1338-1348 Larkin St
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1338-1348 Larkin St
6 Unit Apartment Building $6,317,916 CAD ($1,052,986 CAD/Unit) 4.32% Cap Rate San Francisco, CA 94109
INVESTMENT HIGHLIGHTS
- Excellently maintained
- Rental upside
- Premium Nob Hill location
- Large units
- Parking garage
- 1 Unit delivered vacant
EXECUTIVE SUMMARY
Touchstone Commercial Partners, Inc. is pleased to offer investors the opportunity to purchase the fee simple interest in 1338-1348 Larkin Street.
The subject property consists of three (3) 3bd/2ba units and three (3) 2bd/2ba units. There are five parking spaces in the ground floor garage. Around the corner from Trader Joes and just steps to bars and restaurants on the Polk Street corridor, this property is well located in the heart of Nob Hill. This impeccably maintained property delivers stable in-place income and plenty of upside. Unit 1340 will be delivered vacant at close.
The subject property consists of three (3) 3bd/2ba units and three (3) 2bd/2ba units. There are five parking spaces in the ground floor garage. Around the corner from Trader Joes and just steps to bars and restaurants on the Polk Street corridor, this property is well located in the heart of Nob Hill. This impeccably maintained property delivers stable in-place income and plenty of upside. Unit 1340 will be delivered vacant at close.
PROPERTY FACTS
| Price | $6,317,916 CAD | Property Subtype | Apartment |
| Price Per Unit | $1,052,986 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 4.32% | Building Size | 8,949 SF |
| Gross Rent Multiplier | 15.3 | No. Stories | 3 |
| No. Units | 6 | Year Built | 1909 |
| Property Type | Multifamily |
| Price | $6,317,916 CAD |
| Price Per Unit | $1,052,986 CAD |
| Sale Type | Investment |
| Cap Rate | 4.32% |
| Gross Rent Multiplier | 15.3 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 8,949 SF |
| No. Stories | 3 |
| Year Built | 1909 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 3 | - | 1,500 |
| 3+2 | 3 | - | - |
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Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (99)
PROPERTY TAXES
| Parcel Number | 0250-015 | Improvements Assessment | $776,024 CAD |
| Land Assessment | $673,629 CAD | Total Assessment | $1,449,653 CAD |
PROPERTY TAXES
Parcel Number
0250-015
Land Assessment
$673,629 CAD
Improvements Assessment
$776,024 CAD
Total Assessment
$1,449,653 CAD
ZONING
| Zoning Code | RM3 |
| RM3 |
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1338-1348 Larkin St
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