1338-1348 Larkin St San Francisco, CA 94109
- Apartment buildings
- 8,949 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1338-1348 Larkin St
- Year built
- 1909
- Property size
- 8,949 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Francisco
- State
- California
- Longitude
- -122.419
- Latitude
- 37.7905
