5-Unit Apartment
For Sale
$3,995,000
295-299 Corbett Avenue, San Francisco, CA 94114
Four residences have rebuilt building systems and foundations, with a fifth unit occupied by a tenant.
Property Size3,710 SF
Price / SF$1,076
Days on Market16
Property Features for 295-299 Corbett Avenue
General Information
Standard status
Active
Size
3,710 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/3BA, 1 x 1BR/1BA, 1 x 1BR, 1 x studio
Multifamily Units
5
Amenities
private yard
gazebo
Building Details
Building Size
3,710 SF
Year Built
1927
Listing Agency:
Alex Varum Broker
Listed By:
Alex S Varum · License #01321450
Source:
Realestatenovo
Added: Oct 1
Changed: Oct 10
Last Checked: Oct 15 at 6:12AM
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 Alex Varum Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,710-square-foot apartment property, built in 1927, contains five residences. Building systems and foundations have been rebuilt in four of the units. The residences include a three-bedroom, three-bathroom unit and a one-bedroom, one-bathroom unit that may be combined; two other renovated units comprise a one-bedroom and a studio. A fifth residence occupies the lowest level and has a tenant. A private garage accommodates one car, and the grounds include a yard with a gazebo and lemon tree.
Panoramic city and hillside views are visible from living rooms and bedrooms. The renovated residences have kitchens with custom cabinetry and premium appliances, along with updated bathrooms. The combination of the two specified residences offers an alternative to operating them separately.
Panoramic city and hillside views are visible from living rooms and bedrooms. The renovated residences have kitchens with custom cabinetry and premium appliances, along with updated bathrooms. The combination of the two specified residences offers an alternative to operating them separately.
Key Highlights
- Five residences across 3,710 square feet; built in 1927
- Building systems and foundations rebuilt in four of the five residences
- Unit 297 has 3 bedrooms and 3 bathrooms; Unit 297A has 1 bedroom and 1 bathroom, and they can be combined
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,453
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,409,060
$2.4M
Cap Rate 7%
$1,720,757
$1.7M
Cap Rate 9%
$1,338,367
$1.3M
Market Conditions
NOI Build-Up for 3,710 SF
Gross rent
$233.7K $63.00/SF
− Vacancy
−$14.7K −$3.97/SF
EGI
$219.0K $59.03/SF
− OpEx
−$98.6K −$26.56/SF
NOI
$120.5K $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%
$2,409,060
Cap Rate 7%
$1,720,757
Cap Rate 9%
$1,338,367
Alternative Uses
Best Use
Apartment 5plus
$1.72M
$1.51M – $2.01M
NOI $120,453 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$18.12M
$15.86M – $21.14M
NOI $1,268,528 @ 7.0% cap · market cap 31.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,527
Businesses Nearby
Explore this area
Business Placement
Demographics for 94114, CA
33,683
Population
18,686
Households
1.8
Avg Household Size
40
Median Age
79%
College-Educated
98%
High-School Grad
1.4 sq mi
ZIP Area
24,059
Density / Sq Mi
$196,528
Median Household Income
$117,677
Median Earnings
$2,898
Median Rent
$1,771,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Four residences have rebuilt building systems and foundations, with a fifth unit occupied by a tenant.
Where is this apartment building located?
The property is located at 295-299 Corbett Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Five residences across 3,710 square feet; built in 1927; Building systems and foundations rebuilt in four of the five residences; Unit 297 has 3 bedrooms and 3 bathrooms; Unit 297A has 1 bedroom and 1 bathroom, and they can be combined
