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Multifamily

216 4th Ave

216 4th Ave, San Francisco, CA 94118

Listing Price: $6,950,000

Cap Rate
4.88%
Number of Units
12
GRM
14.05
Occupancy
98.0%
Price/Unit
$579,167
Price/Gross SF
$469.59
Gross SF
14,800

Investment Overview

We are pleased to present for sale the 12-unit apartment building at 216 4th Avenue in the excellent inner Richmond District neighborhood of San Francisco. The cross street is California Street. It is close to Presidio, Sea Cliff, and Golden Gate Park. Public transit is very convenient.

For the first time in over 40 years, 216 4th Avenue is on the market. The subject property is a nice apartment building constructed in 1904. It features 12 large apartment units and has 4 parking garage spaces. The building size on tax record is 14,800 square feet, and lot size is 5,972 square feet. Its APN is 1430-043 and zoning is RH2.

Five units will be delivered vacant, and seven units are tenant occupied. Tremendous upside potential for value-add or long term investors. Price per square foot is only $506.76 and current cap rate is 4.51% based on current market rent for vacant units.

This is great opportunity for investors to acquire such a high quality apartment building in one of the best neighborhood in San Francisco!

Investment Highlights

  • Inner Richmond Neighborhood
  • Near Presidio and California St.
  • 12 Large and Bright Units
  • 5 Units Delivered Vacant
  • 14,800 Building SqFt (Tax) and 5,972 SqFt (Tax)
  • Price per SqFt: $507

Exclusively Listed By

Listing Price: $6,950,000

Cap Rate
4.88%
Number of Units
12
GRM
14.05
Occupancy
98.0%
Price/Unit
$579,167
Price/Gross SF
$469.59
Gross SF
14,800

Investment Highlights

  • Inner Richmond Neighborhood
  • Near Presidio and California St.
  • 12 Large and Bright Units
  • 5 Units Delivered Vacant
  • 14,800 Building SqFt (Tax) and 5,972 SqFt (Tax)
  • Price per SqFt: $507

Investment Overview

We are pleased to present for sale the 12-unit apartment building at 216 4th Avenue in the excellent inner Richmond District neighborhood of San Francisco. The cross street is California Street. It is close to Presidio, Sea Cliff, and Golden Gate Park. Public transit is very convenient.

For the first time in over 40 years, 216 4th Avenue is on the market. The subject property is a nice apartment building constructed in 1904. It features 12 large apartment units and has 4 parking garage spaces. The building size on tax record is 14,800 square feet, and lot size is 5,972 square feet. Its APN is 1430-043 and zoning is RH2.

Five units will be delivered vacant, and seven units are tenant occupied. Tremendous upside potential for value-add or long term investors. Price per square foot is only $506.76 and current cap rate is 4.51% based on current market rent for vacant units.

This is great opportunity for investors to acquire such a high quality apartment building in one of the best neighborhood in San Francisco!

Exclusively Listed By

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