8-Unit Apartment
New
For Sale
$3,200,000
1712-1722 Mcallister Street, San Francisco, CA 94115
The four-story property contains six two-bedroom apartments and two studios.
Property Size6,659 SF
Price / SF$480.55
Days on Market3
Property Features for 1712-1722 Mcallister Street
General Information
Standard status
Active
Size
6,659 SF
Property subtype
Multi-Family
Building Details
Year Built
1906
Listing Agency:
Compass
Listed By:
Readdress
(415) 275-0229
Source:
Readdress
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 1 at 10:59AM
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.
At 6,659 square feet, this 1906 apartment property rises four stories and contains six two-bedroom units and two studios. The studios were added as ADUs in 2023, and four of the two-bedroom apartments have been updated within the past decade. Improvements also include a newer roof, upgraded fire and electrical systems, a seismic retrofit, and substantial work on the ground floor. Apartment features noted include hardwood floors, eat-in kitchens, split bathrooms, and large bedrooms.
The building is on McAllister Street between Broderick and Baker Streets in San Francisco’s North of the Panhandle neighborhood. Divisadero and Haight Streets offer nearby restaurants, cafes, and retail. Alamo Square, The Panhandle, and Golden Gate Park are also nearby, with public transportation and connections to downtown San Francisco serving the area.
The building is on McAllister Street between Broderick and Baker Streets in San Francisco’s North of the Panhandle neighborhood. Divisadero and Haight Streets offer nearby restaurants, cafes, and retail. Alamo Square, The Panhandle, and Golden Gate Park are also nearby, with public transportation and connections to downtown San Francisco serving the area.
Key Highlights
- Eight apartments across four stories: six two‑bedroom units and two studios
- 6,659 square feet; built in 1906
- Two studio ADUs completed in 2023
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
$216,198
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
6.76%
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%
$4,323,960
$4.3M
Cap Rate 7%
$3,088,543
$3.1M
Cap Rate 9%
$2,402,200
$2.4M
Market Conditions
NOI Build-Up for 6,659 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
$419.5K $63.00/SF
− Vacancy
−$26.4K −$3.97/SF
EGI
$393.1K $59.03/SF
− OpEx
−$176.9K −$26.56/SF
NOI
$216.2K $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 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%
$4,323,960
Cap Rate 7%
$3,088,543
Cap Rate 9%
$2,402,200
Alternative Uses
Best Use
Apartment 5plus
$3.09M
$2.70M – $3.60M
NOI $216,198 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$32.53M
$28.46M – $37.95M
NOI $2,276,854 @ 7.0% cap · market cap 71.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,991
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - The four-story property contains six two-bedroom apartments and two studios.
Where is this apartment building located?
The property is located at 1712-1722 Mcallister Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Eight apartments across four stories: six two‑bedroom units and two studios; 6,659 square feet; built in 1906; Two studio ADUs completed in 2023
