1745 Market StSan Francisco, CA 94103

Property Details for 1745 Market St

Year built

1909

Construction

WOOD FRAME

Lot size

0.31 AC

Property size (Sq ft)

46,928 SF

Zone code

NCT3

Property type

Apartment buildings

APN

3503 -005

APU

3503005

Description

This exceptional mixed-use property at 1745 Market Street in San Francisco, CA 94103, presents a compelling investment opportunity. The 57,448 square foot building boasts a prime corner location, situated within walking distance of Hayes Valley, the Lower Haight, Civic Center, and the Mission District, offering convenient access to upscale boutiques, renowned restaurants, and world-class cultural attractions including Opera Plaza, Davies Symphony Hall, The Warfield, and the Asian Art Museum. Superior commuting options are readily available via the Central Freeway, Muni, BART, and CalTrain. The building comprises 56 units: 48 residential (including 10 SROs, 13 studios, 22 one-bedrooms, and 3 two-bedrooms) and 8 commercial spaces totaling approximately 11,000 square feet. Recently renovated residential units feature modern upgrades such as laminate flooring and state-of-the-art kitchen appliances. Additional income streams are generated from two billboards and a cell antenna. Significant capital improvements have been completed, including seismic upgrades, exterior painting, common area renovations, a new entry gate/intercom system, security cameras, and an on-site laundry facility. The property sits on a 13,422 square foot lot and was built in 1909. The asking price is $16,000,000, representing a current cap rate of 7.78% and a pro-forma cap rate of 6.80%, with a current NOI of $901,557 and a pro-forma NOI of $1,284,478. A down payment of $9,450,000 is required. The current GRM is 12.09, and the pro-forma GRM is 9.64. This well-located, significantly renovated asset offers substantial income potential with upside as market demand recovers.

• CAP approach

  CAP return

  Valuation

  6%

  $15,600,862

  6.5%

  $14,400,796

  7%

  $13,372,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,845,527

  Geo Method

  $20,287,468

• Alternative Use

  Use

  Valuation

  Residential

  $14,400,796

  Hospitality

  $13,191,052

  Educational

  $10,974,800

  Medical

  $11,352,240

  Retail

  $17,071,912

Location Insight

City

San Francisco

County

San Francisco

State

California

Latitude

37.7719

Longitude

-122.423

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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