6-Unit Apartment
324-330 Connecticut St, San Francisco, CA 94107
For Sale
New
$3,300,000
Building-wide seismic work and upgraded fire alarms support the property's physical improvements.
Property Size4,954 SF
Days on Market2
Property Features for 324-330 Connecticut St
General Information
Standard status
Size
Property subtype
Financials
Cap Rate
Gross Income
Gross Rent Multiplier
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Multifamily Units
Tenant in Place
Amenities
in-unit laundry
rear decks
Building Details
Building Size
Year Built
Units
Listed By:
John M Antonini · License #CA 01842830
(415) 794-9510
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 5:19PM
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 John M Antonini
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Investment Insights
Based on property information with market context.
This 1900 apartment building contains six units, five of which have been updated. Four apartments include in-unit laundry. Improvements to the property also include a completed seismic retrofit, refreshed exterior paint and upgraded fire alarms. Rear decks look west toward Twin Peaks and the downtown skyline.
The property is at 324–330 Connecticut Street in San Francisco. The 18th Street corridor, with several named restaurants and bars, is a short walk away. Mission Bay destinations include Chase Center, UCSF’s campus and hospitals, and Caltrain; access to US 101 and I-280 is also nearby. Reported walk, bike and transit scores are 86, 93 and 82, respectively. The property has a 6% cap rate and 11.2 GRM.
The property is at 324–330 Connecticut Street in San Francisco. The 18th Street corridor, with several named restaurants and bars, is a short walk away. Mission Bay destinations include Chase Center, UCSF’s campus and hospitals, and Caltrain; access to US 101 and I-280 is also nearby. Reported walk, bike and transit scores are 86, 93 and 82, respectively. The property has a 6% cap rate and 11.2 GRM.
Key Highlights
- Six‑unit apartment building; constructed in 1900
- Five of six apartments updated; four have in‑unit laundry
- Completed seismic retrofit, new exterior paint and upgraded fire alarms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,842
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,216,840
$3.2M
Cap Rate 7%
$2,297,743
$2.3M
Cap Rate 9%
$1,787,133
$1.8M
Market Conditions
NOI Build-Up for 4,954 SF
Gross rent
$312.1K $63.00/SF
− Vacancy
−$19.7K −$3.97/SF
EGI
$292.4K $59.03/SF
− OpEx
−$131.6K −$26.56/SF
NOI
$160.8K $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%
$3,216,840
Cap Rate 7%
$2,297,743
Cap Rate 9%
$1,787,133
Alternative Uses
Best Use
Apartment 5plus
$2.30M
$2.01M – $2.68M
NOI $160,842 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.52M
$2.20M – $2.93M
NOI $176,063 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8,144
Businesses Nearby
Explore this area
Business Placement
Demographics for 94107, CA
34,012
Population
18,798
Households
1.8
Avg Household Size
36
Median Age
77%
College-Educated
93%
High-School Grad
1.9 sq mi
ZIP Area
17,901
Density / Sq Mi
$186,123
Median Household Income
$118,676
Median Earnings
$3,378
Median Rent
$1,227,000
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in San Francisco, CA
Properties on Market for Apartment buildings in San Francisco
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Building-wide seismic work and upgraded fire alarms support the property's physical improvements.
Where is this apartment building located?
The property is located at 324-330 Connecticut St San Francisco, CA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Six‑unit apartment building; constructed in 1900; Five of six apartments updated; four have in‑unit laundry; Completed seismic retrofit, new exterior paint and upgraded fire alarms
