3440 24th Street
$4,200,000
Noe Valley-Inner Mission
3440 24th Street aka The Maybelle Apartments is a 13 unit building located on the border of Noe Valley and the Inner Mission. The property has been owned and cared for by the same family for 40 years. The 11,580 sq/ft property houses ten (10) 1-bedoom units and three (3) 2-bedroom units. Detached on three sides, the units collect plenty of sunlight and some have West facing views of Noe Valley and Twin Peaks. The soft story retrofit was completed in 2018. The building produces a healthy income of $392,000 annual gross income (6.05% cap rate, 10.71 GRM). The Maybelle Apartments represent a quintessential, well-maintained SF apartment house with spacious units and good bones.
GRM:
10.71
PRICE/FOOT:
$363
CAP RATE:
6.05%
PRICE/UNIT:
$323,000
Square Feet:
11,580
Status Date:
Units:
13
Status:
Active

Senior Vice President
Mobile: 415.794.9510
john@antoninisf.com
John Antonini is a commercial agent who represents clients in the sale and purchase of residential investment property in San Francisco. Since 2007, he has a built a proven track record of adding-value for Buyers and Sellers of SF apartment, mixed-use and commercial transactions.