1401-1407 Rhode Island St · San Francisco, CA 94107

$1,100,000

8 bd · 2.0 ba · 2,400 sqft · MultiFamily · 59 Days on market

Built 1907 Good condition $458/sqft · 24% below area Est $1439k · 24% under ↓ 14% since listing

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Why this score? — see what drove the A grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +7.4/10.0
• Rent growth +5.0/5.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Condition / age +3.8/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

Perched on a sunny corner in sought-after Potrero Hill, 1401-1407 Rhode Island Street presents a rare opportunity to own a classic four-unit Edwardian building with character, light, and compelling investment fundamentals. Each of the four spacious 1-bedroom residences showcases timeless period charm, highlighted by beautiful bay windows with desirable south and west exposures filling the homes with natural light and offering delightful outlooks, including partial views. Interiors feature warm hardwood floors, inviting living spaces, and functional layouts that appeal to both tenants and future owner/occupants. The property sits on a prime corner lot, benefiting from excellent curb appeal and easy street parking an uncommon advantage in San Francisco. Its location offers exceptional connectivity with quick access to Highways 101 and 280, as well as nearby Muni lines and Caltrain, making commuting throughout the Bay Area seamless. Investment highlights include: Four (4) charming Edwardian 1BR units. Strong in-place income with a 6.0% CAP rate. No OMI or Ellis Act history. Desirable tenant location with enduring rental demand. Classic architecture with upside potential. This is a standout opportunity to acquire a well-located, character-rich asset in one of San Francisco's most beloved neighborhoods ideal for investors seeking stable returns with long-term appreciation potential.

Key facts

• Natural light
• Warm hardwood floors
• Prime corner lot

Tags

• BEAUTIFUL BAY WINDOWS
• NATURAL LIGHT
• WARM HARDWOOD FLOORS
• PRIME CORNER LOT
• EXCELLENT CURB APPEAL
• EASY STREET PARKING

🏷️ Possibly a rental listed for sale. The $1,100,000 price doesn't fit this home's estimated sale value (~$1,439,236) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4 × 2-bed/0.5-bath units multifamily listed at $1.10M. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $7k ($78k/yr) — positive. Per door: $2k/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($18k rent vs $1.10M).
• Recommended offer: $1.07M (3.0% below list) — sets the bar for market timing.
• Cap rate 13.4% vs local median 2.1% in San Francisco — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#90 in CA, #3,143 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
• San Francisco Unified (urban): math 50% / reading 56% proficiency, ranked #322 of 1,400 in CA (top 23%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+18.9%/yr); 136 active listings in the ZIP; 1 comparable units currently listed for rent nearby; high-income renter base; 750 units permitted in San Francisco County in 2024 (688 in 5+ unit buildings).
• At $17,863/mo this rent would consume 117% of the median local household income ($183k/yr) (locally 1851% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $61k of equity ($8k loan paydown + $53k appreciation (4.8% local appreciation)).
• San Francisco County population projected at +39% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (4.8% appreciation + 8.0% rent growth), your $308k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$97k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($1.07M) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1907 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $1,067,000 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1907 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.62% ✓
• Cap rate: 13.39%
• Cash-on-cash: 25.36%
• DSCR: 2.13
• GRM: 5.1

CMA / ARV

• ARV (median comp): $1,439,236
• List price: $1,100,000
• Delta: -23.57%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1270 Hampshire St	0.34mi	7/3.0 (-1)	2,394 (-0%)	1mo	$1,075,000	$449	74
481-483 Mississippi St	0.70mi	7/3.0 (-1)	2,324 (-3%)	8mo	$2,300,000	$990	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

4.81% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 38.3%
• Equity multiple: 3.44×
• Total profit: $750,885
• Equity at exit: $610,653

10-year hold

• IRR: 39.1%
• Equity multiple: 7.96×
• Total profit: $2,144,448
• Equity at exit: $1,043,549

Cash invested: $308,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City San Francisco: 0 Strongly Tenant-Friendly · D+57

SF Rent Ordinance + Eviction Protections; relocation $10k+; one of strictest in US.

Methodology + full state rankings →

ZIP-level market 94107

• Home prices YoY: 2.6%
• Rents YoY: 18.9%
• Active inventory: 136
• Price-to-rent: 20.5×

Monthly cashflow live

• Estimated rent: $17,863 high
• Mortgage (P&I): −$5,769
• Tax est. 1.5%: −$1,375 /mo · $16,500/yr
• Insurance: −$458
• HOA: −$0
• Vacancy / Maint / Mgmt: −$3,751
• Net cashflow: $6,510

Break-even live

Break-even rent $9,623

Max offer price $1,100,000

Occupancy floor 59%

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	2	0.5	$17,864
Total (4 units)			$17,863

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $275,000
• Closing costs: $33,000
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1520 Kirkwood Ave San Francisco, CA	7.0	4.0	2863	$8,500	$2.97	43d	1	1.21mi

Listing history 4 events

1. 2026-06-18
   days on market $1,100,000 Active 59 DOM
2. 2026-06-17
   statusdays on market $1,100,000 Active 58 DOM
3. 2026-05-15
   price $1,100,000 1402-char remark

   Show marketing remark (1402 chars)

   Perched on a sunny corner in sought-after Potrero Hill, 1401-1407 Rhode Island Street presents a rare opportunity to own a classic four-unit Edwardian building with character, light, and compelling investment fundamentals. Each of the four spacious 1-bedroom residences showcases timeless period charm, highlighted by beautiful bay windows with desirable south and west exposures filling the homes with natural light and offering delightful outlooks, including partial views. Interiors feature warm hardwood floors, inviting living spaces, and functional layouts that appeal to both tenants and future owner/occupants. The property sits on a prime corner lot, benefiting from excellent curb appeal and easy street parking an uncommon advantage in San Francisco. Its location offers exceptional connectivity with quick access to Highways 101 and 280, as well as nearby Muni lines and Caltrain, making commuting throughout the Bay Area seamless. Investment highlights include: Four (4) charming Edwardian 1BR units. Strong in-place income with a 6.0% CAP rate. No OMI or Ellis Act history. Desirable tenant location with enduring rental demand. Classic architecture with upside potential. This is a standout opportunity to acquire a well-located, character-rich asset in one of San Francisco's most beloved neighborhoods ideal for investors seeking stable returns with long-term appreciation potential.

4. 2026-03-30
   listed $1,275,000 Active 1402-char remark

   Show marketing remark (1402 chars)

   Perched on a sunny corner in sought-after Potrero Hill, 1401-1407 Rhode Island Street presents a rare opportunity to own a classic four-unit Edwardian building with character, light, and compelling investment fundamentals. Each of the four spacious 1-bedroom residences showcases timeless period charm, highlighted by beautiful bay windows with desirable south and west exposures filling the homes with natural light and offering delightful outlooks, including partial views. Interiors feature warm hardwood floors, inviting living spaces, and functional layouts that appeal to both tenants and future owner/occupants. The property sits on a prime corner lot, benefiting from excellent curb appeal and easy street parking an uncommon advantage in San Francisco. Its location offers exceptional connectivity with quick access to Highways 101 and 280, as well as nearby Muni lines and Caltrain, making commuting throughout the Bay Area seamless. Investment highlights include: Four (4) charming Edwardian 1BR units. Strong in-place income with a 6.0% CAP rate. No OMI or Ellis Act history. Desirable tenant location with enduring rental demand. Classic architecture with upside potential. This is a standout opportunity to acquire a well-located, character-rich asset in one of San Francisco's most beloved neighborhoods ideal for investors seeking stable returns with long-term appreciation potential.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $214,356
• − Mortgage interest: −$61,617
• − Property taxes: −$16,500
• − Insurance: −$5,500
• − Repairs & maintenance: −$17,148
• − Management: −$17,148
• − Depreciation: −$32,000
• Taxable income: $64,442
• Est. tax owed @ 24.0%: −$15,466
• After-tax cash flow: $62,653/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 10 photos

Good 75/100 Cosmetic rehab

This four-unit Edwardian building in Potrero Hill is in good condition with cosmetic updates needed to enhance curb appeal and resale value.

Value-add opportunities

• Both paint exterior — enhances curb appeal and resale value
• Both replace blinds — improves natural light and aesthetics
• Both update kitchen appliances — modernizes the space and attracts tenants
• Both install smart home devices — increases property value and convenience

Renovation cost estimate screening

Value-add ROI direction

• Both paint exterior — enhances curb appeal and resale value ↑
• Both replace blinds — improves natural light and aesthetics ↑
• Both update kitchen appliances — modernizes the space and attracts tenants ↑
• Both install smart home devices — increases property value and convenience ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: San Francisco Unified
• NCES district ID: 0634410
• Math proficiency: 50% ▬ 0.00%
• Reading proficiency: 56% ▲ 1.00%
• Median HH income: $81,249
• Composite: 50.14/100
• National rank: #4088
• State rank: #322 of 1400 in CA

Livability — San Francisco

• Score: 76/100
• State rank: #90
• US rank: #3143

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing B- Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Francisco, CA
• County: San Francisco County · 827,552 people
• City population: 827,552
• Metro: San Francisco-Oakland-Berkeley, CA
• Population (ZIP): 31,823
• Household income: $182,897
• Rent vs Own: 64.3% rent · 35.7% own
• Severe rent burden: 1851.0

Population outlook (San Francisco County) Hauer SSP2

• Today (2025): 1,030,936 people
• By 2030: 1,110,409 · +7.7%
• By 2040: 1,270,010 · +23.2%
• By 2050: 1,435,001 · +39.2%
• By 2075: 1,779,074 · +72.6%
• By 2100: 1,966,767 · +90.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 45% Asian 32% Hispanic / Latino 13% Two or more races 12% Black 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 3% Romanian 2% Italian 2%
• Foreign-born: 36% · China, Canada, Vietnam
• Languages at home: 59% English-only · Chinese 12% Spanish 9% Other Indo-European 5%

Political lean MEDSL · San Francisco

• 2024 margin: Solid D (+64.8) · D 80.3% · R 15.5% · Other 4.1%
• 2008→2024 swing: -5.7pp toward R · 2008: 70.5pp · 2024: 64.8pp
• All cycles: 2024: D+64.8 2020: D+72.5 2016: D+76.1 2012: D+70.2 2008: D+70.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.81%
• Current HPI: 192.3569
• Rent YoY: ▲ 18.89%
• Metro: San Francisco-Oakland-Berkeley, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

-13.7% since first listed

2 events — show timeline

• 2026-05-15 Price Changed $1,100,000 San Francisco MLS
• 2026-03-30 Listed $1,275,000 San Francisco MLS