370 Frederick StSan Francisco, CA 94117

Property Details for 370 Frederick St

Year built

1906

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

5,075 SF

Zone code

RH3

Property type

Apartment buildings

APN

1252 -025

APU

1252025

Description

This exceptional 5-unit apartment building, located at 370 Frederick Street in San Francisco's desirable Cole Valley neighborhood, presents a compelling investment opportunity. The property, built in 1906, offers 5,075 square feet across three stories and features a mix of unit sizes: one studio, two one-bedroom units, one three-bedroom/one-bathroom unit, and one four-bedroom/two-bathroom unit. All units will be delivered vacant, providing flexibility for the new owner. Each unit is separately metered for gas and electricity, equipped with gas and electric wall heaters, and benefits from an on-site coin-operated washer and dryer. The building boasts original architectural charm, characteristic of classic San Francisco apartments, and is well-maintained. The property sits on the north side of Frederick Street, between Carl and Clayton Streets, offering unparalleled convenience. It's steps from Whole Foods, UCSF, Kezar Stadium, and the vibrant restaurants, shops, and cafes of Cole Valley and the Haight District. Excellent public transportation, including numerous bus lines, tech shuttles, and the Carl & Cole NJudah Muni line, is within a one-block radius. With a pro-forma NOI of $155,118.95 and a pro-forma cap rate of 6.20%, this property offers a strong return on investment in a highly sought-after location. The asking price is $2,500,000, or $500,000 per unit, and the price per square foot is $493. This is a rare opportunity to acquire a stable income-generating asset with significant upside potential in one of San Francisco's most coveted neighborhoods. The building is a three-story wood-framed structure with a partial concrete and brick foundation, as per tax records.

• CAP approach

  CAP return

  Valuation

  6%

  $1,687,146

  6.5%

  $1,557,365

  7%

  $1,446,125

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,497,316

  Geo Method

  $2,193,976

• Alternative Use

  Use

  Valuation

  Residential

  $1,557,365

  Hospitality

  $1,426,538

  Educational

  $1,186,863

  Medical

  $1,227,681

  Retail

  $1,846,232

Location Insight

City

San Francisco

County

San Francisco

State

California

Latitude

37.767

Longitude

-122.45

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].