12-Unit Studio Apartment
For Sale
$2,695,000
Hyde, San Francisco, CA 94109
ResidentialIncome, SanFrancisco, CA
Property Size5,998 SF
Lot Size0.05 Acres
Price / SF$449.32
Days on Market15
Property Features for Hyde
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RC4
Elementary school
SanFranciscoUnified
High school
SanFranciscoUnified
Elementary school district
SanFranciscoUnified
High school district
SanFranciscoUnified
Subdivision
Tenderloin
Standard status
Active
APN
0321-006
Size
5,998 SF
Lot size
0.05 Acres
Building Details
Year built
1922
Listing Agency:
KW Advisors · Keller Williams Realty
(650) 627-3700
Listed By:
Alina Siert · License #01893238
(408) 712-7692
Added: Oct 7
Changed: Oct 21
Last Checked: Oct 21 at 11:06PM
MLS# ML82063903
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-story apartment property contains 12 studio residences in approximately 5,998 square feet. Constructed in 1922, the building features wood flooring and updated finishes; approximately 80% of the apartments have been renovated. Each studio is equipped with its own kitchen and bathroom, and gas and electric utilities are separately metered.
The property is in San Francisco’s Tenderloin, one block from the shops and restaurants on Polk Street. Union Square, Civic Center and Van Ness are within walking distance, with BART and Muni nearby.
Market rents are approximately 40% above current in-place rents. The reported current cap rate is 5.20%, with a pro forma cap rate of 6.59%.
The property is in San Francisco’s Tenderloin, one block from the shops and restaurants on Polk Street. Union Square, Civic Center and Van Ness are within walking distance, with BART and Muni nearby.
Market rents are approximately 40% above current in-place rents. The reported current cap rate is 5.20%, with a pro forma cap rate of 6.59%.
Key Highlights
- 12 studio apartments across four stories
- Approximately 5,998 SF; built in 1922
- About 80% of units renovated, with wood floors and updated finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$179,158
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,583,160
$3.6M
Cap Rate 7%
$2,559,400
$2.6M
Cap Rate 9%
$1,990,644
$2.0M
Market Conditions
NOI Build-Up for 5,998 SF
Gross rent
$347.6K $57.96/SF
− Vacancy
−$21.9K −$3.65/SF
EGI
$325.7K $54.31/SF
− OpEx
−$146.6K −$24.44/SF
NOI
$179.2K $29.87/SF
Area
ZIP 94109
Vacancy
6.30%
Lease Rate
$57.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,583,160
Cap Rate 7%
$2,559,400
Cap Rate 9%
$1,990,644
Alternative Uses
Best Use
Apartment 5plus
$2.56M
$2.24M – $2.99M
NOI $179,158 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$27.34M
$23.93M – $31.90M
NOI $1,914,121 @ 7.0% cap · market cap 71.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
12
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
16,130
Businesses Nearby
Explore this area
Business Placement
Demographics for 94109, CA
58,501
Population
39,043
Households
1.5
Avg Household Size
38
Median Age
65%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
53,183
Density / Sq Mi
$112,201
Median Household Income
$89,841
Median Earnings
$2,172
Median Rent
$1,390,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has a private kitchen and bath, with gas and electric service metered separately.
Where is this apartment building located?
The property is located at Hyde San Francisco, CA.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: 12 studio apartments across four stories; Approximately 5,998 SF; built in 1922; About 80% of units renovated, with wood floors and updated finishes
