423-433 S Van Ness Ave
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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.
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 | Apartment Style | Low Rise |
Price Per Unit | $1,166 | Building Class | C |
Sale Type | Investment | Lot Size | 0.17 AC |
Cap Rate | 6.57% | Building Size | 10,568 SF |
Gross Rent Multiplier | 11.45 | Average Occupancy | 100% |
No. Units | 2568 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1885 |
Property Subtype | Apartment |
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 |
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (98)
Bike Score ®
Biker's Paradise (100)
PROPERTY TAXES
Parcel Number | 3552-023 | Improvements Assessment | $715,746 (2023) |
Land Assessment | $602,731 (2023) | Total Assessment | $1,318,477 (2023) |
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 |
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423-433 S Van Ness Ave
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