16-Unit Turn-Key SOMA Multifamily Opportunity | 911 Bryant St
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16-Unit Turn-Key SOMA Multifamily Opportunity 911 Bryant St
16 Unit Apartment Building $8,500,000 ($531,250/Unit) San Francisco, CA 94103
Investment Highlights
- 16 High-End Condominium Mapped Units located in SOMA
- Double-Height Loft Style Units on the Ground Floor
- Latch Keyless Entry Throughout the Building
- Luxurious Finishes Throughout Each Apartment Unit – Including Fisher & Paykel Appliances
- Private and Secure Bike Storage Room located on the Ground Floor
- Lobby boasts an Amazon Hub Locker for Convenience
Executive Summary
Marcus & Millichap is pleased to present the Slate Residences, a luxurious high-end apartment building located in the heart of San Francisco’s SOMA neighborhood. Consisting of 16-units, the property boasts five stories and represents an incredible opportunity for an investor to acquire a newly built condominium quality investment in a dynamic location in San Francisco. The property consists of eight one-bedroom units, seven two-bedroom units and one studio unit, private and secure bike locker room and a lobby with an Amazon Hub locker. The entire ground floor boasts double-height loftstyle units with floor to ceiling glass and private patios. High quality construction and finishes are apparent throughout the property as each unit comes with Fisher & Paykel appliances, a wine cooler, Nest Thermostat, Latch keyless entry system and a washer-dryer. On the top floor, a private rooftop deck provides incredible city views and luxurious lounging areas with custom furniture, as well as a barbecue. Slate Residences represents a unique opportunity for an investor to acquire a true “turn-key” investment completed in 2020 in a convenient and dynamic location in San Francisco.
San Francisco is recognized worldwide for its spectacular physical beauty, culture, business opportunities and professional sports teams. It also acts as the administrative, financial, cultural and services hub for the West Coast. San Francisco’s cost-of-living, however, is one of the most expensive in the nation, due in part to the tight housing market and elevated cost of goods and services. The metro also has one of the highest discretionary income levels in the U.S., as a result of the area’s educated workers and its large concentration of jobs in well-paying industries. Cultural and recreational opportunities abound, including a theater district, symphony, opera and more than 20 museums.
San Francisco is recognized worldwide for its spectacular physical beauty, culture, business opportunities and professional sports teams. It also acts as the administrative, financial, cultural and services hub for the West Coast. San Francisco’s cost-of-living, however, is one of the most expensive in the nation, due in part to the tight housing market and elevated cost of goods and services. The metro also has one of the highest discretionary income levels in the U.S., as a result of the area’s educated workers and its large concentration of jobs in well-paying industries. Cultural and recreational opportunities abound, including a theater district, symphony, opera and more than 20 museums.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $683,676 | $46.24 |
Other Income | $25,454 | $1.72 |
Vacancy Loss | $37,602 | $2.54 |
Effective Gross Income | $671,528 | $45.42 |
Taxes | $104,573 | $7.07 |
Operating Expenses | $140,871 | $9.53 |
Total Expenses | $245,444 | $16.60 |
Net Operating Income | $426,084 | $28.82 |
Financial Summary (Pro forma - 2024)
Gross Rental Income | |
---|---|
Annual | $683,676 |
Annual Per SF | $46.24 |
Other Income | |
---|---|
Annual | $25,454 |
Annual Per SF | $1.72 |
Vacancy Loss | |
---|---|
Annual | $37,602 |
Annual Per SF | $2.54 |
Effective Gross Income | |
---|---|
Annual | $671,528 |
Annual Per SF | $45.42 |
Taxes | |
---|---|
Annual | $104,573 |
Annual Per SF | $7.07 |
Operating Expenses | |
---|---|
Annual | $140,871 |
Annual Per SF | $9.53 |
Total Expenses | |
---|---|
Annual | $245,444 |
Annual Per SF | $16.60 |
Net Operating Income | |
---|---|
Annual | $426,084 |
Annual Per SF | $28.82 |
Property Facts
Price | $8,500,000 | Building Class | B |
Price Per Unit | $531,250 | Lot Size | 0.09 AC |
Sale Type | Investment | Building Size | 16,864 SF |
No. Units | 16 | Average Occupancy | 94% |
Property Type | Multifamily | No. Stories | 5 |
Property Subtype | Apartment | Year Built | 2020 |
Apartment Style | Mid Rise |
Price | $8,500,000 |
Price Per Unit | $531,250 |
Sale Type | Investment |
No. Units | 16 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | B |
Lot Size | 0.09 AC |
Building Size | 16,864 SF |
Average Occupancy | 94% |
No. Stories | 5 |
Year Built | 2020 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wi-Fi
Site Amenities
- Controlled Access
- Package Service
- Bicycle Storage
- Elevator
- Online Services
- Sundeck
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
Studios | 1 | - | 394 |
1+1 | 8 | - | 538 - 625 |
2+1 | 1 | - | 781 |
2+1.5 | 1 | - | 893 |
2+2 | 2 | - | 914 - 940 |
2+2.5 | 3 | - | 983 - 1,004 |
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Rider's Paradise (99)
Bike Score ®
Biker's Paradise (99)
PROPERTY TAXES
Parcel Number | 3780-001 | Total Assessment | $11,655,166 (2023) |
Land Assessment | $2,509,914 (2023) | Annual Taxes | $104,573 ($6.20/SF) |
Improvements Assessment | $9,145,252 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
3780-001
Land Assessment
$2,509,914 (2023)
Improvements Assessment
$9,145,252 (2023)
Total Assessment
$11,655,166 (2023)
Annual Taxes
$104,573 ($6.20/SF)
Tax Year
2024
zoning
Zoning Code | UMU (Urban Mixed Use) |
UMU (Urban Mixed Use) |
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16-Unit Turn-Key SOMA Multifamily Opportunity | 911 Bryant St
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