Corona Heights | 3700 16th St
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Corona Heights 3700 16th St
8 Unit Apartment Building $2,925,000 ($365,625/Unit) 5.62% Cap Rate San Francisco, CA 94114
Investment Highlights
- 8-Unit Investment Property
- 8 Car Parking
Executive Summary
Exciting investment opportunity in a fantastic rental location, 3700 16th Street is located just a couple of blocks up from Market Street at the corner of Castro Street. This corner property gets a ton of light and has all 1-bedroom / 1 bath unit, several of which have been updated as the units turned. The units each rent with a designated parking space and storage.
Each apartment has hardwood floors, large closets and excellent floorplans. The upper units have amazing downtown views and a rooftop deck. The building is separately metered for gas and electricity, and it also has separate gas heat.
The property is located in the Duboce Triangle adjacent to the Castro, where tenants can walk to various amenities, shopping, and endless bars and dining options. The MUNI station is just 2 blocks away on Market Street with easy access to Downtown. Corona Heights Park is just a block to the West if one is looking for outdoor activities and access to tennis courts and a dog park. This is a solid location for a great tenant base as it’s a few blocks away from the CPMC Davies Campus.
Each apartment has hardwood floors, large closets and excellent floorplans. The upper units have amazing downtown views and a rooftop deck. The building is separately metered for gas and electricity, and it also has separate gas heat.
The property is located in the Duboce Triangle adjacent to the Castro, where tenants can walk to various amenities, shopping, and endless bars and dining options. The MUNI station is just 2 blocks away on Market Street with easy access to Downtown. Corona Heights Park is just a block to the West if one is looking for outdoor activities and access to tennis courts and a dog park. This is a solid location for a great tenant base as it’s a few blocks away from the CPMC Davies Campus.
Property Facts
| Price | $2,925,000 | Apartment Style | Low Rise |
| Price Per Unit | $365,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 5.62% | Building Size | 5,300 SF |
| Gross Rent Multiplier | 12.5 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.51/1,000 SF |
| Price | $2,925,000 |
| Price Per Unit | $365,625 |
| Sale Type | Investment |
| Cap Rate | 5.62% |
| Gross Rent Multiplier | 12.5 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 5,300 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.51/1,000 SF |
Unit Amenities
- Cable Ready
- Storage Space
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,249 | 600 |
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Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (88)
PROPERTY TAXES
| Parcel Number | 2614-008 | Improvements Assessment | $1,267,447 |
| Land Assessment | $1,810,904 | Total Assessment | $3,078,351 |
PROPERTY TAXES
Parcel Number
2614-008
Land Assessment
$1,810,904
Improvements Assessment
$1,267,447
Total Assessment
$3,078,351
zoning
| Zoning Code | RH3, San Francisco (Multi-family) |
| RH3, San Francisco (Multi-family) |
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Corona Heights | 3700 16th St
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