6-Unit Apartment
490 Francisco St, San Francisco, CA 94133
For Sale
New
$2,325,000
Four renovated two-bedroom units and two one-bedroom units create a varied residential mix.
Property Size3,556 SF
Days on Market2
Property Features for 490 Francisco St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Amenities
skylights
in-unit laundry
Building Details
Building Size
Year Built
Units
Listed By:
Wendy Tam
(415) 533-1630
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:17PM
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 Wendy Tam
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Investment Insights
Based on property information with market context.
Located at 490 Francisco St in San Francisco’s North Beach area, this six-unit apartment building contains four two-bedroom residences and two one-bedroom residences. Four of the apartments have been renovated. The upper-floor units include skylights and in-unit laundry, while building-wide work includes a soft-story seismic retrofit and an upgraded fire alarm system. Built in 1907, the property is fully occupied.
Trader Joe’s is one block away, with Grocery Outlet, cafes, restaurants, and public transportation also nearby. Washington Square Park, Joe DiMaggio Playground, North Beach Library, Fisherman’s Wharf, and the waterfront are among the surrounding destinations. The property has a Walk Score of 99, a Transit Score of 89, and a Bike Score of 65.
Trader Joe’s is one block away, with Grocery Outlet, cafes, restaurants, and public transportation also nearby. Washington Square Park, Joe DiMaggio Playground, North Beach Library, Fisherman’s Wharf, and the waterfront are among the surrounding destinations. The property has a Walk Score of 99, a Transit Score of 89, and a Bike Score of 65.
Key Highlights
- Six apartments: four renovated two‑bedroom units and two one‑bedroom units
- Top‑floor apartments feature skylights and in‑unit laundry
- Completed soft‑story seismic retrofit and upgraded fire alarm system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,453
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,309,060
$2.3M
Cap Rate 7%
$1,649,329
$1.6M
Cap Rate 9%
$1,282,811
$1.3M
Market Conditions
NOI Build-Up for 3,556 SF
Gross rent
$224.0K $63.00/SF
− Vacancy
−$14.1K −$3.97/SF
EGI
$209.9K $59.03/SF
− OpEx
−$94.5K −$26.56/SF
NOI
$115.5K $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%
$2,309,060
Cap Rate 7%
$1,649,329
Cap Rate 9%
$1,282,811
Alternative Uses
Best Use
Apartment 5plus
$1.65M
$1.44M – $1.92M
NOI $115,453 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.81M
$1.58M – $2.11M
NOI $126,379 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
5,002
Businesses Nearby
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Business Placement
Demographics for 94133, CA
26,751
Population
15,733
Households
1.7
Avg Household Size
41
Median Age
55%
College-Educated
80%
High-School Grad
0.7 sq mi
ZIP Area
38,216
Density / Sq Mi
$83,025
Median Household Income
$78,478
Median Earnings
$1,985
Median Rent
$1,519,100
Median Home Value
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Market
Average Price Trend$/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 - Four renovated two-bedroom units and two one-bedroom units create a varied residential mix.
Where is this apartment building located?
The property is located at 490 Francisco St San Francisco, CA.
What is the asking price?
The asking price for this property is $2,325,000.
What are key features of this property?
This property features: Six apartments: four renovated two‑bedroom units and two one‑bedroom units; Top‑floor apartments feature skylights and in‑unit laundry; Completed soft‑story seismic retrofit and upgraded fire alarm system
