1338-1348 Larkin St
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1338-1348 Larkin St
6 Unit Apartment Building $4,400,000 ($733,333/Unit) 4.32% Cap Rate San Francisco, CA 94109
Investment Highlights
- Excellently maintained
- Rental upside
- Premium Nob Hill location
- Large units
- Parking garage
- 1 Unit delivered vacant
Executive Summary
Touchstone Commercial Partners, Inc. is pleased to offer investors the opportunity to purchase the fee simple interest in 1338-1348 Larkin Street.
The subject property consists of three (3) 3bd/2ba units and three (3) 2bd/2ba units. There are five parking spaces in the ground floor garage. Around the corner from Trader Joes and just steps to bars and restaurants on the Polk Street corridor, this property is well located in the heart of Nob Hill. This impeccably maintained property delivers stable in-place income and plenty of upside. Unit 1340 will be delivered vacant at close.
The subject property consists of three (3) 3bd/2ba units and three (3) 2bd/2ba units. There are five parking spaces in the ground floor garage. Around the corner from Trader Joes and just steps to bars and restaurants on the Polk Street corridor, this property is well located in the heart of Nob Hill. This impeccably maintained property delivers stable in-place income and plenty of upside. Unit 1340 will be delivered vacant at close.
Property Facts
| Price | $4,400,000 | Property Subtype | Apartment |
| Price Per Unit | $733,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 4.32% | Building Size | 8,949 SF |
| Gross Rent Multiplier | 15.3 | No. Stories | 3 |
| No. Units | 6 | Year Built | 1909 |
| Property Type | Multifamily |
| Price | $4,400,000 |
| Price Per Unit | $733,333 |
| Sale Type | Investment |
| Cap Rate | 4.32% |
| Gross Rent Multiplier | 15.3 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 8,949 SF |
| No. Stories | 3 |
| Year Built | 1909 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | - | 1,500 |
| 3+2 | 3 | - | - |
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (99)
PROPERTY TAXES
| Parcel Number | 0250-015 | Improvements Assessment | $540,448 |
| Land Assessment | $469,137 | Total Assessment | $1,009,585 |
PROPERTY TAXES
Parcel Number
0250-015
Land Assessment
$469,137
Improvements Assessment
$540,448
Total Assessment
$1,009,585
zoning
| Zoning Code | RM3 |
| RM3 |
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1338-1348 Larkin St
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