Six-Unit Apartment
2445 Harrison Street San Francisco, CA 94110
For Sale
$3,500,000
Six tenant-occupied full-floor 3BR/1BA apartments with separately metered PG&E and upper-level private decks.
Property Size6,465 SF
Price / SF$541.38
Days on Market67
Property Features for 2445 Harrison Street
General Information
- Standard status
- Active
- Size
- 6,465 SF
- Property subtype
- Multi Family / 5 to 15 Units
Building Details
- Year Built
- 1907
Listing Agency:
Northridge Homes Inc
(559) 259-7625
Listed By:
Aziz M Al-Zamzami · License #02081078
(559) 259-7625
Source:
Compass
Added: May 18
Changed: Jul 22
Last Checked: Jul 23 at 6:40AM
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 Northridge Homes Inc
Investment Insights
Based on property information with market context.
This six-unit apartment building features full-floor 3-bedroom, 1-bath units. Units are tenant occupied and all currently generate a little over $14,000 per month in rental income. Upper-level units include private decks with partial eastern views. The building has a large full basement that may offer ADU or expansion potential, subject to buyer verification.
The property is separately metered for PG&E, with individual hot water heaters for each unit and gas wall furnace heating systems throughout. It is located in San Francisco’s Inner Mission District, surrounded by restaurants, cafes, shopping, public transportation, and cultural attractions.
The owner-reported in-place income and estimated projected market rents of approximately $27,000 per month create a value-add opportunity as rents are described as remaining below current market levels.
The property is separately metered for PG&E, with individual hot water heaters for each unit and gas wall furnace heating systems throughout. It is located in San Francisco’s Inner Mission District, surrounded by restaurants, cafes, shopping, public transportation, and cultural attractions.
The owner-reported in-place income and estimated projected market rents of approximately $27,000 per month create a value-add opportunity as rents are described as remaining below current market levels.
Key Highlights
- Six tenant‑occupied full‑floor 3BR/1BA apartments totaling about 6,465 SF
- Currently generating a little over $14,000/month in rental income; projected market rents estimated at about $27,000/month
- Separately metered PG&E with individual hot water heaters for each unit
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $387.9k | $60.00 |
| − Vacancy | −$24.4k | −$3.78 |
| EGI | $363.5k | $56.22 |
| − OpEx | −$163.6k | −$25.30 |
| NOI | $199.9k | $30.92 |
6,465 SF · lease $60.00/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.86M
$2.50M – $3.33M
NOI $199,904 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$31.58M
$27.63M – $36.84M
NOI $2,210,521 @ 7.0% cap · market cap 63.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six tenant-occupied full-floor 3BR/1BA apartments with separately metered PG&E and upper-level private decks.
Where is this apartment building located?
The property is located at 2445 Harrison Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Six tenant‑occupied full‑floor 3BR/1BA apartments totaling about 6,465 SF; Currently generating a little over $14,000/month in rental income; projected market rents estimated at about $27,000/month; Separately metered PG&E with individual hot water heaters for each unit
