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89 Heather Ave 12 Unit Apartment Building Offered at $3,995,000 at a 5% Cap Rate San Francisco, CA 94118
Executive Summary
Located on a quiet residential block in one of the city's most desirable rental neighborhoods, 89 Heather Avenue presents a rare opportunity to acquire a well-maintained 12-unit apartment building with significant income upside. Situated in the highly sought-after Jordan Park / Laurel Heights area of San Francisco, the property offers strong in-place cash flow combined with future rental growth potential. Built in 1951, the three-story building consists of twelve spacious one-bedroom / one-bathroom apartments, all featuring identical floor plans with four well-proportioned rooms. Each unit includes individual gas forced-air heating and gas stoves, as well as hardwood floors throughout. Seven units have been remodeled, including updated electrical subpanels, while the remaining units retain original fuse-based electrical panels. The rear of the building has dual-pane windows, while the front maintains single-pane windows. Pillow test fire alarm sounders were completed approximately six years ago. A seismic retrofit has been completed with CFC issued.
Property Facts
| Price | $3,995,000 | No. Units | 12 |
| Price Per Unit | $332,917 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 9,678 SF |
| Cap Rate | 5% | No. Stories | 3 |
| Gross Rent Multiplier | 12.4 | Year Built | 1951 |
| Price | $3,995,000 |
| Price Per Unit | $332,917 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 12.4 |
| No. Units | 12 |
| Property Type | Multifamily |
| Building Size | 9,678 SF |
| No. Stories | 3 |
| Year Built | 1951 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
70/100
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89 Heather Ave
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