Pacific Heights Multifamily
3016 Jackson Street San Francisco, CA 94115
For Sale
$6,500,000
Pending
Multifamily property with development potential in prime location.
Property Size6,840 SF
Lot Size0.10 Acres
Days on Market124
Property Features for 3016 Jackson Street
General Information
- Standard status
- Pending
- Size
- 6,840 SF
- Lot size
- 0.10 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency:
COMPASS
(415) 345-3000
Listed By:
SCOTT WHELAN
Source:
Corcoran
Added: Mar 26
Changed: Jul 10
Last Checked: Jul 23 at 9:44AM
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
Investment Insights
Based on property information with market context.
Located in Pacific Heights, 3016 Jackson Street is a multifamily property with R-1 occupancy that has functioned as a dormitory for college students for several decades. The property offers 15 bedrooms and 12 bathrooms across three floors. Common areas include a kitchen, dining room, living room, den, meeting rooms, an office, storage, a laundry room, and a backyard-patio area. The current maximum occupancy is 30 people. The property, totaling 6,840 square feet, presents opportunities for residential development. SB-684 and SB-423 may afford streamlined infill housing entitlement at varying project density goals. The property will be delivered vacant.
Key Highlights
- Prime Pacific Heights location
- Delivered vacant, offering immediate possession and control
- Boasting 15 bedrooms and 12 bathrooms
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 | $430.9k | $63.00 |
| − Vacancy | −$27.1k | −$3.97 |
| EGI | $403.8k | $59.03 |
| − OpEx | −$181.7k | −$26.56 |
| NOI | $222.1k | $32.47 |
6,840 SF · lease $63.00/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.17M
$2.78M – $3.70M
NOI $222,075 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$33.41M
$29.23M – $38.98M
NOI $2,338,741 @ 7.0% cap · market cap 35.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Westmont in San Francisco
College
FAQs
What type of property is this?
Multifamily property - Multifamily property with development potential in prime location.
Where is this multifamily property located?
The property is located at 3016 Jackson Street San Francisco, CA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Prime Pacific Heights location; Delivered vacant, offering immediate possession and control; Boasting 15 bedrooms and 12 bathrooms
