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665 Eddy St 48-Plex
A+ Composite 90.32
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 +7.5/10.0
  • Rent growth +5.0/5.0
  • Schools +5.0/10.0
  • Condition / age +4.0/5.0
  • Livability +3.8/5.0

$6,950,000

665 Eddy St · San Francisco, CA 94109
25 bd · 48.0 ba · 28,200 sqft · MultiFamily public records · 2 Days on market
Built 1924 Good condition 7,562 sqft lot Garage $246/sqft · 17% below area Est $8.379M · 17% under

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

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 48 units. confirmed

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

665 Eddy Street is a 48 unit apartment building located in San Francisco's Tenderloin district. The property consists of twenty one 1bd/1ba, twenty four Studio, two 2bd/1ba, and a commercial space. There is garage parking for five cars in two separate garages. The units have generous floor plans with hardwood floors, high-ceilings, and great natural light. The upper floors have nice outlooks over the City. The majority of the units were updated within the past 8 years, helping to keep turnover costs to a minimum. The apartments are separately metered for gas and electricity and heat is supplied by individual wall heaters in order to lower landlord expenses.

Key facts

  • Great natural light
  • Garage parking
  • Generous floor plans

Tags

48 UNIT APARTMENT BUILDINGGARAGE PARKINGGENEROUS FLOOR PLANSHARDWOOD FLOORSHIGH CEILINGSGREAT NATURAL LIGHT

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 45×1bd/1.0ba + 2×2bd/1.0ba + 1×?bd/1.0ba units multifamily listed at $6.95M. Condition is rated good.
  • This rent per unit runs 33% of the median local income ($106k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Deal economics

  • At list price, monthly cash flow is $53k ($632k/yr) — positive. Per door: $1k/mo.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($140k rent vs $6.95M).
  • Cap rate 15.4% 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 (+15.6%/yr); 313 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals lingering (median 70d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 79% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 750 units permitted in San Francisco County in 2024 (688 in 5+ unit buildings).

Forward outlook

  • In year one you build about $397k of equity ($48k loan paydown + $349k appreciation (5.0% 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 (5.0% appreciation + 8.0% rent growth), your $1.95M cash investment doubles in ~2 years — after that, you're playing with house money.
  • By year 2, paydown + projected appreciation supports a ~$637k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
  • 11 sale attempts; this cycle's ask is 257785% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

  • Watch-outs: property tax is 3.2% of price; built in 1924 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $6,950,000

Questions for the listing agent

  1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  3. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
  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
2.01%
Cap rate
15.39%
Cash-on-cash
32.50%
DSCR
2.45
GRM
4.1

CMA / ARV

ARV (median comp)
$8,378,590
List price
$6,950,000
Delta
-13.47%
Verdict
UNDERPRICED
Comps
10 within 1.0 mi
Show comp detail 3 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
970 Post St 0.31mi 27/— (+2) 22,310 (-21%) 4mo $6,400,000 $287 47
1900 Washington St 0.77mi 25/— 25,920 (-8%) 15mo $11,595,000 $447 39
1425 Taylor St 0.91mi 24/— (-1) 33,720 (+20%) 15mo $14,300,000 $424 23

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

Projected returns pro-forma

5.02% appreciation · 8.0% rent growth · sell at horizon

5-year hold
IRR
45.7%
Equity multiple
3.94×
Total profit
$5,714,423
Equity at exit
$3,947,477
10-year hold
IRR
46.2%
Equity multiple
9.30×
Total profit
$16,158,991
Equity at exit
$6,820,263

Cash invested: $1,946,000 (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.

ZIP-level market 94109

Home prices YoY
2.9%
Rents YoY
15.6%
Active inventory
313
Price-to-rent
199.8×

Monthly cashflow live

Estimated rent
$139,872 high interval (Pro) →
Mortgage (P&I)
$36,447
Tax from tax record
$18,452 /mo · $221,423/yr
Insurance
$2,896
HOA
$0
Vacancy / Maint / Mgmt
$29,373
Net cashflow
$52,705

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

UnitsBedsBathsEst. rent
1× unit 0 1 $2,295
Total (48 units) $139,872

Break-even live

Break-even rent $73,157
Max offer price $6,950,000
Occupancy floor 57%

Sensitivity live

Price -10% $56,639 -5% $54,672 +0% $52,705 +5% $50,737 +10% $48,770
Rent -10% $41,655 -5% $47,180 +0% $52,705 +5% $58,230 +10% $63,754
Rate -1.0pp $56,205 -0.5pp $54,472 base $52,705 +0.5pp $50,904 +1.0pp $49,072

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
$1,737,500
Closing costs
$208,500
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
665 Eddy St San Francisco, CA 1.0 $2,295 33d 1 0.02mi
665 Eddy St San Francisco, CA 1.0 $2,295 103d 1 0.02mi
665 Eddy St San Francisco, CA 1.0 $1,995 140d 1 0.02mi
634 Polk St Unit 601 San Francisco, CA 1.0 $2,250 49d 1 0.02mi
743 Polk St San Francisco, CA 1.0 403 $1,895 $4.70 56d 1 0.06mi
743 Polk St San Francisco, CA 1.0 298 $895 $3.00 110d 1 0.06mi
650 Turk St San Francisco, CA 1.0 $2,950 5d 1 0.08mi
555 Larkin St San Francisco, CA 1.0 $2,016 139d 1 0.08mi
807 Polk St Unit 205 San Francisco, CA 1.0 $895 108d 1 0.08mi
723 Ellis St San Francisco, CA 1.0 1.0 $3,195 43d 1 0.08mi
723 Ellis St San Francisco, CA 1.0 $2,195 49d 1 0.08mi
750 Van Ness Ave #702 San Francisco, CA 1.0 1.0 $3,000 139d 1 0.08mi
727 Ellis St San Francisco, CA 1.0 $1,745 40d 1 0.09mi
727 Ellis St San Francisco, CA 1.0 $1,895 49d 1 0.09mi
727 Ellis St San Francisco, CA 2.0 1.0 $2,995 54d 1 0.09mi
840 Van Ness Ave San Francisco, CA 1.0 $2,195 32d 1 0.10mi
840 Van Ness Ave San Francisco, CA 1.0 $2,195 82d 1 0.10mi
500 Larkin St San Francisco, CA 1.0 $1,995 2d 2 0.10mi
900 Van Ness Ave #603 San Francisco, CA 2.0 2.0 1113 $4,500 $4.04 10d 1 0.12mi
555 Eddy St San Francisco, CA 1.0 $1,995 63d 1 0.12mi
555 Eddy St San Francisco, CA 1.0 $1,995 120d 1 0.12mi
808 Eddy St San Francisco, CA 1.0 $2,995 72d 1 0.12mi
725 Van Ness Ave San Francisco, CA 1.0 $2,995 0d 1 0.12mi
812 Eddy St San Francisco, CA 2.0 1.0 $3,695 2d 1 0.12mi
812 Eddy St San Francisco, CA 1.0 $2,995 98d 1 0.12mi
812 Eddy St San Francisco, CA 1.0 1.0 580 $3,495 $6.03 120d 1 0.12mi
851 Ofarrell St San Francisco, CA 1.0 244 $1,645 $6.74 69d 1 0.13mi
851 Ofarrell St San Francisco, CA 1.0 247 $1,720 $6.95 85d 1 0.13mi
669 Ellis St San Francisco, CA 1.0 $1,895 139d 1 0.13mi
845 O'Farrell St Apt 11 San Francisco, CA 1.0 $1,820 70d 1 0.13mi
845 O'Farrell St Unit 16 San Francisco, CA 1.0 $1,895 120d 1 0.13mi
851 Van Ness Ave #306 San Francisco, CA 2.0 2.0 909 $4,700 $5.17 108d 1 0.13mi
929 O'Farrell St San Francisco, CA 1.0 $2,495 7d 1 0.13mi
935 Ofarrell St San Francisco, CA 1.0 $2,495 10d 1 0.13mi
931 O'Farrell St San Francisco, CA 1.0 300 $2,495 $8.32 72d 1 0.13mi
931 O'Farrell St San Francisco, CA 1.0 $2,395 2d 1 0.13mi
601 Van Ness Ave #205 San Francisco, CA 2.0 2.0 881 $4,995 $5.67 5d 1 0.14mi
601 Van Ness Ave #411 San Francisco, CA 1.0 1.0 558 $3,400 $6.09 70d 1 0.14mi
601 Van Ness Ave Unit 5F San Francisco, CA 1.0 1.0 $1,900 42d 1 0.14mi
601 Van Ness Ave #406 San Francisco, CA 1.0 1.0 718 $3,990 $5.56 88d 1 0.14mi

Property features AI

Finance

Other
Living/building area recorded as 28,200 square feet
Financial info
48 total units with 45 currently leased and 3 vacant
HOA & community
No association fee

Exterior

Parking
Covered parkingGarage parkingFive total parking spaces (including independent spaces)
Home design
Residential income property in a mixed-use buildingFive or more unitsBuilt in 1924
Construction
One building
Exterior features
Single building on the lotLot contains trees or landscaping not specified (no notable lot features listed)

Interior

Bedrooms
25 total bedrooms across units
Interior features
Mixed-use residential income buildingVaries by unit for furnished status

Listing history 39 events

  1. 2026-09-23
    days on market $6,950,000 Active 2 DOM
  2. 2026-09-21
    pricedays on marketlisting id $6,950,000 Active 1 DOM
  3. 2026-08-11
    days on market $7,250,000 Active 43 DOM
  4. 2026-08-10
    days on market $7,250,000 Active 42 DOM
  5. 2026-08-09
    days on market $7,250,000 Active 41 DOM
  6. 2026-08-08
    statusdays on market $7,250,000 Active 40 DOM
  7. 2026-08-06
    days on market $7,250,000 Contingent - No Show 38 DOM
  8. 2026-08-05
    days on market $7,250,000 Contingent - No Show 37 DOM
  9. 2026-08-04
    days on market $7,250,000 Contingent - No Show 36 DOM
  10. 2026-08-03
    days on market $7,250,000 Contingent - No Show 35 DOM
  11. 2026-07-31
    days on market $7,250,000 Contingent - No Show 32 DOM
  12. 2026-07-30
    days on market $7,250,000 Contingent - No Show 31 DOM
  13. 2026-07-30
    days on market $7,250,000 Contingent - No Show 30 DOM
  14. 2026-07-28
    days on market $7,250,000 Contingent - No Show 29 DOM
  15. 2026-07-26
    days on market $7,250,000 Contingent - No Show 27 DOM
  16. 2026-07-24
    days on market $7,250,000 Contingent - No Show 25 DOM
  17. 2026-07-23
    days on market $7,250,000 Contingent - No Show 24 DOM
  18. 2026-07-22
    days on market $7,250,000 Contingent - No Show 23 DOM
  19. 2026-07-21
    days on market $7,250,000 Contingent - No Show 22 DOM
  20. 2026-07-20
    days on market $7,250,000 Contingent - No Show 21 DOM
  21. 2026-07-18
    days on market $7,250,000 Contingent - No Show 19 DOM
  22. 2026-07-18
    days on market $7,250,000 Contingent - No Show 18 DOM
  23. 2026-07-16
    days on market $7,250,000 Contingent - No Show 17 DOM
  24. 2026-07-15
    statusdays on market $7,250,000 Contingent - No Show 16 DOM
  25. 2026-07-14
    days on market $7,250,000 Active 15 DOM
  26. 2026-07-13
    days on market $7,250,000 Active 14 DOM
  27. 2026-07-13
    days on market $7,250,000 Active 13 DOM
  28. 2026-07-11
    days on market $7,250,000 Active 12 DOM
  29. 2026-07-10
    days on market $7,250,000 Active 11 DOM
  30. 2026-07-09
    days on market $7,250,000 Active 10 DOM
  31. 2026-07-07
    days on market $7,250,000 Active 8 DOM
  32. 2026-07-06
    days on market $7,250,000 Active 7 DOM
  33. 2026-07-06
    days on market $7,250,000 Active 6 DOM
  34. 2026-07-05
    days on market $7,250,000 Active 5 DOM
  35. 2026-07-03
    days on market $7,250,000 Active 4 DOM
  36. 2026-07-02
    days on market $7,250,000 Active 3 DOM
  37. 2026-07-01
    days on market $7,250,000 Active 2 DOM
  38. 2026-06-29
    remarks 699-char remark
  39. 2026-06-29
    listed $7,250,000 Active 1 DOM

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

Tax reassessment forecast CA · Resets to sale price

Current annual tax
$221,423 · $18,452/mo
Projected year-2 tax
$221,423 · $18,452/mo
Expected delta
$0/yr ($0/mo · -0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 2/10 Low 7 d/yr ≥79°F today · 17 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 8/10 Severe 15 unhealthy d/yr today · 15 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$1,678,464
− Mortgage interest
−$389,308
− Property taxes
−$221,423
− Insurance
−$34,750
− Repairs & maintenance
−$134,277
− Management
−$134,277
− Depreciation
−$202,182
Taxable income
$562,247
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$134,939
After-tax cash flow
$497,516/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 80/100 Cosmetic rehab Est. rehab $141,000–$423,000 screening

This multi-family property in the Tenderloin district of San Francisco is in good condition with cosmetic updates, making it a solid investment opportunity.

Value-add opportunities

  • Both Paint exterior — Enhances curb appeal and resale value
  • Both Clean windows — Improves natural light and aesthetics

ⓘ Rehab cost is a screening estimate — Cosmetic 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 Tenderloin Community Middle Francisco Middle High Galileo 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)
54,553
Household income
$106,018
Rent vs Own
83.2% rent · 16.8% own
Severe rent burden
8% 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
Diverse neighborhood (Simpson 0.66)
Race & ethnicity
White 50% Asian 27% Hispanic / Latino 13% Two or more races 10% Black 4%
Hispanic origin (detail)
Mexican 7% Puerto Rican 1%
Common ancestry
Lithuanian 3% Italian 3% Romanian 2%
Foreign-born
31% · China, Canada, Vietnam
Languages at home
64% English-only · Chinese 10% Spanish 7% Other Asian/Pacific 4%

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

-100.0% since first listed
22 events — show timeline
  • 2026-09-21 Listed for Rent $2,695 SHOWMOJO
  • 2026-09-21 Listed $6,950,000 San Francisco MLS
  • 2026-09-17 Listed for Rent $2,295 SHOWMOJO
  • 2026-09-17 Rental Removed $2,295 SHOWMOJO
  • 2026-09-11 Rental Removed $2,295 SHOWMOJO
  • 2026-09-07 Listed for Rent $2,295 SHOWMOJO
  • 2026-08-19 Listed for Rent $2,295 SHOWMOJO
  • 2026-08-07 Relisted San Francisco MLS
  • 2026-07-15 Contingent San Francisco MLS
  • 2026-06-29 Listed San Francisco MLS
  • 2026-06-14 Rental Removed $2,295 SHOWMOJO
  • 2026-06-14 Rental Removed $2,295 SHOWMOJO
  • 2026-06-10 Price Changed $2,295 SHOWMOJO
  • 2026-05-28 Listed for Rent $2,195 SHOWMOJO
  • 2026-05-28 Listed for Rent $2,595 SHOWMOJO
  • 2026-05-11 Rental Removed $1,895 SHOWMOJO
  • 2026-05-08 Listed for Rent $1,895 SHOWMOJO
  • 2026-05-07 Rental Removed $1,995 SHOWMOJO
  • 2026-04-26 Listed for Rent $1,995 SHOWMOJO
  • 2018-09-11 Sold (Public Records) $16,236,000 Public Records
  • 2012-06-01 Sold (Public Records) $4,621,000 Public Records
  • 2010-11-18 Sold (Public Records) $90,000,000 Public Records

Property tax history

+8.8%/yr

Latest (2025): $221,423 · +3.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…