1927-1929 Taraval St - Apartments FOR SALE


San Francisco, CA 94116- Central Sunset
$2,450,000 USD
415-910-6852
1927-1929 Taraval St, San Francisco, CA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/71
null | 6.34% Cap Rate

1927-1929 Taraval St
San Francisco, CA 94116
Central Sunset


HIGHLIGHTS

  • Built in 1987, rent control exempt, providing operational flexibility and a newer construction profile relative to the area’s housing stock.
  • 100% leased mixed-use property comprising one commercial space and three residential units for diversified, stabilized income.
  • Located in the Sunset District near Ocean Beach, Golden Gate Park, public transportation, and major thoroughfares.

OVERVIEW

1927–1929 TARAVAL STREET 1927–1929 Taraval Street presents a rare opportunity to acquire a stabilized mixed-use investment property located in San Francisco's highly desirable Sunset District, just minutes from Ocean Beach, the Pacific Ocean coastline, Golden Gate Park, neighborhood retail services, public transportation, restaurants, and major commuter routes. The property consists of four income-producing units, including one commercial unit and three residential units, providing diversified residential and commercial income from multiple tenancy sources while reducing dependence on a single tenant category. Investment Highlights Purchase Price: $2,495,000 Gross Scheduled Rental Income: $184,920 annually Additional Water Reimbursements: $6,240 annually Effective Gross Income: Approximately $191,160 annually Estimated Net Operating Income: Approximately $155,426 annually Estimated Capitalization Rate: Approximately 6.23% Gross Rent Multiplier (GRM): Approximately 13.49 Price Per Square Foot: Approximately $518.50 Four Income-Producing Units Three Residential + One Commercial Long-Term Commercial Lease Through June 2031 Long-Term Residential Lease Through June 2031 One Month-to-Month Residential Unit Providing Future Operational Flexibility The offering currently produces Gross Scheduled Rental Income of $184,920 annually, supplemented by $6,240 annually in tenant-paid water reimbursements, resulting in Effective Gross Income of approximately $191,160 annually. Current Annual Rental Income Commercial Unit $4,960 per month $59,520 annually Unit 3 $4,950 per month $59,400 annually Unit 2 $2,200 per month $26,400 annually Unit 1 $3,300 per month $39,600 annually Total Gross Scheduled Rental Income $184,920 annually Additional Annual Water Reimbursements Commercial Unit $2,400 annually Unit 3 $2,400 annually Unit 2 $1,440 annually Total Water Reimbursements $6,240 annually Effective Gross Income Approximately $191,160 annually The property's income stream is supported by a combination of long-term contractual tenancy and future operational flexibility. The commercial unit is leased through June 4, 2031 and currently generates $4,960 per month. The lease includes 2% annual rent increases together with one additional five-year renewal option. The tenant also reimburses a fixed monthly water allocation, contributing additional operating income. The commercial tenancy includes exclusive use of an enclosed one-car garage, currently utilized by the tenant for operational storage, providing additional functionality for the business. Unit 3 is leased through June 4, 2031 at $4,950 per month, providing additional long-term income stability while reducing near-term leasing risk. Unit 2 generates $2,200 per month, providing reliable cash flow while allowing future ownership to evaluate market conditions upon lease expiration. Unit 1 currently operates on a month-to-month tenancy and generates $3,300 per month. This tenancy provides future flexibility for ownership regarding leasing strategy, owner occupancy, rent adjustments, or repositioning opportunities, subject to applicable laws and regulations. Income Analysis Effective Gross Income $191,160 Property Taxes ($21,015) Management Expense ($8,719) Estimated Insurance ($6,000) Estimated Net Operating Income $155,426 Estimated Capitalization Rate Approximately 6.23% Gross Rent Multiplier Approximately 13.49 Based upon approximately 4,812 square feet of building area, the purchase price equates to approximately $518.50 per square foot, offering attractive pricing for a stabilized mixed-use investment in one of San Francisco's most desirable neighborhoods. According to public records, the building contains approximately 4,812 square feet and was constructed in 1987. Compared with many older San Francisco income properties, this newer reported construction date places the asset among the more recent mixed-use investment opportunities within the Sunset District. The Sunset District continues to benefit from strong long-term residential demand, convenient transportation infrastructure, neighborhood commercial services, recreational amenities, and direct proximity to Ocean Beach and the Pacific Ocean. Limited land availability together with significant barriers to new development contribute to the long-term scarcity of quality investment opportunities within this highly established neighborhood. Investors are acquiring substantially more than an existing rent roll. They are acquiring a stabilized mixed-use asset with diversified income sources, contractual lease income extending through 2031, immediate positive cash flow, future operational flexibility, ocean-proximate real estate, and ownership within one of San Francisco's most supply-constrained neighborhoods. For qualified purchasers, the Seller may consider carrying up to approximately $495,000 of the purchase price under mutually acceptable terms. Seller financing is intended to provide additional acquisition flexibility for qualified buyers while reducing reliance on conventional financing. Opportunities to acquire stabilized mixed-use properties combining diversified income, long-term lease security, positive cash flow, operational flexibility, and an irreplaceable Sunset District location are increasingly uncommon. 1927–1929 Taraval Street offers investors an exceptional combination of current income, contractual lease stability, future flexibility, and long-term appreciation potential within one of San Francisco's strongest coastal neighborhoods.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$509 USD /SF

# OF UNITS

4

PRICE/UNIT

$612,500

CAP RATE

6.34%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

NC-2, San Francisco

APN/PARCEL ID

2396-039

ASK ABOUT THIS PROPERTY

Arash KhalatbariExtramile Property Management Company IncMore Info
415-910-6852

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Arash KhalatbariExtramile Property Management Company IncMore Info
415-910-6852

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.