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Prime 16-Unit Nob Hill Multifamily – 6.1% Cap 1627-1631 Clay St 16 Unit Apartment Building $2,495,000 ($155,938/Unit) 6.19% Cap Rate San Francisco, CA 94109
Investment Highlights
- Prime Nob Hill location near Polk Street retail & transit
- 1 large 6BD/5BA flat + guest suite + 14 SROs
- 6.08% cap current; ~11.48% pro-forma at market
- Soft-story retrofit completed in 2019; fire-alarm compliant
- ~47% rent growth potential; banked rents available
- Low basis: ~$246/SF and ~$156k per unit
Executive Summary
16-unit multifamily in San Francisco’s Nob Hill. Seismically retrofitted asset with strong income and 47% rent upside. Offered at $2.495M | 6.08% cap.
1627–1631 Clay Street is a 16-unit apartment building centrally located in San Francisco’s Nob Hill between Polk and Larkin. The property includes one expansive 6-bed/5-bath flat (~3,800 SF), a private 3-room guest suite, and fourteen SRO rooms across the upper floors with renovated shared kitchens and updated baths. Several SROs feature private baths and in-room kitchenettes. Seismically retrofitted (soft-story 2019) and fire-alarm compliant, the 10,160 SF building delivers strong in-place cash flow with banked rents and ~47% rent upside. Current income of ~$283,985 supports a 6.08% cap; pro-forma projects ~11.48% cap at market. Offered at $2,495,000 ($246/SF; $155,938/unit).
1627–1631 Clay Street is a 16-unit apartment building centrally located in San Francisco’s Nob Hill between Polk and Larkin. The property includes one expansive 6-bed/5-bath flat (~3,800 SF), a private 3-room guest suite, and fourteen SRO rooms across the upper floors with renovated shared kitchens and updated baths. Several SROs feature private baths and in-room kitchenettes. Seismically retrofitted (soft-story 2019) and fire-alarm compliant, the 10,160 SF building delivers strong in-place cash flow with banked rents and ~47% rent upside. Current income of ~$283,985 supports a 6.08% cap; pro-forma projects ~11.48% cap at market. Offered at $2,495,000 ($246/SF; $155,938/unit).
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 Under Contract
Amenities
Site Amenities
- Public Transportation
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (93)
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 0621-021 | Total Assessment | $3,065,081 (2025) |
| Land Assessment | $1,838,783 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,225,851 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
0621-021
Land Assessment
$1,838,783 (2025)
Improvements Assessment
$1,225,851 (2025)
Total Assessment
$3,065,081 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Prime 16-Unit Nob Hill Multifamily – 6.1% Cap | 1627-1631 Clay St
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