18-Unit Apartment
For Sale
$10,250,000
Pending
2490 Greenwich Street, San Francisco, CA 94123
Corner-lot property with separately metered utilities, on-site parking, and classic San Francisco architectural details.
Property Size15,954 SF
Days on Market134
Property Features for 2490 Greenwich Street
General Information
Standard status
Pending
Size
15,954 SF
Property subtype
Multi Family
Building Details
Building Size
15,954 SF
Year Built
1928
Listing Agency:
Colliers International
Listed By:
Dustin Dolby · License #01963487
(415) 788-3100
Source:
Elevationrealestate
Added: Jun 8
Changed: Oct 9
Last Checked: Oct 16 at 3:02PM
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 Colliers International
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Investment Insights
Based on property information with market context.
This 18-unit apartment property occupies a prominent corner lot in San Francisco’s Cow Hollow neighborhood. The unit mix includes nine studios and nine one-bedroom apartments, with natural light, period architectural details, and functional layouts. Twelve on-site parking spaces support the residential offering. Originally built in 1928, the building has a concrete foundation and complies with the City’s 2021 Fire Alarm Ordinance. Utilities are separately metered.
The property is positioned near Union Street, Chestnut Street, the Marina Green, Crissy Field, and the Presidio. These nearby destinations provide access to dining, shopping, recreation, and outdoor amenities, while the neighborhood is described as highly walkable and close to major employment centers. The location and balanced unit mix provide a clear multifamily profile within an established San Francisco residential district.
The property is positioned near Union Street, Chestnut Street, the Marina Green, Crissy Field, and the Presidio. These nearby destinations provide access to dining, shopping, recreation, and outdoor amenities, while the neighborhood is described as highly walkable and close to major employment centers. The location and balanced unit mix provide a clear multifamily profile within an established San Francisco residential district.
Key Highlights
- 18‑unit apartment building with nine studios and nine one‑bedroom apartments
- 12 on‑site parking spaces
- Prominent corner‑lot setting in Cow Hollow
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$517,979
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,359,580
$10.4M
Cap Rate 7%
$7,399,700
$7.4M
Cap Rate 9%
$5,755,322
$5.8M
Market Conditions
NOI Build-Up for 15,954 SF
Gross rent
$1.01M $63.00/SF
− Vacancy
−$63.3K −$3.97/SF
EGI
$941.8K $59.03/SF
− OpEx
−$423.8K −$26.56/SF
NOI
$518.0K $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%
$10,359,580
Cap Rate 7%
$7,399,700
Cap Rate 9%
$5,755,322
Alternative Uses
Best Use
Apartment 5plus
$7.40M
$6.47M – $8.63M
NOI $517,979 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$77.93M
$68.19M – $90.92M
NOI $5,455,012 @ 7.0% cap · market cap 53.22%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,965
Businesses Nearby
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Business Placement
Demographics for 94123, CA
26,131
Population
14,883
Households
1.8
Avg Household Size
35
Median Age
86%
College-Educated
98%
High-School Grad
1.1 sq mi
ZIP Area
23,755
Density / Sq Mi
$222,689
Median Household Income
$142,336
Median Earnings
$3,248
Median Rent
$2,000,001
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 - Corner-lot property with separately metered utilities, on-site parking, and classic San Francisco architectural details.
Where is this apartment building located?
The property is located at 2490 Greenwich Street San Francisco, CA.
What is the asking price?
The asking price for this property is $10,250,000.
What are key features of this property?
This property features: 18‑unit apartment building with nine studios and nine one‑bedroom apartments; 12 on‑site parking spaces; Prominent corner‑lot setting in Cow Hollow
