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El Prado Apartments 101 Point Lobos Ave 32 Unit Apartment Building $11,500,000 ($359,375/Unit) 4.35% Cap Rate San Francisco, CA 94121
Investment Highlights
- Stabilized 32-unit Asset: Offered at $11,500,000 with strong in-place cash flow and embedded rent growth.
- Value-Add Opportunity: Including interior renovations that could achieve 15–25% rent premiums, plus common area enhancements.
- Organic Upside Through Turnover: With market-rate leasing potential in the supply-constrained Outer Richmond near UCSF.
- Strong Physical Fundamentals: With well-maintained exterior and period detailing — allowing capital to focus on value creation, not deferred maintenan
Executive Summary
El Prado Apartments is a distinguished 1920s Spanish Colonial Revival multifamily property located at 101 Point Lobos Avenue in San Francisco’s Outer Richmond, positioned at the gateway to Land’s End. From its elevated corner setting, the graceful five-story building enjoys sweeping city and coastal views.
Defined by its terracotta tile roofline, arched entries, ornate façade detailing, and hand-painted Talavera tile entrance plaque, the property exemplifies the era’s finest residential architecture. Comprised of 32 well-proportioned units, the building reflects the characteristics of San Francisco’s highly desirable housing stock, with a blend of tenancy profiles and long-term neighborhood stability supported by proximity to UCSF and abundant outdoor amenities.
El Prado offers a rare opportunity to acquire a trophy asset in one of the city’s most established and desirable residential corridors.
Defined by its terracotta tile roofline, arched entries, ornate façade detailing, and hand-painted Talavera tile entrance plaque, the property exemplifies the era’s finest residential architecture. Comprised of 32 well-proportioned units, the building reflects the characteristics of San Francisco’s highly desirable housing stock, with a blend of tenancy profiles and long-term neighborhood stability supported by proximity to UCSF and abundant outdoor amenities.
El Prado offers a rare opportunity to acquire a trophy asset in one of the city’s most established and desirable residential corridors.
Property Facts
| Price | $11,500,000 | Building Class | B |
| Price Per Unit | $359,375 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 29,700 SF |
| Cap Rate | 4.35% | Average Occupancy | 100% |
| No. Units | 32 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Parking Ratio | 0.07/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | RH2 - RH-2 (Residential, House - Two Family) zoning in San Francisco designates areas primarily for detached or semi-detached single-family homes | ||
| Price | $11,500,000 |
| Price Per Unit | $359,375 |
| Sale Type | Investment |
| Cap Rate | 4.35% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 29,700 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1928 |
| Parking Ratio | 0.07/1,000 SF |
| Zoning | RH2 - RH-2 (Residential, House - Two Family) zoning in San Francisco designates areas primarily for detached or semi-detached single-family homes |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Refrigerator
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 25 | - | 500 |
| 1+1 | 7 | - | 650 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 1492-001 | Improvements Assessment | $3,466,705 |
| Land Assessment | $5,200,070 | Total Assessment | $8,702,615 |
Property Taxes
Parcel Number
1492-001
Land Assessment
$5,200,070
Improvements Assessment
$3,466,705
Total Assessment
$8,702,615
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El Prado Apartments | 101 Point Lobos Ave
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