1595 Noe St, San Francisco, CA

Name: 1595 Noe St, For Sale in San Francisco - Zoocasa
Brand: Marcus & Millichap
SKU: 426171686
Price: 3050000 USD

House

For Sale

Listed price in listed location currency (USD).

$3,050,000

605

MLS® 426171686

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 7290 sqft

Garage Yes

Taxes

Days Active 1

Lot Size 0.0699 Acres

Approx. Age 1928

Avg. Price Per Sqft $418

MLS® Number 426171686

Property Address: 1595 Noe St, San Francisco, CA, 94131-2364

Average square foot calculated using Size range provided by listing agent.

Description

Situated on a prominent corner in the heart of Noe Valley, 1595 Noe Street presents an exceptional opportunity to acquire an 11-unit multifamily property in one of San Francisco's most desirable residential neighborhoods. Originally constructed in 1928, the building encompasses approximately 7, 290 square feet and benefits from an attractive corner setting, a highly sought-after location, and substantial opportunities for future value creation. Offered at $3, 050, 000, or approximately $277, 273 per unit, the property provides investors with an attractive combination of immediate cash flow and significant rental upside. The building currently generates $149, 257 in annual net operating income, representing a 4.89% in-place capitalization rate. Existing residential rents total approximately $19, 044 per month, compared to estimated market rents of $32, 800, reflecting a 42% discount to market. This considerable loss-to-lease presents an opportunity for long-term income growth as units turn over and rents are brought closer to market levels, subject to applicable rental regulations. Beyond the rental upside, the property offers several additional avenues for value creation. A spacious four- to five-car garage will be delivered vacant, providing immediate flexibility for a new owner, while several existing unwarranted units present further potential for investors willing to explore their legal status and opportunities for improvement or legalization, subject to City approvals. Together, these features offer multiple paths to enhance the property's utility, income, and overall value. On a stabilized basis, the property is projected to generate approximately $301, 371 in annual net operating income, representing a compelling 9.88% pro forma capitalization rate. With its strong corner location, substantial rental upside, vacant garage, and additional improvement potential, 1595 Noe Street offers a rare opportunity to acquire a well-located San Francisco apartment building with meaningful value yet to be realized.

MLS® Number426171686

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1928

Basement

DrivewayAttached, Garage, Inside Entrance

Garage Spaces

Heat

A/C

Extras

Map

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