25-Unit Mixed-Use
For Sale
$5,995,000
416 Turk Street, San Francisco, CA 94102
Apartments occupy the upper floors above three ground-level commercial spaces in an elevator-served building.
Property Size19,780 SF
Lot Size0.11 Acres
Price / SF$303.08
Days on Market21
Property Features for 416 Turk Street
General Information
Standard status
Active
Size
19,780 SF
Elevators
Yes
Lot size
0.11 Acres
Property subtype
Multi Family Home
Zoning
RC4
Site & Location
Neighborhood
Tenderloin
Public Transit
Yes
Utilities to Site
Yes
Mixed-Use Components
residential, retail
Units
Unit Mix
15 one-bedrooms, 8 studios, 2 two-bedrooms
Multifamily Units
25
Individually Metered Utilities
gas, electricity
Additional Details
Cap Rate
6.57%
Tenant in Place
Yes
Amenities
secured entry
lobby
Building Details
Building Size
19,780 SF
Year Built
1907
Year Renovated
2020
Buildings
1
Stories
5
Construction
concrete masonry
Tenancy
Multi
Listed By:
Harish Monga
(510) 872-8437
Source:
Eminentvalley
Added: Oct 8
Changed: Oct 25
Last Checked: Oct 26 at 3:45AM
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 Harish Monga
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Investment Insights
Based on property information with market context.
This five-story mixed-use property combines 25 apartments with three commercial spaces at street level. The residential mix includes 15 one-bedroom units, 8 studios and 2 two-bedroom units, within approximately 19,780 square feet on a 4,624-square-foot lot. Built in 1907, the concrete masonry building has an elevator serving the basement through the top floor, secured entry and a lobby. About 80% of the apartments have undergone renovations, including wood flooring. Gas and electric service are separately metered. Architectural plans have been prepared for three potential ADUs; the property is zoned RC4.
Building work includes a seismic upgrade completed in 2014 and a main roof replacement in 2020. Current market rents are approximately 52% above in-place apartment rents. The property is near Turk and Hyde, one block from UC Law San Francisco, and within walking distance of Civic Center, City Hall, Van Ness and Union Square. BART and Muni are nearby.
Building work includes a seismic upgrade completed in 2014 and a main roof replacement in 2020. Current market rents are approximately 52% above in-place apartment rents. The property is near Turk and Hyde, one block from UC Law San Francisco, and within walking distance of Civic Center, City Hall, Van Ness and Union Square. BART and Muni are nearby.
Key Highlights
- 25 apartments and 3 ground‑floor commercial spaces
- 15 one‑bedroom apartments, 8 studios and 2 two‑bedroom apartments
- Approximately 19,780 SF on a 4,624 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$441,341
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,826,820
$8.8M
Cap Rate 7%
$6,304,871
$6.3M
Cap Rate 9%
$4,903,789
$4.9M
Market Conditions
NOI Build-Up for 19,780 SF
Gross rent
$830.8K $42.00/SF
− Vacancy
−$124.6K −$6.30/SF
EGI
$706.1K $35.70/SF
− OpEx
−$264.8K −$13.39/SF
NOI
$441.3K $22.31/SF
Area
San Francisco, CA
Vacancy
15.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,826,820
Cap Rate 7%
$6,304,871
Cap Rate 9%
$4,903,789
Alternative Uses
Best Use
Retail
$90.18M
$78.90M – $105.21M
NOI $6,312,322 @ 7.0% cap · market cap 105.29%
Second Best
Apartment 5plus
$9.17M
$8.03M – $10.70M
NOI $642,198 @ 7.0% cap · market cap 10.71%
Theoretical Best
Specialty Retail
$96.62M
$84.54M – $112.72M
NOI $6,763,202 @ 7.0% cap · market cap 112.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
25
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
19,172
Businesses Nearby
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Business Placement
Demographics for 94102, CA
39,432
Population
23,153
Households
1.7
Avg Household Size
40
Median Age
42%
College-Educated
81%
High-School Grad
0.7 sq mi
ZIP Area
56,331
Density / Sq Mi
$64,781
Median Household Income
$55,873
Median Earnings
$1,517
Median Rent
$996,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Apartments occupy the upper floors above three ground-level commercial spaces in an elevator-served building.
Where is this mixed-use property located?
The property is located at 416 Turk Street San Francisco, CA.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: 25 apartments and 3 ground‑floor commercial spaces; 15 one‑bedroom apartments, 8 studios and 2 two‑bedroom apartments; Approximately 19,780 SF on a 4,624 SF lot
