7-Unit Apartment
New
For Sale
$3,295,000
1706 Grove Street, San Francisco, CA 94117
The building combines varied apartment layouts with in-unit laundry, two garages, and a newly added ADU.
Property Size6,383 SF
Price / SF$516.21
Days on Market5
Property Features for 1706 Grove Street
General Information
Standard status
Active
Size
6,383 SF
Property subtype
Multi Family
Building Details
Building Size
6,383 SF
Year Built
1916
Listing Agency:
Maven Commercial, Inc.
Listed By:
Matthew C Sheridan · License #01878802
Source:
Gregglynn
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 1:28AM
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 Maven Commercial, Inc.
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Investment Insights
Based on property information with market context.
This 7-unit apartment property contains 6,398 square feet, with six two-bedroom apartments and one one-bedroom. Features include in-unit laundry, two garages, and a newly built ADU. Renovated apartments are complemented by updated building systems and completed seismic and fire alarm work; finishes include stainless steel, stone, and tile.
The property is on a corner in San Francisco’s Nopa neighborhood, near the Panhandle, Alamo Square, USF, and Divisadero’s dining and retail. Most apartments were leased in 2022 and 2023. Market rents are stated to be roughly 60% above current in-place rents.
The property is on a corner in San Francisco’s Nopa neighborhood, near the Panhandle, Alamo Square, USF, and Divisadero’s dining and retail. Most apartments were leased in 2022 and 2023. Market rents are stated to be roughly 60% above current in-place rents.
Key Highlights
- 7 apartments totaling 6,398 square feet
- Unit mix includes six two‑bedrooms and one one‑bedroom
- Newly built ADU and two garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$207,237
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,144,740
$4.1M
Cap Rate 7%
$2,960,529
$3.0M
Cap Rate 9%
$2,302,633
$2.3M
Market Conditions
NOI Build-Up for 6,383 SF
Gross rent
$402.1K $63.00/SF
− Vacancy
−$25.3K −$3.97/SF
EGI
$376.8K $59.03/SF
− OpEx
−$169.6K −$26.56/SF
NOI
$207.2K $32.47/SF
Area
San Francisco, CA
Vacancy
6.30%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,144,740
Cap Rate 7%
$2,960,529
Cap Rate 9%
$2,302,633
Alternative Uses
Best Use
Apartment 5plus
$2.96M
$2.59M – $3.45M
NOI $207,237 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$31.18M
$27.28M – $36.37M
NOI $2,182,483 @ 7.0% cap · market cap 66.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,443
Businesses Nearby
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Business Placement
Demographics for 94117, CA
38,451
Population
19,709
Households
2
Avg Household Size
36
Median Age
78%
College-Educated
96%
High-School Grad
1.3 sq mi
ZIP Area
29,578
Density / Sq Mi
$175,096
Median Household Income
$106,542
Median Earnings
$2,786
Median Rent
$1,641,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The building combines varied apartment layouts with in-unit laundry, two garages, and a newly added ADU.
Where is this apartment building located?
The property is located at 1706 Grove Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: 7 apartments totaling 6,398 square feet; Unit mix includes six two‑bedrooms and one one‑bedroom; Newly built ADU and two garages
