225 Ellis St, San Francisco, CA 94102

Building Details

Year Built 1910 More

Listing Agency: Marcus & Millichap - San Francisco

Listed By: Angelo Baglieri · License CA #01996324 Show Phone

Source: Crexi

Added: Jan 21 Changed: Sep 3 Last Checked: Aug 14 at 6:05AM

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Investment Insights

Based on property information with market context.

This property is a 16-room SRO with ground floor retail space, situated in Downtown San Francisco, California. The property is positioned to benefit from the city's recovery in tourism and business travel. Its central location provides access to public transit and attractions, including Union Square, the Golden Gate Bridge and Fisherman's Wharf, as well as dining, shopping and cultural experiences. The property is located steps away from the city's primary business districts and is positioned to attract a diverse clientele in the heart of San Francisco near Union Square. The property has a size of 6567 square feet.

Key Highlights

• Prime Downtown San Francisco location near business districts and Union Square
• Investment opportunity poised to benefit from San Francisco's tourism and business travel recovery
• 16‑room SRO with ground floor retail space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$213,211

Cap Rate

5.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,264,220 $4.3M

Cap Rate 7%

$3,045,871 $3.0M

Cap Rate 9%

$2,369,011 $2.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,567 SF

Gross rent

$413.7K $63.00/SF

− Vacancy

−$26.1K −$3.97/SF

EGI

$387.7K $59.03/SF

− OpEx

−$174.4K −$26.56/SF

NOI

$213.2K $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%

$4,264,220

Cap Rate 7%

$3,045,871

Cap Rate 9%

$2,369,011

Alternative Uses

Best Use

Apartment 5plus

$3.05M

$2.67M – $3.55M (±1% cap)

NOI $213,211 @ 7.0% cap · market cap 5.36%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$3.33M

$2.92M – $3.89M (±1% cap)

NOI $233,388 @ 7.0% cap · market cap 5.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

25,253

Businesses Nearby

Explore this area Business Placement

Demographics for 94102, CA

39,432

Population

23,153

Households

1.7

Avg Household Size

40

Median Age

42%

College-Educated

81%

High-School Grad

0.7 sq mi

ZIP Area

56,331

Density / Sq Mi

$64,781

Median Household Income

$55,873

Median Earnings

$1,517

Median Rent

$996,300

Median Home Value

Market

Average Price Trend$/SF for Multifamily properties in San Francisco, CA

$651 Jul

$631 Aug

$634 Sep

$645 Oct

Properties on Market for Multifamily properties in San Francisco

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - 16-room SRO with retail in Downtown San Francisco.

Where is this multifamily property located?

The property is located at 225 Ellis St San Francisco, CA.

What is the asking price?

The asking price for this property is $3,980,000.

What are key features of this property?

This property features: Prime Downtown San Francisco location near business districts and Union Square; Investment opportunity poised to benefit from San Francisco's tourism and business travel recovery; 16‑room SRO with ground floor retail space