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Fatemah Nikchehi (nik-chee)

fnikchehi@gmail.com +1(415) 756-4418

Listed by Haley Zhao Andersen, Jung & Co.

$ 1,850,000

Est. payment | -/mo

7 Beds

4 Baths

1,389 Sqft Lot

Save

$ 1,850,000

Est. payment | -/mo

Save

7 Beds

4 Baths

1,389 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 426125508

Style Traditional

Bedrooms 7

Full Baths 4

HOA Y/N No

Year Built 1909

Lot Size 1,389 Sqft

Acres 0.0319

Property Sub-Type Multi Family

Property Description

Held under the same family ownership for nearly 50 years, 37-41 John St. is a well-maintained 1909 apartment building located at the intersection of North Beach, Chinatown, and Nob Hill. Offered at $1,850,000, this 7 unit property is priced at approximately $264,000 per unit, presenting a rare entry point for San Francisco multifamily investors. The property features five tenant-occupied units and two vacant units, creating immediate leasing and value-add opportunities. The unit mix consists primarily of one-bedroom, one-bath layouts, several of which have been remodeled or updated. Major capital improvements have already been completed, including a soft-story seismic retrofit in 2022, full exterior repainting in 2024, and approximately $40,800 in interior renovations in 2025. At current rents, the property generates approximately $64,600 in annual NOI. At projected stabilized rents, the property is projected to achieve a 10.60% cap rate, 8.11 GRM, and approximately $225,579 in annual gross income. With Walk Score and Transit Score ratings of 100, residents enjoy immediate access to MUNI, cable cars, world-class dining, neighborhood retail, and major employment centers. Full offering memorandum, rent roll, income and expense statements, and disclosures available upon request. Buyer to independently verify all property information.

Location

State CA

County San Francisco

Area Sf District 8

Zoning RH-3

Rooms

Basement Unfinished

Interior

Heating Baseboard, Hot Water

Flooring Luxury Vinyl Plank, Wood

Fireplace No

Window Features Dual Pane Partial,Screens

Appliance Free-Standing Gas Range, Free-Standing Refrigerator, Other

Laundry Common Area

Exterior

Utilities Available Cable Available, City, Electricity Available, Internet Available, Natural Gas Connected

View City, City Lights, Downtown, Park/Greenbelt, San Francisco, Water

Roof Type Asphalt

Handicap Access Grab Bars

Building

Lot Description Shape Regular

Story 4

Sewer Public Sewer

Water Public, Water District

Architectural Style Traditional

Level or Stories Four

New Construction Yes

Schools

School District San Francisco

Others

Tax ID 0180027

Nearby Locations

GET MORE INFORMATION

Fatemah Nikchehi (nik-chee)

Broker Associate | Lic# 01703928

fnikchehi@gmail.com

+1(415) 756-4418

951 Highland Point Dr Ste 250, Roseville, CA, 95678, USA

37-41 John ST San Francisco, CA 94133

Fatemah Nikchehi (nik-chee)

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

37-41 John ST