7-Unit Apartment
New
For Sale
$6,588,000
1712- 1722 Steiner Street, San Francisco, CA 94115
Apartments feature hardwood floors, sunrooms and walk-in closets, with washers and dryers in most units.
Property Size12,750 SF
Price / SF$516.71
Days on Market5
Property Features for 1712- 1722 Steiner Street
General Information
Standard status
Active
Size
12,750 SF
Property subtype
Commercial
Site & Location
Neighborhood
Japantown
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA, 4 x 4BR/2BA, 1 x 4BR/3BA
Multifamily Units
7
Amenities
hardwood flooring
sunrooms
walk-in closets
central forced heating
updated dual-pane windows
washers and dryers in most units
Central air
Carpet Flooring
Ceiling Fan Cooling
Gas Central Forced Air Heat Heating
Hardwood Flooring
Laminate Flooring
Tile Flooring
Vinyl / Linoleum Flooring
Building Details
Year Built
1905
Buildings
1
Listing Agency:
MARCUS & MILLICHAP
Listed By:
MICHAEL HENSHAW · License #01134592
(650) 269-6453
Source:
Corcoran
Added: Oct 28
Changed: Oct 31
Last Checked: Nov 1 at 6:30AM
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 MARCUS & MILLICHAP
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Investment Insights
Based on property information with market context.
This seven-unit apartment building contains one one-bedroom, one-bath residence; one two-bedroom, one-bath residence; four four-bedroom, two-bath residences; and one four-bedroom, three-bath residence. Average unit size is approximately 1,821 square feet. Interior features include hardwood floors, sunrooms, walk-in closets and central forced heating. Updated dual-pane windows are installed, and most apartments have washers and dryers.
The property is on Steiner Street in San Francisco’s Pacific Heights neighborhood, between Post and Sutter streets. Fillmore Street, Alta Plaza Park and Lafayette Park are nearby. Japantown, the University of San Francisco and the Presidio are also within a short walk or commute, and public transportation is available along nearby corridors.
The property is on Steiner Street in San Francisco’s Pacific Heights neighborhood, between Post and Sutter streets. Fillmore Street, Alta Plaza Park and Lafayette Park are nearby. Japantown, the University of San Francisco and the Presidio are also within a short walk or commute, and public transportation is available along nearby corridors.
Key Highlights
- Seven apartments with an average unit size of approximately 1,821 square feet
- Unit mix: one 1‑bedroom/1‑bath, one 2‑bedroom/1‑bath, four 4‑bedroom/2‑bath and one 4‑bedroom/3‑bath
- Hardwood flooring, sunrooms and walk‑in closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$413,955
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,279,100
$8.3M
Cap Rate 7%
$5,913,643
$5.9M
Cap Rate 9%
$4,599,500
$4.6M
Market Conditions
NOI Build-Up for 12,750 SF
Gross rent
$803.3K $63.00/SF
− Vacancy
−$50.6K −$3.97/SF
EGI
$752.6K $59.03/SF
− OpEx
−$338.7K −$26.56/SF
NOI
$414.0K $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%
$8,279,100
Cap Rate 7%
$5,913,643
Cap Rate 9%
$4,599,500
Alternative Uses
Best Use
Apartment 5plus
$5.91M
$5.17M – $6.90M
NOI $413,955 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$62.28M
$54.49M – $72.66M
NOI $4,359,496 @ 7.0% cap · market cap 66.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
8,738
Businesses Nearby
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Business Placement
Demographics for 94115, CA
35,853
Population
19,312
Households
1.9
Avg Household Size
38
Median Age
74%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
32,594
Density / Sq Mi
$154,264
Median Household Income
$103,538
Median Earnings
$2,380
Median Rent
$1,684,100
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 - Apartments feature hardwood floors, sunrooms and walk-in closets, with washers and dryers in most units.
Where is this apartment building located?
The property is located at 1712- 1722 Steiner Street San Francisco, CA.
What is the asking price?
The asking price for this property is $6,588,000.
What are key features of this property?
This property features: Seven apartments with an average unit size of approximately 1,821 square feet; Unit mix: one 1‑bedroom/1‑bath, one 2‑bedroom/1‑bath, four 4‑bedroom/2‑bath and one 4‑bedroom/3‑bath; Hardwood flooring, sunrooms and walk‑in closets
