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1040-1042 Howard St 9 Unit Apartment Building $3,355,569 CAD ($372,841 CAD/Unit) 5.98% Cap Rate San Francisco, CA 94103
Executive Summary
1040 Howard Street is a nine-unit mixed-use property located on a strong block in SOMA. This turn-key asset has been professionally managed and well-maintained, offering an excellent investment opportunity. The property consists of four one-bedroom units, four studios, and a large ground-floor commercial space.
The commercial space will be delivered vacant and occupies the entire ground floor of the building. It features a large open area upon entry, a full kitchen, in-unit laundry, and three additional rooms that could serve as private offices. Alternatively, a new owner may explore the potential to convert the space to a residential unit, for which the layout is well-suited.
Most of the residential units have been tastefully updated in recent years. Improvements include tile kitchen floors, stone countertops, LVT flooring, and select newer windows. Common areas are well-maintained.
The main electrical indicates 400 amps of service, and all units are separately metered for gas and electricity. It is flanked on both sides by a nonprofit that provides a positive and stabilizing presence on the block.
Overall, this is a compelling opportunity to acquire a turn-key mixed-use building with upside
potential at an attractive entry-level price point.
The commercial space will be delivered vacant and occupies the entire ground floor of the building. It features a large open area upon entry, a full kitchen, in-unit laundry, and three additional rooms that could serve as private offices. Alternatively, a new owner may explore the potential to convert the space to a residential unit, for which the layout is well-suited.
Most of the residential units have been tastefully updated in recent years. Improvements include tile kitchen floors, stone countertops, LVT flooring, and select newer windows. Common areas are well-maintained.
The main electrical indicates 400 amps of service, and all units are separately metered for gas and electricity. It is flanked on both sides by a nonprofit that provides a positive and stabilizing presence on the block.
Overall, this is a compelling opportunity to acquire a turn-key mixed-use building with upside
potential at an attractive entry-level price point.
Property Facts
| Price | $3,355,569 CAD | Property Subtype | Apartment |
| Price Per Unit | $372,841 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.98% | Building Size | 6,540 SF |
| Gross Rent Multiplier | 11.1 | No. Stories | 3 |
| No. Units | 9 | Year Built | 1914 |
| Property Type | Multifamily | ||
| Zoning | SLR, San Francisco | ||
| Price | $3,355,569 CAD |
| Price Per Unit | $372,841 CAD |
| Sale Type | Investment |
| Cap Rate | 5.98% |
| Gross Rent Multiplier | 11.1 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,540 SF |
| No. Stories | 3 |
| Year Built | 1914 |
| Zoning | SLR, San Francisco |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (98)
Property Taxes
| Parcel Number | 3726-018 | Improvements Assessment | $1,529,383 CAD |
| Land Assessment | $821,213 CAD | Total Assessment | $2,350,832 CAD |
Property Taxes
Parcel Number
3726-018
Land Assessment
$821,213 CAD
Improvements Assessment
$1,529,383 CAD
Total Assessment
$2,350,832 CAD
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1040-1042 Howard St
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