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    1338-1348 Larkin St San Francisco, CA 94109

    Sponsored
    For Sale
    $4,400,000

    Six-unit Nob Hill apartment building, excellent upside.

    Property size:
    8,949 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional six-unit apartment building at 1338-1348 Larkin Street in San Francisco's desirable Nob Hill neighborhood presents a compelling investment opportunity. The property, built in 1909, boasts a total of 8,949 square feet on a 3,541 square foot lot and features a mix of three 3-bedroom/2-bathroom units and three 2-bedroom/2-bathroom units. The asking price is $4,400,000, translating to $733,333 per unit and a price per square foot of $514. The property offers a current NOI of $194,050.81, resulting in a 4.41% cap rate, with a pro-forma NOI of $254,321.81 and a pro-forma cap rate of 5.78%. Four parking spaces are available in a ground floor garage. One unit will be delivered vacant at closing. The property enjoys a prime location, steps from Polk Street's vibrant restaurants and bars, and around the corner from Trader Joe's. Its walk score is 99, and its transit score is 95, reflecting its exceptional accessibility. The property's excellent condition and large, efficiently laid-out units contribute to its strong rental income and significant upside potential. The property's APN is 0250/015 and the zip code is 94109. This meticulously maintained building offers a rare combination of location, income, and growth potential in a highly sought-after San Francisco neighborhood.

    Property Features for 1338-1348 Larkin St

    General Information

    Property type
    Multifamily properties
    Square Feet
    8,949 SF

    Building Details

    Year Built
    1909
    Units
    6

    HighLights

    • Excellent condition; pride of ownership evident.
    • Spacious units with efficient layouts.
    • Below‑market rents offer significant rental upside potential.
    • Secure parking garage with up to four car spaces per unit.
    • Prime Nob Hill location; walk score of 99, transit score of 95.
    • One unit currently vacant; owner's unit available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Francisco
    State
    California
    Longitude
    -122.4186961
    Latitude
    37.7904581

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    FAQs

    What type of property is this?
    Multifamily property - Six-unit Nob Hill apartment building, excellent upside.
    Where is this multifamily property located?
    The property is located at 1338-1348 Larkin St San Francisco, CA.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: Excellent condition; pride of ownership evident.; Spacious units with efficient layouts.; Below-market rents offer significant rental upside potential.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1338-1348 Larkin St San Francisco, CA 94109
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