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926-932 Larkin St 10 Unit Apartment Building $1,600,000 ($160,000/Unit) 5.97% Cap Rate San Francisco, CA 94109

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INVESTMENT HIGHLIGHTS

  • New Long Term Aria Korean Street Food Lease
  • Banked Rents Available
  • One 2bed-2ba, 9 Studios & 1 Commercial
  • Updated Electrical

EXECUTIVE SUMMARY

Exceptional investment with 9 studios, one 2bed/2bath apartment and 1 commercial space. The property 4,553 SF of masonry consruction built in 1916, and seismically retrofitted in 2003, The property is zoned RC-4 and offers stability with 100% occupancy and substantial immediate banked rents available for the new owner to implement. No Residential Unit has received a Rent Increase during the entire tenancy.
Well maintained property by long time owner. The property is currently master metered for PG&E with individual meters ready to hook-up upon turnover.

PROPERTY FACTS

Price $1,600,000
Price Per Unit $160,000
Sale Type Investment
Cap Rate 5.97%
Gross Rent Multiplier 9.41
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.05 AC
Building Size 4,553 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1916/2003
Zoning RC4

AMENITIES

SITE AMENITIES

  • Smoke Free

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 10 - 554
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (89)
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
0302-016
Land Assessment
$287,394
Improvements Assessment
$383,200
Total Assessment
$671,014
  • Listing ID: 33932980

  • Date on Market: 11/20/2024

  • Last Updated:

  • Address: 926-932 Larkin St, San Francisco, CA 94109

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