510 Page Street, San Francisco, CA 94117

Property Description

510 Page Street offers an opportunity to acquire a well-maintained six- unit multifamily property in San Francisco's desirable Lower Haight/Hayes Valley neighborhood. Built in 1913, the property consists of approximately 5,508 square feet on a 0.07-acre lot and features six spacious two-bedroom, one-bathroom units. With full occupancy and a strong rental location, the property offers investors immediate cash flow and long-term investment potential. Offered at $3,500,000, the property is priced at approximately $583,333 per unit and $635 per square foot. The building generates approximately $189,719 in annual Net Operating Income, representing a 5.42% in-place capitalization rate. Its fully occupied status provides a stable income stream from day one. In addition to its existing cash flow, the property offers considerable rental upside, with current rents approximately 30% below market. In- place rents total $22,963 per month, compared to estimated market rents of $33,000 per month, presenting an opportunity to increase income as units turn over. At market rents, the property is projected to achieve an 8.59% pro forma capitalization rate. Situated in the heart of Hayes Valley, 510 Page Street is conveniently located near neighborhood restaurants, shops, parks, and public transportation, with easy access to downtown San Francisco and surrounding employment centers. Combining a desirable unit mix, consistent occupancy, and significant rental upside, the property presents an attractive opportunity for investors seeking both stable income and future growth in one of San Francisco's most sought-after neighborhoods.