San Francisco 2019 Mid-Year Report: 5+ Unit Market

February 12, 2019

The 5+ Unit Residential Investment Market

San Francisco Mid-Year 2019 Report

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The San Francisco 5+ multi-unit market had a strong finish to the first half of 2019. The median sale price for 5+ Unit buildings came in at just under $3.6 million in Q2, representing a 3.6% increase from Q2 2018. Transaction volume was slow in Q1, with 21 buildings sold – a notable decline from the same time last year, when 37 buildings were sold. Sales picked back up in Q2 with 44 buildings sold, making it consistent with the sales volume seen in Q2 of 2018.

5+ UNIT PROPERTY VALUES REMAIN STABLE

2019 MID-YEAR 5+ UNIT PROPERTY STATISTICS

DAYS ON MARKET STATISTICS FOR SOLD 5+ UNIT PROPERTIES 

MOST EXPENSIVE 5+ UNIT SALES: Measured By Sales Price

575-579 27th St
9 Units in Noe Valley
$9,000,000
$469/SqFt
Cap Rate: 4.74% | GRM: 16.12
970 Chestnut St
13 Units in Russian Hill
$11,500,000
$647/SqFt
Cap Rate: 4.54% | GRM: 14.80
270 Turk St
86 Units in the Tenderloin
$18,850,000
$401/SqFt
Cap Rate: 4.34% | GRM: 12.32
3650 Sacramento St
7 Units Mixed-Use in Presidio Heights
$10,640,000
$738/SqFt
Cap Rate: 3.90% | GRM: 16.96

MOST EXPENSIVE 5+ UNIT SALES: Measured By Sales Price

717 6th Ave
6 Units in the Inner Richmond
$2,150,000
$758/SqFt
Cap Rate: 5.21% | GRM: 13.89
1750 Greenwich St
12 Units in Cow Hollow
$9,120,000
$748/SqFt
Cap Rate: 3.79% | GRM: 18.51
2136 Broderick St
37 Units in Pacific Heights
$9,879,500
$806/SqFt
Cap Rate: 5.33% | GRM: 12.64
1400 Castro St
11 Units Mixed-use in Noe Valley
$7,600,000
$844/SqFt
Cap Rate: 5.13% | GRM: 14.55

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