1230 Broadway San Francisco, CA 94109-2744
- Apartment buildings
- 3,980 SF
- 0.06 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1230 Broadway
- Year built
- 1924
- Construction
- WOOD
- Lot size
- 0.06 lot acres
- Property size
- 3,980 SF
- Zone code
- RH3
- Property type
- Apartment buildings
- APN
- 0152 -010A
- APU
- 0152010A
Description
This exceptional six-unit apartment building at 1230 Broadway, San Francisco, CA 94109, presents a compelling investment opportunity in the vibrant Russian Hill neighborhood. The property, built in 1924, offers 3,980 square feet across two stories and sits on APN 0152-010A. Currently boasting a 33% occupancy rate, the building features four vacant units, presenting immediate potential for value enhancement through renovation and lease-up. The current NOI is $137,356, with a pro-forma NOI projected at $178,015, resulting in a pro-forma cap rate of 8.92%. The asking price is $1,995,000, translating to $332,500 per unit and $501.26 per square foot. Four of the units offer the possibility of conversion to two-bedroom layouts, expanding the potential rental income. On-site amenities include three parking spaces, laundry facilities, and a storage room. The building overlooks a parklet, offering residents pleasant views. Each unit has separate PG&E meters. Importantly, this property is not on the San Francisco soft story list. This is a rare chance to acquire a multifamily property in a prime San Francisco location with significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $300,000
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Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Francisco
- State
- California
- Longitude
- -122.417
- Latitude
- 37.7967
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
