14-Unit Apartment Building with
For Sale
$5,228,000
Pending
3967 Sacramento ST, San Francisco, CA 94118
Fourteen-unit apartment building with 10 on-site parking spaces and completed soft-story seismic upgrades.
Property Size9,500 SF
Days on Market130
Property Features for 3967 Sacramento ST
General Information
Standard status
Pending
Size
9,500 SF
Property subtype
FiveOrMoreUnits
Building Details
Building Size
9,500 SF
Year Built
1912
Listing Agency:
Marcus & Millichap
Listed By:
Eymon Binesh · License #02060059
(650) 546-1030
Source:
Mpireluxe
Added: Jun 15
Changed: Oct 17
Last Checked: Oct 21 at 4:31AM
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 Marcus & Millichap
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Investment Insights
Based on property information with market context.
3967 Sacramento Street is a 14-unit apartment building for sale, offering a mix of eight one-bedroom units and six studios. The property includes 10 on-site parking spaces and has completed soft-story seismic upgrades.
The asset is located in San Francisco’s Presidio Heights area. The public remarks also indicate a current 4.92% CAP rate, with potential upside discussed to an 8.77% CAP. Additional value-add opportunities mentioned include future ADU development or a tenancy-in-common conversion.
Overall, this is a well-maintained multifamily offering with an in-place unit mix and completed seismic improvements, alongside strategies described in the remarks for future enhancement.
The asset is located in San Francisco’s Presidio Heights area. The public remarks also indicate a current 4.92% CAP rate, with potential upside discussed to an 8.77% CAP. Additional value-add opportunities mentioned include future ADU development or a tenancy-in-common conversion.
Overall, this is a well-maintained multifamily offering with an in-place unit mix and completed seismic improvements, alongside strategies described in the remarks for future enhancement.
Key Highlights
- 14‑unit apartment building in Presidio Heights
- Unit mix includes 8 one‑bedroom units and 6 studios
- Completed soft‑story seismic upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$308,437
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,168,740
$6.2M
Cap Rate 7%
$4,406,243
$4.4M
Cap Rate 9%
$3,427,078
$3.4M
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$598.5K $63.00/SF
− Vacancy
−$37.7K −$3.97/SF
EGI
$560.8K $59.03/SF
− OpEx
−$252.4K −$26.56/SF
NOI
$308.4K $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%
$6,168,740
Cap Rate 7%
$4,406,243
Cap Rate 9%
$3,427,078
Alternative Uses
Best Use
Apartment 5plus
$4.41M
$3.86M – $5.14M
NOI $308,437 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$46.40M
$40.60M – $54.14M
NOI $3,248,252 @ 7.0% cap · market cap 62.13%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
4,104
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fourteen-unit apartment building with 10 on-site parking spaces and completed soft-story seismic upgrades.
Where is this apartment building located?
The property is located at 3967 Sacramento ST San Francisco, CA.
What is the asking price?
The asking price for this property is $5,228,000.
What are key features of this property?
This property features: 14‑unit apartment building in Presidio Heights; Unit mix includes 8 one‑bedroom units and 6 studios; Completed soft‑story seismic upgrades
