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141 Eddy St Multi-family
B+ Composite 79.71
Why this score? — see what drove the B+ 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
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • ARV discount +7.5/15.0
  • Appreciation +7.4/10.0
  • Rent growth +5.0/5.0
  • Schools +5.0/10.0
  • Livability +3.8/5.0
  • Condition / age +1.0/5.0

$6,500,000

141 Eddy St · San Francisco, CA 94102
None bd · None ba · 39,569 sqft · MultiFamily · 107 Days on market
Built 1907 Poor condition 7,562 sqft lot $164/sqft · 54% below area

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 1 unit. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks

141 Eddy Street presents a rare opportunity to acquire a large-scale mixed-use residential asset in the heart of San Francisco's Tenderloin neighborhood. The property consists of one hundred seven (107) units, primarily configured as SRO housing with a mix of supportive housing programs, along with one (1) ground-floor commercial space, offering a diversified and stable income stream. Originally constructed in 1907, the building features classic San Francisco architecture paired with efficient unit layouts designed to maximize functionality.

Key facts

  • Employment centers
  • Centrally located
  • 7,562 sq ft lot

Tags

GROUND-FLOOR COMMERCIAL SPACEEFFICIENT UNIT LAYOUTSCONSISTENT NATURAL LIGHTACCESS TO ESSENTIAL SERVICESCENTRALLY LOCATEDEMPLOYMENT CENTERS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a multifamily listed at $6.50M. Condition is rated poor.

Deal economics

  • At list price, monthly cash flow is $158k ($1.90M/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($257k rent vs $6.50M).
  • Recommended offer: $5.92M (9.0% below list) — sets the bar for market timing.
  • Cap rate 35.6% vs local median 2.2% 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.
  • Zoned schools: Lilienthal (Claire) Elementary (669 students, 19% FRL); Giannini (A.P.) Middle (1,192 students, 34% FRL); Lowell High (2,632 students, 37% FRL) — zoned schools average 30% FRL vs 49% district-wide (19 pts lower); this property's tenant base skews higher-income than the district average.
  • Market conditions: Rents rising fast (+10.1%/yr); 80 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 27d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; 750 units permitted in San Francisco County in 2024 (688 in 5+ unit buildings).
  • At $257,470/mo this rent would consume 5113% of the median local household income ($60k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • In year one you build about $357k of equity ($45k loan paydown + $312k 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 $1.82M cash investment doubles in ~1 year — after that, you're playing with house money.
  • By year 2, paydown + projected appreciation supports a ~$572k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 107 days — a 9% lower offer ($5.92M) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Watch-outs: built in 1907 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $5,915,000 (9.0% below list)

Questions for the listing agent

  1. It's been on market 107 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  3. Built in 1907 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  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
3.96%
Cap rate
35.55%
Cash-on-cash
104.49%
DSCR
5.65
GRM
2.1

CMA / ARV

ARV (median comp)
$14,069,307
List price
$6,500,000
Delta
-53.80%
Verdict
UNDERPRICED
Comps
8 within 1.0 mi
Show comp detail 7 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
973 Market St 0.11mi 30/— 39,339 (-1%) 1mo $19,000,000 $483 94
565 Geary St 0.23mi 19/— 37,796 (-4%) 3mo $9,225,000 $244 79
501 Taylor St 0.23mi —/— 46,919 (+19%) 6mo $15,150,000 $323 59
610 Polk St 0.50mi —/— 35,400 (-10%) 18mo $7,700,000 $218 44
1060 Bush St 0.47mi 35/— 47,075 (+19%) 13mo $16,500,000 $351 42
935 Geary St 0.49mi 1/— 44,440 (+12%) 23mo $9,050,000 $204 38
1425 Taylor St 0.82mi 24/— 33,720 (-15%) 13mo $14,300,000 $424 29

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

Projected returns pro-forma

4.8% appreciation · 8.0% rent growth · sell at horizon

5-year hold
IRR
Equity multiple
8.08×
Total profit
$12,881,414
Equity at exit
$3,603,621
10-year hold
IRR
Equity multiple
19.42×
Total profit
$33,523,375
Equity at exit
$6,154,327

Cash invested: $1,820,000 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
4 active
Months of supply
12.0 mo (8%/mo absorbed)
Median asking
$11,497,500 ($323/sqft)
Median days on market
59 d
This list price
lowest-priced of the active set
ARV vs active asking
+10.0% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 94102

Home prices YoY
2.7%
Rents YoY
10.1%
Active inventory
80
Price-to-rent
225.1×

Monthly cashflow live

Estimated rent
$257,470 high interval (Pro) →
Mortgage (P&I)
$34,087
Tax est. 1.5%
$8,125 /mo · $97,500/yr
Insurance
$2,708
HOA
$0
Vacancy / Maint / Mgmt
$54,069
Net cashflow
$158,481

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

UnitsBedsBathsEst. rent
Total (107 units) $257,470

Break-even live

Break-even rent $56,861
Max offer price $6,500,000
Occupancy floor 33%

Sensitivity live

Price -10% $162,973 -5% $160,727 +0% $158,481 +5% $156,235 +10% $153,989
Rent -10% $138,141 -5% $148,311 +0% $158,481 +5% $168,651 +10% $178,821
Rate -1.0pp $161,755 -0.5pp $160,134 base $158,481 +0.5pp $156,797 +1.0pp $155,083

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
$1,625,000
Closing costs
$195,000
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
960 Market St San Francisco, CA 1.0 1.0 613 $3,995 $6.52 13d 1 0.07mi
124 Mason St San Francisco, CA 1.0 280 $2,768 $9.87 2d 2 0.07mi
250 Taylor St San Francisco, CA 1.0 325 $1,682 $5.18 19d 1 0.08mi
57 Taylor St San Francisco, CA 1.0 1.0 450 $2,395 $5.32 23d 2 0.09mi
10 Cyril Magnin St San Francisco, CA 2.0 2.0 1300 $5,000 $3.85 93d 1 0.10mi
6 Mint Plz San Francisco, CA 2.0 2.0 915 $7,995 $8.74 54d 1 0.13mi
345 Taylor St San Francisco, CA 1.0 1.0 1600 $8,500 $5.31 2d 1 0.14mi
2 Mint Plz San Francisco, CA 2.0 1.0 800 $4,500 $5.62 2d 1 0.15mi
370 Ellis St San Francisco, CA 1.0 $1,475 93d 1 0.16mi
1028 Market St San Francisco, CA 2.0 1.0–2.0 675 $4,708 $6.97 2d 9 0.16mi
449 Ofarrell St San Francisco, CA 1.0 315 $2,200 $6.98 9d 1 0.17mi
424 Jones St San Francisco, CA 1.0 1.0 400 $1,995 $4.99 42d 1 0.17mi
347 Eddy St San Francisco, CA 1.0 $1,995 24d 1 0.18mi
347 Eddy St San Francisco, CA 1.0 1.0 $1,995 73d 1 0.18mi
347 Eddy St San Francisco, CA 1.0 $1,995 35d 1 0.18mi
50 Jones St San Francisco, CA 2.0 1.0–2.0 649 $4,232 $6.52 2d 14 0.19mi
420 Ellis St San Francisco, CA 1.0 $1,595 42d 1 0.19mi
422 Ellis St San Francisco, CA 1.0 $2,195 7d 1 0.19mi
422 Ellis St San Francisco, CA 1.0 $1,695 93d 1 0.19mi
422 Ellis St San Francisco, CA 1.0 $1,995 73d 1 0.19mi
422 Ellis St San Francisco, CA 1.0 $1,795 63d 1 0.19mi
529 Stevenson St San Francisco, CA 1.0 1.0 606 $2,945 $4.86 2d 2 0.20mi
455-457 Ellis St Unit 6 San Francisco, CA 1.0 1.0 $2,100 93d 1 0.20mi
457 Ellis St Unit 2 San Francisco, CA 1.0 1.0 $1,995 93d 1 0.21mi
550 Jessie St San Francisco, CA 1.0 1.0 646 $2,895 $4.48 2d 1 0.21mi
570 Jessie St San Francisco, CA 1.0 1.0 595 $2,895 $4.87 32d 1 0.22mi
460 Ellis St San Francisco, CA 1.0 $1,517 93d 1 0.22mi
545 Ofarrell St San Francisco, CA 1.0 400 $2,000 $5.00 93d 1 0.23mi
285 Turk St Apt 507 San Francisco, CA 1.0 1.0 462 $1,795 $3.89 93d 1 0.23mi
346 Leavenworth St San Francisco, CA 1.0 390 $2,295 $5.88 13d 1 0.23mi
565 Geary St San Francisco, CA 2.0 1.0–1.5 664 $3,372 $5.08 9d 2 0.23mi
434 Minna St San Francisco, CA 2.0 1.0–2.0 719 $5,134 $7.13 2d 23 0.24mi
1075 Market St #603 San Francisco, CA 1.0 445 $3,300 $7.42 56d 1 0.24mi
555 Ofarrell St San Francisco, CA 2.0 1.0 394 $2,170 $5.51 38d 1 0.24mi
555 Ofarrell St San Francisco, CA 1.0 350 $1,895 $5.41 13d 1 0.24mi
507 Taylor St San Francisco, CA 1.0 $2,695 19d 1 0.24mi
507 Taylor St San Francisco, CA 1.0 $2,695 7d 1 0.24mi
503 Taylor St San Francisco, CA 1.0 $2,995 47d 1 0.24mi
505 Taylor St San Francisco, CA 1.0 $2,695 21d 1 0.24mi
505 Taylor St San Francisco, CA 1.0 $2,795 27d 1 0.24mi

Property features AI

Finance

Financial info
Total units: 10788 units currently leased, 19 vacant
HOA & community
No association fee

Exterior

Home design
Residential income, mixed-use buildingFive-or-more unit propertyBuilt in 1907
Construction
Building area approximately 39,569 square feet
Exterior features
Lot includes sidewalk

Interior

Bedrooms
88 occupied studio units
Interior features
Mixed-use residential income propertySidewalk on lot

Listing history 50 events

  1. 2026-08-08
    days on market $6,500,000 Active 107 DOM
  2. 2026-08-06
    days on market $6,500,000 Active 105 DOM
  3. 2026-08-05
    days on market $6,500,000 Active 104 DOM
  4. 2026-08-04
    days on market $6,500,000 Active 103 DOM
  5. 2026-08-03
    days on market $6,500,000 Active 102 DOM
  6. 2026-07-31
    days on market $6,500,000 Active 99 DOM
  7. 2026-07-30
    days on market $6,500,000 Active 98 DOM
  8. 2026-07-30
    days on market $6,500,000 Active 97 DOM
  9. 2026-07-28
    days on market $6,500,000 Active 96 DOM
  10. 2026-07-26
    days on market $6,500,000 Active 94 DOM
  11. 2026-07-24
    days on market $6,500,000 Active 92 DOM
  12. 2026-07-23
    days on market $6,500,000 Active 91 DOM
  13. 2026-07-22
    days on market $6,500,000 Active 90 DOM
  14. 2026-07-21
    days on market $6,500,000 Active 89 DOM
  15. 2026-07-20
    days on market $6,500,000 Active 88 DOM
  16. 2026-07-18
    days on market $6,500,000 Active 86 DOM
  17. 2026-07-18
    days on market $6,500,000 Active 85 DOM
  18. 2026-07-16
    days on market $6,500,000 Active 84 DOM
  19. 2026-07-15
    days on market $6,500,000 Active 83 DOM
  20. 2026-07-14
    days on market $6,500,000 Active 82 DOM
  21. 2026-07-13
    days on market $6,500,000 Active 81 DOM
  22. 2026-07-13
    days on market $6,500,000 Active 80 DOM
  23. 2026-07-11
    days on market $6,500,000 Active 79 DOM
  24. 2026-07-10
    days on market $6,500,000 Active 78 DOM
  25. 2026-07-09
    days on market $6,500,000 Active 77 DOM
  26. 2026-07-07
    days on market $6,500,000 Active 75 DOM
  27. 2026-07-06
    days on market $6,500,000 Active 74 DOM
  28. 2026-07-06
    days on market $6,500,000 Active 73 DOM
  29. 2026-07-05
    days on market $6,500,000 Active 72 DOM
  30. 2026-07-03
    days on market $6,500,000 Active 71 DOM
  31. 2026-07-02
    days on market $6,500,000 Active 70 DOM
  32. 2026-07-01
    days on market $6,500,000 Active 69 DOM
  33. 2026-06-30
    days on market $6,500,000 Active 68 DOM
  34. 2026-06-29
    days on market $6,500,000 Active 67 DOM
  35. 2026-06-28
    days on market $6,500,000 Active 66 DOM
  36. 2026-06-27
    days on market $6,500,000 Active 65 DOM
  37. 2026-06-26
    days on market $6,500,000 Active 64 DOM
  38. 2026-06-24
    days on market $6,500,000 Active 62 DOM
  39. 2026-06-22
    days on market $6,500,000 Active 60 DOM
  40. 2026-06-21
    days on market $6,500,000 Active 59 DOM
  41. 2026-06-18
    days on market $6,500,000 Active 56 DOM
  42. 2026-06-17
    days on market $6,500,000 Active 55 DOM
  43. 2026-06-16
    days on market $6,500,000 Active 54 DOM
  44. 2026-06-15
    days on market $6,500,000 Active 53 DOM
  45. 2026-06-13
    days on market $6,500,000 Active 51 DOM
  46. 2026-06-13
    days on market $6,500,000 Active 50 DOM
  47. 2026-06-09
    days on market $6,500,000 Active 47 DOM
  48. 2026-06-08
    days on market $6,500,000 Active 46 DOM
  49. 2026-06-07
    days on market $6,500,000 Active 45 DOM
  50. 2026-06-04
    days on market $6,500,000 Active 42 DOM

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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$3,089,640
− Mortgage interest
−$364,101
− Property taxes
−$97,500
− Insurance
−$32,500
− Repairs & maintenance
−$247,171
− Management
−$247,171
− Depreciation
−$189,091
Taxable income
$1,912,106
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$458,905
After-tax cash flow
$1,442,870/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 · 2 photos

Poor 20/100 Extensive rehab Est. rehab $1,978,450–$3,561,210 screening

This multi-family property requires extensive exterior repairs and a complete renovation to improve its condition and value.

Repairs flagged

  • Major exterior paint — Significant peeling and wear
  • Major roof — No visible roof, but the exterior suggests a need for extensive repair
  • Major exterior structure — Significant wear and tear

Value-add opportunities

  • Both exterior paint — Fresh paint would improve curb appeal and property value
  • Both roof repair — A new roof would significantly increase the property's value and functionality
  • Both exterior renovation — A complete exterior renovation would improve the property's appearance and value

ⓘ Rehab cost is a screening estimate — Extensive scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

Zoned Schools

Elementary Redding Elementary Middle Denman (James) Middle High S.f. International High

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
B Composite livability gradescore 76/100

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 · 1,030,936 people
City population
827,552
Metro
San Francisco-Oakland-Berkeley, CA
Population (ZIP)
35,976
Household income
$60,431
Rent vs Own
92.0% rent · 8.0% own
Severe rent burden
9% of renters

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
Highly diverse neighborhood (Simpson 0.77)
Race & ethnicity
White 31% Asian 28% Hispanic / Latino 22% Two or more races 13% Black 9% Native American 2%
Hispanic origin (detail)
Mexican 15% Puerto Rican 1%
Common ancestry
Scotch-Irish 2% Romanian 2% Lithuanian 2%
Foreign-born
41% · Canada, China, Vietnam
Languages at home
52% English-only · Spanish 16% Chinese 10% Vietnamese 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

Price history

1 event — show timeline
  • 2026-04-23 Listed $6,500,000 San Francisco MLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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