3121 Broderick Street

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Address: 3121 Broderick St, San Francisco, CA 94123, USA

California & West + Apartment Buildings

Created date: August 26, 2024

Date last updated: August 26, 2024

3121 Broderick Street is an exceptionally maintained mid-block 1960’s apartment building that was built, owned, and maintained by the same family for the past 60+ years. Located between Lombard & Chestnut Streets, this building is in a prime location in the Marina district of San Francisco, a singular neighborhood known for beautiful homes, great restaurants, engaging nightlife and unmatched physical beauty. Set apart by it’s location, the Marina boasts incredible iconic views and plenty of outdoor recreational opportunities including Crissy Field, Presidio National Park, Fort Mason, and the Marina Green. Easy freeway access (via Hwy 101) to Marin County, the Peninsula/South Bay, and proximity to the Van Ness Rapid Transit System makes the Marina an even more desirable location.

This completely vacant six (6) unit apartment building consists of four (4) – 1 bedroom / 1 bath and two (2) – 2 bedroom / 1 bath apartments. The units feature updated large windows, hardwood floors, spacious living rooms with balconies (in some units), and full bathrooms with skylights (in some units). Each unit has a new, in-unit forced air heater, and a dedicated water heater located in the shared laundry room. In addition to a shared washer / dryer, the common area includes garages with six (6) parking spaces.

Property Description

The building was constructed with a steel moment-frame and other attributes that may support a possible 4th story and/or roof deck. For the investor owner/occupier, this property provides an ideal opportunity to own an exceptionally well-built and well-maintained asset in the heart of the Marina.

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Property Types:	Apartment Buildings
Price:	$3,500,000
No. of Units:	6
Cap Rate:	4.95%
GRM /GIM:	13.38
Year Built:	1959
Building Size:	4,602 Sq ft
Lot Size:	3,112.00 Sq ft
No. of Stories:	2
APN:	0934-002
Opportunity Zone:	No
Price per unit:	$583,333
Parking Spaces:	6