7-Unit Apartment
78 Parker Avenue San Francisco, CA 94118
78 Parker Avenue, San Francisco, CA, 94118
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For Sale
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Seven-unit apartment building with studio, one- and two-bedroom units, plus on-site parking and laundry.
Property Size6,718 SF
Price / SF$647.51
Days on Market101
Property Features for 78 Parker Avenue
General Information
- Standard status
- Active
- Size
- 6,718 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1928
Listing agency
Colliers - San Francisco, California
Listed by
Ryan O'Keefe · License #02122038
Source
Crexi
Added: Apr 13 Updated: Jul 21 at 8:17PM Checked: Jul 21 at 8:17PM
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 Colliers - San Francisco, California
Investment Insights
Based on property information with market context.
This 7-unit apartment building at 78 Parker Avenue includes one studio, four one-bedroom apartments, and two two-bedroom units, providing a diversified rental mix. The units feature functional layouts and hardwood flooring, with strong natural light and classic San Francisco character; select units include updated kitchens and bathrooms. The property also offers on-site laundry and two on-site parking spaces.
Situated on a residential block in Laurel Heights, the building is positioned near the Presidio and within reach of neighborhood amenities and retail corridors along Laurel Village, Clement, and Sacramento Street. Public transportation options are available along California Street and Geary Boulevard, and Park Presidio access supports convenient day-to-day mobility.
The building has completed the city’s mandatory soft-story seismic retrofit program, helping address near-term capital needs.
Situated on a residential block in Laurel Heights, the building is positioned near the Presidio and within reach of neighborhood amenities and retail corridors along Laurel Village, Clement, and Sacramento Street. Public transportation options are available along California Street and Geary Boulevard, and Park Presidio access supports convenient day-to-day mobility.
The building has completed the city’s mandatory soft-story seismic retrofit program, helping address near-term capital needs.
Key Highlights
- 7‑unit apartment building built in 1928 with a unit mix of 1 studio, 4 one‑bedroom, and 2 two‑bedroom units
- Select units feature updated kitchens and bathrooms, plus hardwood flooring and strong natural light
- Two (2) on‑site parking spaces included with the building
Local 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 | $423.2k | $63.00 |
| − Vacancy | −$26.7k | −$3.97 |
| EGI | $396.6k | $59.03 |
| − OpEx | −$178.5k | −$26.56 |
| NOI | $218.1k | $32.47 |
6,718 SF · lease $63.00/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.12M
$2.73M – $3.64M
NOI $218,114 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$32.81M
$28.71M – $38.28M
NOI $2,297,027 @ 7.0% cap · market cap 52.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Seven-unit apartment building with studio, one- and two-bedroom units, plus on-site parking and laundry.
Where is this apartment building located?
The property is located at 78 Parker Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: 7‑unit apartment building built in 1928 with a unit mix of 1 studio, 4 one‑bedroom, and 2 two‑bedroom units; Select units feature updated kitchens and bathrooms, plus hardwood flooring and strong natural light; Two (2) on‑site parking spaces included with the building
