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1424 Jones St

7 Unit Apartment Building $2,300,000 ($328,571/Unit) 4.42% Cap Rate San Francisco, CA 94109

Executive Summary

Located in the heart of San Francisco’s prestigious Nob Hill neighborhood, 1424 Jones Street is a well-maintained 7-unit building that offers both historical charm and significant upside potential. The property consists of six spacious 2-bedroom, 1-bath units, along with one studio, each featuring generous layouts and original details such as high ceilings, hardwood floors, and classic woodwork that add timeless appeal to the building. The owner’s unit, a 2-bedroom, 1-bath, will be delivered vacant at the close of escrow, providing an excellent opportunity for an owner-occupant or investor. The property also includes a 1-car parking space, a rare amenity in this soughtafter location. A formal entryway welcomes visitors to the building, showcasing many periodcorrect details that reflect the property’s historical significance. In addition to its vintage charm, the building has undergone key upgrades, including modern electrical work and seismic improvements, ensuring long-term stability and value. Some units offer spectacular views of downtown San Francisco, while others capture “peak-a-boo” views of the Golden Gate Bridge. With its prime location, just steps from top dining, shopping, and historic landmarks, 1424 Jones Street offers tremendous investment potential. There is significant upside in the rental income, making this an exceptional opportunity for those looking to capitalize on one of San Francisco’s most coveted neighborhoods.

Attachments

Brochure

Property Facts

Price $2,300,000
Price Per Unit $328,571
Sale Type Investment
Cap Rate 4.42%
Gross Rent Multiplier 14.34
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.07 AC
Building Size 6,933 SF
No. Stories 3
Year Built 1915
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0189-013
Land Assessment
$102,566
Improvements Assessment
$175,628
Total Assessment
$278,511

zoning

Zoning Code RM-3
RM-3
  • Listing ID: 34145581

  • Date on Market: 12/10/2024

  • Last Updated:

  • Address: 1424 Jones St, San Francisco, CA 94109

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