9-Unit Apartment Building with
483-497 22nd Avenue, San Francisco, CA 94121
For Sale
$3,290,000
Eight garage structures provide 11 parking spaces for the property’s residential units.
Property Size8,664 SF
Price / SF$379.73
Days on Market87
Property Features for 483-497 22nd Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Road Access
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Madison Hunter
Listed By:
Earl Chan
Source:
Metapointrealestate
Added: Aug 14
Changed: Nov 7
Last Checked: Nov 7 at 3:02PM
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 Madison Hunter
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two buildings connected by a common wall contain nine residences: eight apartments and one ADU, with a combined property size of 8,664 square feet. The non-ADU apartments have formal living and dining rooms, and the dining rooms are accessible from a shared hall. Seismic retrofit work is complete, and windows have been replaced on the north and west sides. The property was built in 1922 and includes eight garages with a total of 11 parking spaces: three two-car tandem garages and five single-car garages.
The corner site is at 22nd Avenue and Anza Street in San Francisco. Golden Gate Park is nearby, as are Ocean Beach, the Presidio and Lands End. Muni’s 38 and 38R Rapid lines run along Geary Boulevard, while Geary Boulevard, Balboa Street and Clement Street offer shopping, dining and services.
The corner site is at 22nd Avenue and Anza Street in San Francisco. Golden Gate Park is nearby, as are Ocean Beach, the Presidio and Lands End. Muni’s 38 and 38R Rapid lines run along Geary Boulevard, while Geary Boulevard, Balboa Street and Clement Street offer shopping, dining and services.
Key Highlights
- Nine residences across two connected buildings: eight apartments and one ADU
- 8,664 square feet; built in 1922
- Eight garages provide 11 spaces: three two‑car tandem garages and five single‑car garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$281,295
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,625,900
$5.6M
Cap Rate 7%
$4,018,500
$4.0M
Cap Rate 9%
$3,125,500
$3.1M
Market Conditions
NOI Build-Up for 8,664 SF
Gross rent
$545.8K $63.00/SF
− Vacancy
−$34.4K −$3.97/SF
EGI
$511.4K $59.03/SF
− OpEx
−$230.2K −$26.56/SF
NOI
$281.3K $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%
$5,625,900
Cap Rate 7%
$4,018,500
Cap Rate 9%
$3,125,500
Alternative Uses
Best Use
Apartment 5plus
$4.02M
$3.52M – $4.69M
NOI $281,295 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$42.32M
$37.03M – $49.37M
NOI $2,962,406 @ 7.0% cap · market cap 90.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,821
Businesses Nearby
Explore this area
Business Placement
Demographics for 94121, CA
43,115
Population
19,742
Households
2.2
Avg Household Size
42
Median Age
64%
College-Educated
92%
High-School Grad
2.5 sq mi
ZIP Area
17,246
Density / Sq Mi
$138,353
Median Household Income
$74,646
Median Earnings
$2,327
Median Rent
$1,634,600
Median Home Value
Market
Average Price Trend$/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 - Eight garage structures provide 11 parking spaces for the property’s residential units.
Where is this apartment building located?
The property is located at 483-497 22nd Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $3,290,000.
What are key features of this property?
This property features: Nine residences across two connected buildings: eight apartments and one ADU; 8,664 square feet; built in 1922; Eight garages provide 11 spaces: three two‑car tandem garages and five single‑car garages
