6-Unit Two-Bedroom Apartment
510 Page Street, San Francisco, CA 94117
For Sale
New
$3,500,000
Fully occupied residential property with a consistent six-unit layout and two-bedroom, one-bathroom apartments.
Property Size5,508 SF
Lot Size0.07 Acres
Price / SF$635.44
Days on Market5
Property Features for 510 Page Street
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
Marcus & Millichap
Listed By:
Gino V Franco
(415) 625-2167
Source:
Paytonslist
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 10:33AM
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.
Built in 1913, this 5,508-square-foot apartment property contains six two-bedroom, one-bathroom units on a 0.07-acre parcel. The building is fully occupied, with in-place rents totaling $22,963 per month and annual net operating income of $189,719. Its in-place capitalization rate is 5.42%.
The property is at 510 Page Street in San Francisco, near restaurants, shops, parks, and public transportation. Downtown San Francisco and surrounding employment centers are also accessible from the location.
Current rents are approximately 30% below estimated market rents. Existing monthly rents are $22,963, compared with estimated market rents of $33,000; the projected capitalization rate at market rents is 8.59%.
The property is at 510 Page Street in San Francisco, near restaurants, shops, parks, and public transportation. Downtown San Francisco and surrounding employment centers are also accessible from the location.
Current rents are approximately 30% below estimated market rents. Existing monthly rents are $22,963, compared with estimated market rents of $33,000; the projected capitalization rate at market rents is 8.59%.
Key Highlights
- Six apartment units, each with two bedrooms and one bathroom
- 5,508 square feet on a 0.07‑acre parcel
- Built in 1913
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$178,829
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,576,580
$3.6M
Cap Rate 7%
$2,554,700
$2.6M
Cap Rate 9%
$1,986,989
$2.0M
Market Conditions
NOI Build-Up for 5,508 SF
Gross rent
$347.0K $63.00/SF
− Vacancy
−$21.9K −$3.97/SF
EGI
$325.1K $59.03/SF
− OpEx
−$146.3K −$26.56/SF
NOI
$178.8K $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%
$3,576,580
Cap Rate 7%
$2,554,700
Cap Rate 9%
$1,986,989
Alternative Uses
Best Use
Apartment 5plus
$2.55M
$2.24M – $2.98M
NOI $178,829 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.80M
$2.45M – $3.26M
NOI $195,752 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
6,551
Businesses Nearby
Explore this area
Business Placement
Demographics for 94117, CA
38,451
Population
19,709
Households
2
Avg Household Size
36
Median Age
78%
College-Educated
96%
High-School Grad
1.3 sq mi
ZIP Area
29,578
Density / Sq Mi
$175,096
Median Household Income
$106,542
Median Earnings
$2,786
Median Rent
$1,641,400
Median Home Value
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Market
Average Price Trend$/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 - Fully occupied residential property with a consistent six-unit layout and two-bedroom, one-bathroom apartments.
Where is this apartment building located?
The property is located at 510 Page Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Six apartment units, each with two bedrooms and one bathroom; 5,508 square feet on a 0.07‑acre parcel; Built in 1913
