28-Unit Apartment
For Sale
$8,900,000
Pending
3140 21st Street, San Francisco, CA 94110
A multifamily property with separately metered utilities, shared laundry, parking, and a side yard.
Property Size17,625 SF
Days on Market49
Property Features for 3140 21st Street
General Information
Standard status
Pending
Size
17,625 SF
Total Parking Spaces
27
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x studio, 15 x junior 1BR, 10 x 1BR
Multifamily Units
28
Amenities
large side yard
owner's storage and workshop area
shared laundry facility
Building Details
Building Size
17,625 SF
Year Built
1927
Buildings
1
Listing Agency:
Colliers International
Listed By:
Brad Lagomarsino · License #01058500
(415) 288-7847
Source:
Realestatenovo
Added: Sep 4
Changed: Oct 18
Last Checked: Oct 21 at 2:34AM
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 28-unit apartment building, constructed in 1927, contains approximately 17,625 square feet arranged as three studios, fifteen junior one-bedroom units, and ten one-bedroom units. Apartment features include hardwood floors, bay windows, generous closet space, natural light, and a mix of renovated kitchens and bathrooms. The property also provides a shared laundry room with three washers and four dryers, owner storage, a workshop area, and a large side yard.
Twenty-seven parking spaces accompany the building. Gas and electrical services are separately metered, soft-story seismic work has been completed, and the property complies with San Francisco's 2021 Fire Alarm Ordinance.
The property is located at the intersection of 21st and Capp streets in San Francisco's Inner Mission District. Restaurants, cafes, nightlife, markets, and shopping are within walking distance, with access to Muni routes, the 16th Street and 24th Street Mission BART stations, US-101, and I-280 nearby.
Twenty-seven parking spaces accompany the building. Gas and electrical services are separately metered, soft-story seismic work has been completed, and the property complies with San Francisco's 2021 Fire Alarm Ordinance.
The property is located at the intersection of 21st and Capp streets in San Francisco's Inner Mission District. Restaurants, cafes, nightlife, markets, and shopping are within walking distance, with access to Muni routes, the 16th Street and 24th Street Mission BART stations, US-101, and I-280 nearby.
Key Highlights
- 28 units across approximately 17,625 square feet
- Unit mix includes 3 studios, 15 junior one‑bedroom units, and 10 one‑bedroom units
- 27 parking spaces included with the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$544,983
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,899,660
$10.9M
Cap Rate 7%
$7,785,471
$7.8M
Cap Rate 9%
$6,055,367
$6.1M
Market Conditions
NOI Build-Up for 17,625 SF
Gross rent
$1.06M $60.00/SF
− Vacancy
−$66.6K −$3.78/SF
EGI
$990.9K $56.22/SF
− OpEx
−$445.9K −$25.30/SF
NOI
$545.0K $30.92/SF
Area
ZIP 94110
Vacancy
6.30%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,899,660
Cap Rate 7%
$7,785,471
Cap Rate 9%
$6,055,367
Alternative Uses
Best Use
Apartment 5plus
$7.79M
$6.81M – $9.08M
NOI $544,983 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$86.09M
$75.33M – $100.44M
NOI $6,026,362 @ 7.0% cap · market cap 67.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
28
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,597
Businesses Nearby
Explore this area
Business Placement
Demographics for 94110, CA
68,336
Population
30,685
Households
2.2
Avg Household Size
38
Median Age
61%
College-Educated
87%
High-School Grad
2.4 sq mi
ZIP Area
28,473
Density / Sq Mi
$152,403
Median Household Income
$80,431
Median Earnings
$2,404
Median Rent
$1,500,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A multifamily property with separately metered utilities, shared laundry, parking, and a side yard.
Where is this apartment building located?
The property is located at 3140 21st Street San Francisco, CA.
What is the asking price?
The asking price for this property is $8,900,000.
What are key features of this property?
This property features: 28 units across approximately 17,625 square feet; Unit mix includes 3 studios, 15 junior one‑bedroom units, and 10 one‑bedroom units; 27 parking spaces included with the property
