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423-433 S Van Ness Ave

2568 Unit Apartment Building $2,995,000 ($1,166/Unit) 6.57% Cap Rate San Francisco, CA 94103

Investment Highlights

  • Great location, Victorian mixed-use property.

Executive Summary

The owner may be open to considering seller financing, depending on the specifics of your offer. If you would like to explore this seller financing option further, please contact the listing agents.
An exceptional investment opportunity awaits with this remarkable grand-scale Victorian mixed-use property. Situated in the heart of San Francisco's vibrant Mission District, this unique and impressive property offers a fusion of history and charm with strong income. Currently at full occupancy with a blend of commercial and residential tenants, this sprawling property spans over 10,000 square feet, comprised of a semi-detached structure on a generously sized lot. Diverse and robust income streams are a hallmark of this investment, boasting a varied portfolio of tenants. The residential units showcase exquisite architectural details, high ceilings, and spacious kitchens that flow onto decks overlooking the lush, tropical garden. The commercial units share the same grand scale, featuring high ceilings and abundant space, perfectly suited for a range of uses such as retail, office space, or creative work environments. Beyond the property's walls, the Mission District offers a captivating array of attractions. Enjoy a thriving restaurant and bar scene, discover unique small businesses, and relish in the vibrant ambiance of Dolores Park. Seamlessly connect to the city's heartbeat with easy access to the Muni Metro and BART, making commuting a breeze.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
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 -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,995,000
Price Per Unit $1,166
Sale Type Investment
Cap Rate 6.57%
Gross Rent Multiplier 11.45
No. Units 2568
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.17 AC
Building Size 10,568 SF
Average Occupancy 100%
No. Stories 2
Year Built 1885

Unit Amenities

  • Air Conditioning
  • Balcony
  • Hardwood Floors

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 423 $3,626 1,581
3+1 860 $2,298 1,565 - 1,569
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (98)
Bike Score ®
Biker's Paradise (100)
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
3552-023
Land Assessment
$602,731 (2023)
Improvements Assessment
$715,746 (2023)
Total Assessment
$1,318,477 (2023)

zoning

Zoning Code M-1, San Francisco
M-1, San Francisco
  • Listing ID: 31028352

  • Date on Market: 2/23/2024

  • Last Updated:

  • Address: 423-433 S Van Ness Ave, San Francisco, CA 94103

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