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110 Gardenside Dr 17 Unit Apartment Building $8,265,127 CAD ($486,184 CAD/Unit) 5.65% Cap Rate San Francisco, CA 94131
Investment Highlights
- 17-unit apartment building located in San Francisco’s Twin Peaks neighborhood.
- Completed soft-story seismic retrofit in 2016 for enhanced structural stability.
- Strong current financials with an in-place cap rate of 5.6% and 11.3 GRM.
- Located near major employment centers, public transit, and lifestyle amenities.
Executive Summary
110 Gardenside Drive is a 17-unit apartment building with 16-car garage parking located in Twin Peaks. All 17 units have private decks, many of which offer sweeping, east-facing views of the SF skyline, Noe Valley, and the Mission District. The unit mix consists of three (3) studios, 12 1-bedrooms, and two (2) 2-bedroom units. Eight (8) units have updated kitchens and bathrooms. Two units will be delivered vacant. The property is powered with 600 amps. The units are separately metered for electricity with electric baseboard heaters. The soft-story retrofit was completed in 2016.
The property is grossing $528,000/year (assuming a projected rent for the vacant units and implementation of rent increases). This equates to an attractive 11.3 GRM and 5.6% cap rate, with 27% rental upside. 110 Gardenside is a well-maintained, stable asset with achievable upside.
The property is grossing $528,000/year (assuming a projected rent for the vacant units and implementation of rent increases). This equates to an attractive 11.3 GRM and 5.6% cap rate, with 27% rental upside. 110 Gardenside is a well-maintained, stable asset with achievable upside.
Property Facts
| Price | $8,265,127 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $486,184 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 5.65% | Building Size | 15,645 SF |
| Gross Rent Multiplier | 11.3 | Average Occupancy | 95% |
| No. Units | 17 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1975/2016 |
| Property Subtype | Apartment | Parking Ratio | 0.47/1,000 SF |
| Zoning | RH-2, San Francisco - Medium Density Residential | ||
| Price | $8,265,127 CAD |
| Price Per Unit | $486,184 CAD |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| Gross Rent Multiplier | 11.3 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 15,645 SF |
| Average Occupancy | 95% |
| No. Stories | 4 |
| Year Built/Renovated | 1975/2016 |
| Parking Ratio | 0.47/1,000 SF |
| Zoning | RH-2, San Francisco - Medium Density Residential |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
Site Amenities
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 12 | - | - |
| 2+1 | 2 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2854-007 | Improvements Assessment | $2,083,161 CAD |
| Land Assessment | $3,124,801 CAD | Total Assessment | $5,210,547 CAD |
Property Taxes
Parcel Number
2854-007
Land Assessment
$3,124,801 CAD
Improvements Assessment
$2,083,161 CAD
Total Assessment
$5,210,547 CAD
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110 Gardenside Dr
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