10 Brooklyn PL, San Francisco, CA 94108
10 Brooklyn PL, San Francisco, CA 94108
10 Brooklyn PL, San Francisco, CA 94108
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
Listed by Cris Lamas Urban Capital SF
$3,095,000
Est. payment /mo
13 Beds
4,740 SqFt
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Open House

Thu Sep 17, 11:00am - 1:00pm

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,740 sqft

Price per Sqft $652

MLS Listing ID 426160726

Bedrooms 13

HOA Y/N No

Year Built 1928

Lot Size 1,724 Sqft

Acres 0.0396

Property Sub-Type Multi Family

Property Description

10 Brooklyn Place is a fully occupied nine-unit apartment building situated on a quiet residential lane at the intersection of Nob Hill and Chinatown. The 4,740-square-foot, four-story property contains five 1BR/1BA apartments, two 2BR/1BA apartments, one studio and a renovated two-level 4BR/2BA residence leased for $9,000 per month. Offered at $3,095,000, the property provides immediate income and an attractive current return, with net operating income of $201,164, a 6.50% cap rate and a 9.75 GRM. The offering also represents a compelling entry basis of approximately $343,889 per unit and $653 per square foot. Built in 1928 of concrete construction on a concrete foundation, the professionally managed building features 400-amp electrical service, a new sewer lateral, a modified-bitumen roof replaced in 2025, shared coin-operated laundry and an established RUBS program. Current apartment rents total $24,723 per month, with approximately 22% upside at market and an 8.42% pro forma cap rate. Near Grant Avenue, Union Square, the Financial District and North Beach, 10 Brooklyn Place offers investors a rare combination of current yield, income growth and a compelling per-unit basis in one of San Francisco's most walkable and transit-connected locations.

Location

State CA

County San Francisco

Area Sf District 8

Interior

Fireplace No

Building

Lot Description None

New Construction Yes

Others

Tax ID 0242023


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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Agent DRE01254724 / 01254725

Agent DRE01254724 / 01254725

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