6-Unit Apartment Building with
New
For Sale
$3,950,000
3699 Clay Street, San Francisco, CA 94118
Historic multifamily property with shared laundry, private garages, and select apartments offering partial Bay views.
Property Size6,051 SF
Days on Market7
Property Features for 3699 Clay Street
General Information
Standard status
Active
Size
6,051 SF
Total Parking Spaces
7
Property subtype
Multi Family
Units
Unit Mix
3 x 1BR, 3 x 4-room apartments
Multifamily Units
6
Amenities
common laundry
partial Bay views
Building Details
Building Size
6,051 SF
Year Built
1907
Listing Agency:
Anchor Realty
Listed By:
Mark A Campana
(415) 621-2700
Source:
Adelaidamejiasf
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 5 at 10:52PM
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 Anchor Realty
Investment Insights
Based on property information with market context.
Built in 1907, this six-unit apartment property includes three one-bedroom apartments with three-room layouts and three four-room apartments that can serve as two-bedroom units. Seven private single-car garages and common laundry are also part of the property. Select apartments have partial views of the Bay, and historic details remain in the building.
The property is at the intersection of Clay and Spruce Streets in San Francisco’s Presidio Heights. Sacramento Street dining and shopping and Laurel Village are nearby.
The property is at the intersection of Clay and Spruce Streets in San Francisco’s Presidio Heights. Sacramento Street dining and shopping and Laurel Village are nearby.
Key Highlights
- Six apartments: three one‑bedroom units and three four‑room units suited to two‑bedroom use
- Seven private single‑car garages
- Common laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$196,458
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,929,160
$3.9M
Cap Rate 7%
$2,806,543
$2.8M
Cap Rate 9%
$2,182,867
$2.2M
Market Conditions
NOI Build-Up for 6,051 SF
Gross rent
$381.2K $63.00/SF
− Vacancy
−$24.0K −$3.97/SF
EGI
$357.2K $59.03/SF
− OpEx
−$160.7K −$26.56/SF
NOI
$196.5K $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%
$3,929,160
Cap Rate 7%
$2,806,543
Cap Rate 9%
$2,182,867
Alternative Uses
Best Use
Apartment 5plus
$2.81M
$2.46M – $3.27M
NOI $196,458 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$29.56M
$25.86M – $34.48M
NOI $2,068,965 @ 7.0% cap · market cap 52.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,974
Businesses Nearby
Explore this area
Business Placement
Demographics for 94118, CA
42,356
Population
19,052
Households
2.2
Avg Household Size
37
Median Age
72%
College-Educated
94%
High-School Grad
2.0 sq mi
ZIP Area
21,178
Density / Sq Mi
$159,550
Median Household Income
$92,946
Median Earnings
$2,695
Median Rent
$1,817,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic multifamily property with shared laundry, private garages, and select apartments offering partial Bay views.
Where is this apartment building located?
The property is located at 3699 Clay Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Six apartments: three one‑bedroom units and three four‑room units suited to two‑bedroom use; Seven private single‑car garages; Common laundry
