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.

Listing courtesy of Haley Zhao of Andersen, Jung & Co. | Agent Phone: (415) 830-1423



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Last checked: 2026-07-27 05:55 AM UTC