Area
23,755
Density / Sq Mi
$222,689
Median Household Income
$142,336
Median Earnings
$3,248
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom residences include dedicated office areas, with one unit available for owner occupancy or investment use.
Where is this quadplex located?
The property is located at 1460 Chestnut Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Four one‑bedroom units, each with a functional office area; 3,768 square feet of building area; One of the four units will be delivered vacant
