311 11th Ave San Francisco, CA 94118-4708
- Retail residential properties
- 9,950 SF
- 0.12 lot acres
Current Use by Public Records
- Courtney Hall Web Design / Marketing & Advertising / (Bike/Boat/Book/etc) Store
- StartupWebmaster.com / Marketing & Advertising / (Bike/Boat/Book/etc) Store
Property Details for 311 11th Ave
- Year built
- 1910
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.12 lot acres
- Property size
- 9,950 SF
- Zone code
- INCLEM
- Property type
- Retail residential properties
- APN
- 1443 -001
- APU
- 1443001
Description
This exceptional mixed-use investment property, located at 311 11th Avenue in San Francisco's vibrant Richmond District (zip code 94118), presents a rare opportunity. The fully renovated building boasts a total of 9,950 square feet situated on a 5,248 square foot lot (APN 1443). The property is zoned NCD – Inner Clement Commercial District and comprises a ground floor commercial storefront and a 2-story apartment building with 16 units, currently operating at 100% occupancy. The building features 15 single-room occupancy (SRO) units, in addition to the commercial space. The asking price is $4,500,000, representing a compelling 6.37% capitalization rate. The property benefits from over $1,000,000 in recent capital improvements. With a triple-net (NNN) lease structure and a current vacancy rate of 0%, this investment offers significant potential for future rental income growth, with an estimated 22% upside in rents. This is a turnkey operation in a highly desirable location, making it an ideal addition to any investment portfolio. The property's strong performance and upside potential make it a truly unique opportunity in the competitive San Francisco market.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,700,000
- 6.5%
- $3,415,000
- 7%
- $3,170,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,291,000
Market price range: $871k - $2.95M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $4,185,000 Current use
- OFFICE BUILDING
- $4,770,000 Change: +14% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $4,000,000 Change: -4% Conversion: Moderate
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Francisco
- State
- California
- Longitude
- -122.47
- Latitude
- 37.7825
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA