Turnkey 14-Unit Apartment
677 Ellis Street San Francisco, CA 94109
For Sale
$2,575,000
Fully renovated 14-unit building with studio residences and updated electrical system throughout.
Property Size7,047 SF
Price / SF$365.40
Days on Market43
Property Features for 677 Ellis Street
General Information
- Standard status
- Active
- Size
- 7,047 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1908
Listing Agency:
Marcus & Millichap
(650) 546-1030
Listed By:
Eymon Binesh · License #02060059
(650) 546-1030
Source:
Exitrealty
Added: Jun 11
Changed: Jul 21
Last Checked: Jul 22 at 10:26AM
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
Investment Insights
Based on property information with market context.
677 Ellis Street is a fully renovated, turnkey 14-unit apartment building, composed entirely of studio residences. The property has undergone recent capital improvements including brand-new electrical throughout the building. Each unit has been extensively renovated with designer finishes, creating a refreshed interior package.
The asset is offered for sale and is located at 677 Ellis Street in San Francisco, CA 94109.
With fourteen studio residences and completed building-wide electrical upgrades, this property presents as a low-maintenance multifamily option for an investor seeking in-place income.
The asset is offered for sale and is located at 677 Ellis Street in San Francisco, CA 94109.
With fourteen studio residences and completed building-wide electrical upgrades, this property presents as a low-maintenance multifamily option for an investor seeking in-place income.
Key Highlights
- Fully renovated 14‑unit apartment building with 14 studio residences
- Year built: 1908
- Recent capital improvement: brand‑new electrical throughout the building
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $408.4k | $57.96 |
| − Vacancy | −$25.7k | −$3.65 |
| EGI | $382.7k | $54.31 |
| − OpEx | −$172.2k | −$24.44 |
| NOI | $210.5k | $29.87 |
7,047 SF · lease $57.96/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.01M
$2.63M – $3.51M
NOI $210,492 @ 7.0% cap · market cap 8.17%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$32.13M
$28.11M – $37.48M
NOI $2,248,884 @ 7.0% cap · market cap 87.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Fully renovated 14-unit building with studio residences and updated electrical system throughout.
Where is this apartment building located?
The property is located at 677 Ellis Street San Francisco, CA.
What is the asking price?
The asking price for this property is $2,575,000.
What are key features of this property?
This property features: Fully renovated 14‑unit apartment building with 14 studio residences; Year built: 1908; Recent capital improvement: brand‑new electrical throughout the building
