Key information
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Units 5
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Year Built 1965
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Average Unit Size 721
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Building Size 3,603
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Land Area (Sq Ft) 3,348
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Parking 5
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Separate Meters Gas, Electric, Water
Property Summary
3601 West Street delivers a fully-occupied five-unit apartment building at the signalized corner of 36th and West Street, three blocks from MacArthur BART. Priced at $950,000 — $190,000 per unit and $264 per square foot — the property generates $124,296 in current annual income at a 7.8% in-place cap rate. Four of five units are backed by Section 8 HAP contracts. Unit mix: one 1BR and four 2BR units, 3,603 SF total. Five assigned parking spaces include two garages and three covered carports, all included in rents. Move-in dates span 2004 to 2021 — proven retention, low turnover. Recent capital investment of $25,000+ across 2024–2025. Built for 1031 trade-ups and income-focused private investors targeting stabilized Bay Area multifamily. Don't miss this one.
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Pricing Metrics
CAP Rate:
7.8%
GRM:
7.6
Price per Unit:
$190,000
Price per Square Foot:
$264
Financial Summary
Gross Rents (Annual):
$124,296
Other Income:
$0
Expense Pass Through:
$0
Effective Gross Income:
$73,779
Vacancy Reserve:
$6,215
Operating Expenses:
$44,302
Net Operating Income:
$73,779
Market Rents (Annual):
$137,760
Rent Gap:
11%
Disclaimer*
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information.
Operating Expenses
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Property Tax Rate:
N/A
Property Tax (Base):
N/A
Property Tax (Additional Assessments):
N/A
Business License Fee:
N/A
Rent Board Fee:
N/A
Other Program Fee:
N/A
Property Management:
N/A
Resident Manager:
N/A
- Maintenance, Repairs, and Reserves : N/A
- Turnover Costs : N/A
- Landscaping : N/A
- Pest Control : N/A
- Janitorial : N/A
- Insurance : N/A
- Gas & Electricity : N/A
- Garbage : N/A
- Water & Sewer : N/A
- Other Utilities : N/A
Disclaimer*
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information.
Rent Roll
Log in to view all information| Unit Mix | Occupancy | Unit Size | Current Rent (Average) | Market Rent Estimate | Comments |
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