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Investment Highlights

  • Shovel Ready ADU | Value-Add Opportunity
  • Unit mix: (2) 2bd/1ba + (1) 4bd/2ba + 1 Commercial
  • Separately metered for WATER and Gas & Electric - Extremely Low Operating Expenses
  • Stable in-place income with clear upside - 11.5%+ Proforma Cap Rate
  • WalkScore 98 — major retail, food, and transit steps away. High-demand Mission District location

Executive Summary

Delivered vacant: 1-bedroom-plus-den unit at 3173 21st Street is ready for a new owner to set market rent from day one.
3173-3173A 21st Street is a 4-unit property with three residential apartments and an ADA-compliant ground-floor commercial space. The residential mix includes the vacant 1-bedroom, 1-bath plus den, a 2-bedroom, 1-bath, and a spacious 4-bedroom, 2-bath. The commercial space operates as a hair salon and is leased at $2,799 per month on a 3-year lease signed in October 2025.
A shovel-ready 1-bedroom ADU sits on the ground floor, ready for a future owner to finish and add income. With the existing units brought to market rents and the ADU completed, there is roughly 60% upside in the current rent roll.
Separate individual water meters and new 400 amp electrical service keep operating expenses low, making this a strong opportunity for an investor seeking stable income with real growth potential.

Data Room Click Here to Access

Financial Summary (Pro Forma - 2026) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
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 (Pro Forma - 2026) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
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 $1,750,000
Price Per Unit $437,500
Sale Type Investment
Cap Rate 5.85%
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Building Class C
Lot Size 0.05 AC
Building Size 3,800 SF
Average Occupancy 75%
No. Stories 3
Year Built/Renovated 1900/2018
Zoning NC3

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 $1,736 600
4+2 1 $4,600 1,300
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
3615-031B
Land Assessment
$382,807 (2025)
Improvements Assessment
$332,013 (2025)
Total Assessment
$714,820 (2025)
  • Listing ID: 36356008

  • Date on Market: 6/23/2025

  • Last Updated:

  • Address: 3173 21st St, San Francisco, CA 94110

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