Renovated 4-Unit Multifamily
2900-2906 Pine Street, San Francisco, CA 94115
For Sale
$1,795,000
Two one-bedroom apartments and two two-bedroom residences make up the property's four-unit mix.
Property Size3,274 SF
Price / SF$548.26
Days on Market26
Property Features for 2900-2906 Pine Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Compass Commercial
Listed By:
Matthew J Healy
Source:
Makrasrealestate
Added: Oct 15
Changed: Nov 9
Last Checked: Nov 9 at 7:43PM
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 Commercial
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Investment Insights
Based on property information with market context.
This 3,274-square-foot multifamily building contains four apartments: two with one bedroom and one bathroom, and two with two bedrooms and one bathroom. One one-bedroom unit is vacant following a studs-up renovation that included a remodeled kitchen and bathroom, radiant heat, and new windows. The other one-bedroom apartment has recent upgrades and an in-unit washer and dryer. Building improvements also include exterior paint and a newer roof. Built in 1918, the property occupies the corner of Pine and Baker Streets in San Francisco's Lower Pacific Heights neighborhood.
Shopping, dining, and cafes along Sacramento and Divisadero Streets are nearby, as are the Presidio and Alta Plaza Park. The 1 California bus line provides public transportation access through the city.
Shopping, dining, and cafes along Sacramento and Divisadero Streets are nearby, as are the Presidio and Alta Plaza Park. The 1 California bus line provides public transportation access through the city.
Key Highlights
- Four apartments totaling 3,274 square feet
- Unit mix: two 1‑bedroom, 1‑bathroom apartments and two 2‑bedroom, 1‑bathroom residences
- Vacant one‑bedroom unit renovated from the studs, with remodeled kitchen and bath, radiant heating, and new windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,357
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,327,140
$2.3M
Cap Rate 7%
$1,662,243
$1.7M
Cap Rate 9%
$1,292,856
$1.3M
Market Conditions
NOI Build-Up for 3,274 SF
Gross rent
$176.8K $54.00/SF
− Vacancy
−$10.6K −$3.23/SF
EGI
$166.2K $50.77/SF
− OpEx
−$49.9K −$15.23/SF
NOI
$116.4K $35.54/SF
Area
San Francisco, CA
Vacancy
5.98%
Lease Rate
$54.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,327,140
Cap Rate 7%
$1,662,243
Cap Rate 9%
$1,292,856
Alternative Uses
Best Use
Multifamily LT 5
$1.66M
$1.45M – $1.94M
NOI $116,357 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,297 @ 7.0% cap · market cap 5.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
6,982
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
$1,684,100
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in San Francisco, CA
Properties on Market for Quadplexes in San Francisco
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two one-bedroom apartments and two two-bedroom residences make up the property's four-unit mix.
Where is this quadplex located?
The property is located at 2900-2906 Pine Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Four apartments totaling 3,274 square feet; Unit mix: two 1‑bedroom, 1‑bathroom apartments and two 2‑bedroom, 1‑bathroom residences; Vacant one‑bedroom unit renovated from the studs, with remodeled kitchen and bath, radiant heating, and new windows
