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31642353
31642354

78 Parker Avenue, San Francisco, CA 94118

RO
CA 02122038
Colliers - San Francisco, California
DD
CA 01963487
Colliers - San Francisco, California
Listed by Colliers - San Francisco, California
$4,350,000
51 days on market
Updated 50 days ago

78 Parker Avenue

Details
APN 1036-022
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,718
Units 7
Cap Rate 4.50%
NOI $195,895
Tenancy Multi
Pro-Forma Cap Rate 6.23%
Pro-Forma NOI $271,100
Price per SqFt $648
Year Built 1928
Stories 3
Lot Size (SqFt) 3,600
Zoning RH-2
Parking Spaces 2 spaces
Parking Per SqFt 0.30
Investment Type Value Add

Multifamily | 4.50% CAP | 7 Units

Marketing description

Situated on a prime residential block in Laurel Heights, 78 Parker Avenue presents a well-positioned multifamily investment opportunity in one of San Francisco's most desirable and consistently strong rental neighborhoods. The property offers a quiet, tree-lined setting with close proximity to premier dining, retail, and neighborhood amenities.

The subject property consists of a 7-unit apartment building featuring a unit mix of one (1) studio, four (4) one-bedroom units, and two (2) two-bedroom units, offering a balanced and highly rentable configuration. Units feature functional layouts with hardwood flooring, strong natural light, and classic San Francisco charm, with select units updated with modern kitchens and bathrooms.

Additional highlights include two (2) on-site parking spaces and on-site laundry. The property has completed the city's mandatory soft-story seismic retrofit program helping to limit near-term capital needs.

Ideally located near the Presidio, Laurel Village, Clement and the Sacramento Street retail corridors, the property offers convenient access to parks, neighborhood amenities, and public transportation along California Street, Geary Boulevard, and Park Presidio, supporting strong tenant demand and long-term neighborhood appeal.

Investment highlights

  • Building COMPLETED on Mandatory Earthquake Retrofit Wood Frame Building Program
  • Building is NOT compliant with the Fire Alarm Sleeping Room Ordinance (2013 - NFPA 72 Section 18.4.1)
  • Two (2) on-site parking spaces
  • On-site laundry
  • Hardwood flooring throughout units
  • Strong natural light
  • Classic San Francisco charm
  • Select units updated with modern kitchens and bathrooms
  • Functional layouts
  • Bay windows with blinds
  • Granite countertops in kitchens
  • Dishwashers
  • Over/Under refrigerators

Listing Contacts

RO
CA 02122038
Colliers - San Francisco, California
DD
CA 01963487
Colliers - San Francisco, California
Listed by Colliers - San Francisco, California

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$195,895.00
$16,324.58/mo

Valuation Metrics

0
DSCR
4.5%
Cap Rate
4.5%
ROI

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Additional Information

Name
Ryan O'Keefe
License
02122038
Brokerage
Colliers
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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