8-Unit Apartment
New
For Sale
$3,400,000
2 Commonwealth Avenue, San Francisco, CA 94118
A varied apartment mix serves residents in Presidio Heights, near neighborhood retail, parks, and Muni service.
Property Size6,592 SF
Price / SF$515.78
Days on Market3
Property Features for 2 Commonwealth Avenue
General Information
Standard status
Active
Size
6,592 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Presidio Heights
Public Transit
Yes
Units
Unit Mix
2 x studio, 2 x 1BR/1BA, 2 x 2BR/1BA, 2 x 3BR/1BA
Multifamily Units
8
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1921
Listing Agency:
Helm Real Estate
Listed By:
Readdress
(415) 275-0229
Source:
Readdress
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 26 at 1:44PM
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 Helm Real Estate
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Investment Insights
Based on property information with market context.
At 2 Commonwealth Avenue, this 8-unit apartment building contains 6,592 square feet and dates to 1921. Its unit mix comprises two studios, two one-bedroom apartments, two two-bedroom apartments, and two three-bedroom apartments; each has one bathroom. The property is 100% occupied.
The building is in San Francisco’s Presidio Heights neighborhood, within walking distance of Laurel Village and dining along Sacramento Street. The Presidio and Golden Gate Park offer nearby recreation. Muni service includes the 1 California and 38 Geary lines, with connections to Downtown San Francisco.
The building is in San Francisco’s Presidio Heights neighborhood, within walking distance of Laurel Village and dining along Sacramento Street. The Presidio and Golden Gate Park offer nearby recreation. Muni service includes the 1 California and 38 Geary lines, with connections to Downtown San Francisco.
Key Highlights
- 8‑unit apartment building with 6,592 square feet
- 100% occupied
- Built in 1921
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$214,023
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,280,460
$4.3M
Cap Rate 7%
$3,057,471
$3.1M
Cap Rate 9%
$2,378,033
$2.4M
Market Conditions
NOI Build-Up for 6,592 SF
Gross rent
$415.3K $63.00/SF
− Vacancy
−$26.2K −$3.97/SF
EGI
$389.1K $59.03/SF
− OpEx
−$175.1K −$26.56/SF
NOI
$214.0K $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%
$4,280,460
Cap Rate 7%
$3,057,471
Cap Rate 9%
$2,378,033
Alternative Uses
Best Use
Apartment 5plus
$3.06M
$2.68M – $3.57M
NOI $214,023 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$32.20M
$28.17M – $37.57M
NOI $2,253,945 @ 7.0% cap · market cap 66.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,104
Businesses Nearby
Explore this area
Business Placement
Demographics for 94118, CA
42,356
Population
19,052
Households
2.2
Avg Household Size
37
Median Age
72%
College-Educated
94%
High-School Grad
2.0 sq mi
ZIP Area
21,178
Density / Sq Mi
$159,550
Median Household Income
$92,946
Median Earnings
$2,695
Median Rent
$1,817,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied apartment mix serves residents in Presidio Heights, near neighborhood retail, parks, and Muni service.
Where is this apartment building located?
The property is located at 2 Commonwealth Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 8‑unit apartment building with 6,592 square feet; 100% occupied; Built in 1921
