Top of Greenwich | 407-411 Greenwich St
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Top of Greenwich 407-411 Greenwich St
5 Unit Apartment Building $3,598,000 ($719,600/Unit) 4.64% Cap Rate San Francisco, CA 94133
Investment Highlights
- First time on market in 110 years!
- ADU potential
- Adjacent to Coil Tower
Executive Summary
Amazing 110 year-old San Francisco treasure on the market for the first time ever! Commissioned by the Pezzi family in 1913, 407-411 Greenwich offers the rare opportunity to own a true San Francisco legacy at the top of Greenwich steps! Perfectly adjacent to Pioneer Park and Coit Tower, this masterfully constructed 5-unit building offers an updated 1 bedroom penthouse with a 400sqft panoramic view roof deck and 4 additional 2 bedroom flats with split bathroom, ADU potential, plus an unbeatable location. Detached on 3 sides, this property provides spectacular city, Bay and garden views from each unit. Add to this package an established history of strong rentals and 1 vacant units, this property is a must have!
Financial Summary (Pro forma - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,598,000 | Apartment Style | Mid Rise |
| Price Per Unit | $719,600 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 4.64% | Building Size | 3,850 SF |
| Gross Rent Multiplier | 18.42 | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1913/2014 |
| Property Subtype | Apartment |
| Price | $3,598,000 |
| Price Per Unit | $719,600 |
| Sale Type | Investment |
| Cap Rate | 4.64% |
| Gross Rent Multiplier | 18.42 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,850 SF |
| Average Occupancy | 80% |
| No. Stories | 4 |
| Year Built/Renovated | 1913/2014 |
Unit Amenities
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Bay Window
- Crown Molding
- Eat-in Kitchen
- Hardwood Floors
- Tub/Shower
- Views
- Yard
- Basement
Site Amenities
- Laundry Facilities
- Gated
- Gas Range
- Walking/Biking Trails
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $3,050 | 750 - 850 |
| 1+1 | 1 | $5,000 | 1,000 |
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (86)
PROPERTY TAXES
| Parcel Number | 0087-025 | Total Assessment | $670,368 (2023) |
| Land Assessment | $292,847 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $377,521 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
0087-025
Land Assessment
$292,847 (2023)
Improvements Assessment
$377,521 (2023)
Total Assessment
$670,368 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
zoning
| Zoning Code | RH3 |
| RH3 |
-
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Top of Greenwich | 407-411 Greenwich St
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