342 Spruce St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
342 Spruce St
9 Unit Apartment Building $7,550,000 ($838,889/Unit) 4.57% Cap Rate San Francisco, CA 94118
Investment Highlights
- Presidio Heights Corner Trophy Apartment Building
- Detached Courtyard Property with Abundant Light
- Turnkey Investment, with Upside
Executive Summary
Presidio Heights Trophy Apartment Building. Situated at the intersection of Spruce and Sacramento streets, this exquisite courtyard-style property captures the essence of the neighborhoods grandeur, location, and rich history. Its allure makes it an ideal choice for seasoned investors seeking a long-term hold, while its inherent charm offers an exciting opportunity for value-add operators looking to further elevate its already impressive appeal.
Comprised of three floors, the building hosts nine spacious flats, each offering a generous layout. Most units have 3 bedrooms, formal dining and living rooms, large kitchens and pantries, as well as rear porches with washer and dryers. While several of the flats have undergone extensive renovations, most retain their Edwardian original charm.
Constructed in 1909, the property's size is impressive at 12,705 square feet. Much of building systems were upgraded over the past decade: new roof, renovated stucco facade, rebuilt rear stairs and an extensive seismic upgrade. With only 200 amps of electrical, the building may require an electrical upgrade.
Within close proximity lies the thriving shopping district of Sacramento Street, featuring an array of design shops, upscale boutiques, and renowned dining establishments. Merely a block away, you'll find Laurel Village Shopping Center, a bustling hub featuring the well known Cal-Mart and Bryans grocery stores, charming cafes, hardware shops, banks, and delightful restaurants and cafes.
Cherished by the same family for three generation, this historic property offers a once-in-a-lifetime opportunity, attracting those in pursuit of a solid investment in San Francisco. Situated in a premier location, this stabilized asset is an alluring prospect for individuals seeking stability in their ventures. As a building steeped in rich history, it stands ready for a new chapter to be penned, and forward-thinking investors have the chance to leave their indelible mark on this extraordinary property.
HIGHLIGHTS:
• Presidio Heights Corner Trophy Apartment Building
• Family owned for 3 Generations
• Turnkey Investment, with Upside
• 9 Spacious Flats
• 4 Flats Delivered Vacant
• Located in the Heart of Presidio Heights
• Detached Courtyard Property with Abundant Light
• Most Leased Flats at Market Rents
• Units have Formal Living & Dining Rooms
• Sacramento Streets Shops, Cafes, Restaurants Nearby
• 3 Flats Renovated to Condo Quality
• Large Vacant Storage Units (unsprinkled)
• 1 Car Parking Garage
• Completed Soft Story Upgrade
• Low Expenses & Bank Rents
• Presidio National Park Blocks Away
Comprised of three floors, the building hosts nine spacious flats, each offering a generous layout. Most units have 3 bedrooms, formal dining and living rooms, large kitchens and pantries, as well as rear porches with washer and dryers. While several of the flats have undergone extensive renovations, most retain their Edwardian original charm.
Constructed in 1909, the property's size is impressive at 12,705 square feet. Much of building systems were upgraded over the past decade: new roof, renovated stucco facade, rebuilt rear stairs and an extensive seismic upgrade. With only 200 amps of electrical, the building may require an electrical upgrade.
Within close proximity lies the thriving shopping district of Sacramento Street, featuring an array of design shops, upscale boutiques, and renowned dining establishments. Merely a block away, you'll find Laurel Village Shopping Center, a bustling hub featuring the well known Cal-Mart and Bryans grocery stores, charming cafes, hardware shops, banks, and delightful restaurants and cafes.
Cherished by the same family for three generation, this historic property offers a once-in-a-lifetime opportunity, attracting those in pursuit of a solid investment in San Francisco. Situated in a premier location, this stabilized asset is an alluring prospect for individuals seeking stability in their ventures. As a building steeped in rich history, it stands ready for a new chapter to be penned, and forward-thinking investors have the chance to leave their indelible mark on this extraordinary property.
HIGHLIGHTS:
• Presidio Heights Corner Trophy Apartment Building
• Family owned for 3 Generations
• Turnkey Investment, with Upside
• 9 Spacious Flats
• 4 Flats Delivered Vacant
• Located in the Heart of Presidio Heights
• Detached Courtyard Property with Abundant Light
• Most Leased Flats at Market Rents
• Units have Formal Living & Dining Rooms
• Sacramento Streets Shops, Cafes, Restaurants Nearby
• 3 Flats Renovated to Condo Quality
• Large Vacant Storage Units (unsprinkled)
• 1 Car Parking Garage
• Completed Soft Story Upgrade
• Low Expenses & Bank Rents
• Presidio National Park Blocks Away
Property Facts
| Price | $7,550,000 | Apartment Style | Low Rise |
| Price Per Unit | $838,889 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 4.57% | Building Size | 12,705 SF |
| Gross Rent Multiplier | 14.84 | No. Stories | 3 |
| No. Units | 9 | Year Built | 1909 |
| Property Type | Multifamily | Parking Ratio | 1.11/1,000 SF |
| Property Subtype | Apartment |
| Price | $7,550,000 |
| Price Per Unit | $838,889 |
| Sale Type | Investment |
| Cap Rate | 4.57% |
| Gross Rent Multiplier | 14.84 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 12,705 SF |
| No. Stories | 3 |
| Year Built | 1909 |
| Parking Ratio | 1.11/1,000 SF |
Unit Amenities
- Washer/Dryer
Site Amenities
- 24 Hour Access
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | 1,250 |
| 3+1 | 4 | - | 1,500 |
1 of 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 1011-016 | Improvements Assessment | $1,495,112 |
| Land Assessment | $2,242,677 | Total Assessment | $3,737,789 |
PROPERTY TAXES
Parcel Number
1011-016
Land Assessment
$2,242,677
Improvements Assessment
$1,495,112
Total Assessment
$3,737,789
zoning
| Zoning Code | NCD (sacramento street neighborhood commercial) |
| NCD (sacramento street neighborhood commercial) |
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
342 Spruce St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.