Six-Unit Apartment
New
For Sale
$2,750,000
359 South Van Ness Avenue, San Francisco, CA 94103
Fully occupied residential property with in-unit laundry in every apartment and garage parking for two small vehicles or motorcycles.
Property Size6,750 SF
Price / SF$407.41
Days on Market5
Property Features for 359 South Van Ness Avenue
General Information
Standard status
Active
Size
6,750 SF
Total Parking Spaces
2
Property subtype
Multi Family
Occupancy
100%
Financials
Cap Rate
5.77%
Gross Income
$235,260
Gross Rent Multiplier
11.69
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Additional Details
Public Transit
Yes
Amenities
in-unit laundry
Building Details
Building Size
6,750 SF
Year Built
1907
Buildings
1
Listing Agency:
Compass Commercial
Listed By:
John M Antonini · License #01842830
(415) 345-3000
Source:
Gregglynn
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 1:31AM
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
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.
Built in 1907, this six-unit apartment building contains six two-bedroom, one-bath apartments averaging more than 1,000 square feet each. All units have in-unit laundry, and garage parking accommodates two small cars or motorcycles. Four apartments have remodeled kitchens and bathrooms. The building also features an Edwardian facade with bay windows and period details; soft-story retrofit work and fire alarms are complete.
The property is fully occupied. Two storage areas behind the garage open toward the rear yard and are identified as having development potential. The building is near Valencia Street, Mission Street, restaurants, shops, and nightlife in the Mission District, as well as the 16th St. BART station, with access to downtown San Francisco and nearby neighborhoods.
The property is fully occupied. Two storage areas behind the garage open toward the rear yard and are identified as having development potential. The building is near Valencia Street, Mission Street, restaurants, shops, and nightlife in the Mission District, as well as the 16th St. BART station, with access to downtown San Francisco and nearby neighborhoods.
Key Highlights
- Six apartments, each with two bedrooms and one bathroom
- Units average more than 1,000 square feet; all have in‑unit laundry
- Four units feature remodeled kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,153
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,383,060
$4.4M
Cap Rate 7%
$3,130,757
$3.1M
Cap Rate 9%
$2,435,033
$2.4M
Market Conditions
NOI Build-Up for 6,750 SF
Gross rent
$425.3K $63.00/SF
− Vacancy
−$26.8K −$3.97/SF
EGI
$398.5K $59.03/SF
− OpEx
−$179.3K −$26.56/SF
NOI
$219.2K $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%
$4,383,060
Cap Rate 7%
$3,130,757
Cap Rate 9%
$2,435,033
Alternative Uses
Best Use
Apartment 5plus
$3.13M
$2.74M – $3.65M
NOI $219,153 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$32.97M
$28.85M – $38.47M
NOI $2,307,968 @ 7.0% cap · market cap 83.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
8,400
Businesses Nearby
Explore this area
Business Placement
Demographics for 94103, CA
37,843
Population
20,920
Households
1.8
Avg Household Size
37
Median Age
56%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
27,031
Density / Sq Mi
$122,339
Median Household Income
$83,348
Median Earnings
$2,146
Median Rent
$1,057,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied residential property with in-unit laundry in every apartment and garage parking for two small vehicles or motorcycles.
Where is this apartment building located?
The property is located at 359 South Van Ness Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Six apartments, each with two bedrooms and one bathroom; Units average more than 1,000 square feet; all have in‑unit laundry; Four units feature remodeled kitchens and bathrooms
