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1927-1929 Taraval St 4 Unit Apartment Building $2,450,000 ($612,500/Unit) 7% Cap Rate San Francisco, CA 94116

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INVESTMENT HIGHLIGHTS

  • Non- Rent Controlled; Flexible Terms; Positive Income

EXECUTIVE SUMMARY

Investment Highlights:
Non-Rent-Controlled Fourplex – rare legal classification in San Francisco
$98,431 Annual Positive Cash Flow with today’s rates and conservative rent assumptions
Seller Financing Available – $1,000,000 carry + $500,000 down payment
Flexible Ownership Structure – buy entire building or split residential/commercial components
Located in Coveted Central Sunset – blocks to Ocean Beach and Muni lines
Owner-Occupant or Condo Conversion Ready – live in the large unit or split
?? Property Overview – 1927–1929 Taraval St, San Francisco
This unique four-unit mixed-use building offers a rare combination of flexibility, income, and upside potential.
Unit Breakdown:
Unit 1 (Large Residential): $4,950/month
Unit 2 (Small Residential - Commercial Use): $2,200/month
Unit 3 (Small Residential - Commercial Use): $3,300/month
Unit 4 (Commercial - Vacant): Market rent potential $5,000–$5,900/month
?? Income & Expense Summary
Low Estimate:
Total Monthly Rent: $15,450
Annual Gross Income: $185,400
Operating Expenses (6% management): $11,124
Net Operating Income (NOI): $174,276
?? Financing Scenario & Positive Cash Flow
Assuming buyer finances the $950,000 balance (after $1M seller carry + $500K down) at 7.00% interest for 30 years, monthly payments are:
Monthly Mortgage: $6,320
Annual Debt Service: $75,844
?? Annual Cash Flow Calculation:
NOI
=
$
174
,
276
Annual Mortgage Payments
=
$
75
,
844
Cash
 
Flow
 
(before
 
taxes)
=
$
174
,
276
-
$
75
,
844
=
$98,431
NOI=$174,276
Annual Mortgage Payments=$75,844
Cash Flow (before taxes)=$174,276-$75,844=$98,431
? Positive Income of $8,202/month or $98,431/year
This means that even after debt service, the investor walks away with nearly $100K per year in passive income, with the potential for more once the commercial unit rents at top market rate.
?? Key Metrics:
Metric Value (Low Estimate)
Cap Rate 7.11%
Cash-on-Cash Return (25% down) 28.45%
GRM (Gross Rent Multiplier) 13.2
GIM (Gross Income Multiplier) 13.2
These numbers are strong by any standard, and particularly rare for a property in one of San Francisco’s most stable and sought-after submarkets.
?? Endless Upside Potential
Live in the large residential unit and rent the others, or pursue condo conversion.
Lease out the vacant commercial storefront to a local business or office tenant.
Seller is flexible – willing to sell residential or commercial units separately at the right price.
?? Location, Location, Location
Positioned in the heart of the Sunset, this building offers:
Steps to Ocean Beach, Muni L-Taraval, Sunset Boulevard, and Golden Gate Park
High foot traffic and strong tenant demand
Walkable, transit-rich, and part of a historically high-appreciation corridor
?? Contact us today for financial models, OM (offering memorandum), or to schedule a tour.

PROPERTY FACTS

Price $2,450,000
Price Per Unit $612,500
Sale Type Investment
Cap Rate 7%
Gross Rent Multiplier 13.21
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.06 AC
Building Size 4,812 SF
Average Occupancy 67%
No. Stories 3
Year Built 1987
Parking Ratio 0.21/1,000 SF
Zoning NC-2, San Francisco - Neighborhood Commercial 2 zone, indicating areas suitable for small to medium-scale businesses

AMENITIES

UNIT AMENITIES

  • Hardwood Floors

SITE AMENITIES

  • Waterfront
  • Trash Pickup - Curbside
  • Bicycle Storage
  • Public Transportation

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 1 - 800
1+1 1 - 802
3+1 1 - 802
4+3 1 - 1,604
Walk Score®
Walker's Paradise (93)
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
2396-039
Land Assessment
$1,108,279
Improvements Assessment
$600,317
Total Assessment
$1,708,596
  • Listing ID: 36048243

  • Date on Market: 5/30/2025

  • Last Updated:

  • Address: 1927-1929 Taraval St, San Francisco, CA 94116

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