150 Josiah Ave San Francisco, CA 94112
- Commercial real estate
- 2,800 SF
Current Use by Public Records
- MKD Group / Real Estate Agency
Property Details for 150 Josiah Ave
- Year built
- 1991
- Property size
- 2,800 SF
- Property type
- Commercial real estate
- APN
- 7058 -007
Description
This stunning, completely renovated three-unit apartment building in San Francisco's Ingleside neighborhood presents a compelling investment opportunity. Boasting 2,800 square feet on a 2,500 square foot lot, this Class A property features a three-bedroom, two-bathroom unit with breathtaking Bay views (currently vacant), a one-bedroom unit, and a studio apartment, all generating strong rental income. The building, constructed in 1991 and extensively renovated between 2022 and 2023, offers a compelling 4.8% cap rate and a pro-forma cap rate of 4.9%. The current occupancy is 33%, projected to be 100% by November 1, 2024. The property's strong financial performance is reflected in its $95,661 net operating income (NOI) and a price per square foot of $712.50. The asking price is $1,995,000, representing a price per unit of $665,000 and a gross rent multiplier of 15.5. Its prime location offers easy access to major highways and public transportation, placing it within a 15-minute commute of prominent employers in both San Francisco and Silicon Valley. The property includes a private gym and separate storage units. This fee-simple ownership opportunity is a rare find in this desirable location. The building consists of three stories and is situated at 150 Josiah Ave, San Francisco, CA 94112. The APN is 7058-007.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Francisco
- State
- California
- Longitude
- -122.4540978
- Latitude
- 37.7172855
