Four-Unit Mixed-Use
For Sale
$1,598,000
Pending
1467-1469 Pine Street, San Francisco, CA 94109
A 1910 building combines commercial space with residential units that currently generate rental income.
Property Size5,600 SF
Days on Market201
Property Features for 1467-1469 Pine Street
General Information
Standard status
Pending
Size
5,600 SF
Property subtype
Mixed Use
Building Details
Building Size
5,600 SF
Year Built
1910
Listing Agency:
eXp Realty of California, Inc
(415) 730-3775
Listed By:
Jason Tam
Source:
Paytonslist
Added: Feb 11
Changed: Aug 31
Last Checked: Aug 30 at 9:29PM
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 eXp Realty of California, Inc
Investment Insights
Based on property information with market context.
Located at 1467-1469 Pine Street in San Francisco’s Nob Hill neighborhood, this 5,600-square-foot mixed-use property was built in 1910 and contains four units. The configuration includes a commercial unit with generous ceiling height and abundant natural light, along with residential units that are currently generating rental income. The commercial space is presented as an open canvas for a future operator, while the residential portion offers an established income component within the same building.
The property is positioned in Nob Hill, an area identified in the source information for its restaurants, boutiques, and local dining destinations, including Swan Depot and House of Prime Rib. Its combination of commercial and residential space creates a single asset with multiple occupancy components and an urban San Francisco setting.
The property is positioned in Nob Hill, an area identified in the source information for its restaurants, boutiques, and local dining destinations, including Swan Depot and House of Prime Rib. Its combination of commercial and residential space creates a single asset with multiple occupancy components and an urban San Francisco setting.
Key Highlights
- Four‑unit mixed‑use property at 1467‑1469 Pine Street
- 5,600 SF building constructed in 1910
- Commercial unit features generous ceiling height and abundant natural light
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
$107,100
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
6.70%
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%
$2,142,000
$2.1M
Cap Rate 7%
$1,530,000
$1.5M
Cap Rate 9%
$1,190,000
$1.2M
Market Conditions
NOI Build-Up for 5,600 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
$201.6K $36.00/SF
− Vacancy
−$30.2K −$5.40/SF
EGI
$171.4K $30.60/SF
− OpEx
−$64.3K −$11.48/SF
NOI
$107.1K $19.13/SF
Area
ZIP 94109
Vacancy
15.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,142,000
Cap Rate 7%
$1,530,000
Cap Rate 9%
$1,190,000
Alternative Uses
Best Use
Apartment 5plus
$2.39M
$2.09M – $2.79M
NOI $167,270 @ 7.0% cap · market cap 10.47%
Second Best
Mixed Use
$1.53M
$1.34M – $1.79M
NOI $107,100 @ 7.0% cap · market cap 6.70%
Theoretical Best
Retail
$25.53M
$22.34M – $29.79M
NOI $1,787,108 @ 7.0% cap · market cap 111.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12,112
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A 1910 building combines commercial space with residential units that currently generate rental income.
Where is this mixed-use property located?
The property is located at 1467-1469 Pine Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,598,000.
What are key features of this property?
This property features: Four‑unit mixed‑use property at 1467‑1469 Pine Street; 5,600 SF building constructed in 1910; Commercial unit features generous ceiling height and abundant natural light
