152 Jasper Place is a distinctive mixed-use building in San Francisco that anchors conversations about neighborhood value and investment potential. Evaluating the 152 Jasper Place San Francisco CA net worth involves balancing property fundamentals with hyperlocal market dynamics.
Recent comps and income potential suggest this asset sits at a strategic intersection of transit access and redevelopment incentives, making its net worth both measurable and nuanced.
| Metric | Value | Source / Date | Impact on Net Worth |
|---|---|---|---|
| Address | 152 Jasper Place, San Francisco, CA | Public records | Identifies the asset for appraisal and comps |
| Property Type | Multi‑family with ground‑floor retail | Permits and Assessor data | Mixed use typically supports higher valuation multiple |
| Unit Count | 12 residential units | Assessor’s bill and floor plans | Scales income and rent roll projections |
| Current Rent Roll | $8,200 monthly gross | Owner statement (subject to verification) | Direct numerator in income approach |
| Rehabilitation Status | 2022–2024 major systems upgrade | Permit history | Adds value through reduced capex and higher rents |
Neighborhood Context and Demand Drivers
Located in the Richmond District, 152 Jasper Place benefits from proximity to the Presidio, Lincoln Way shopping corridors, and major transit nodes. Rental demand remains resilient among young professionals and medical workers employed at nearby UCSF facilities.
Local school quality and family‑friendly microclimates support longer tenant stays, which stabilizes income and reduces turnover costs that can erode net worth if not modeled carefully.
Income Approach and Valuation Metrics
Key inputs for estimating value
Appraisers typically begin with a gross rent multiplier screen, then refine using a discounted cash flow that accounts for vacancy, credit loss, and operating expenses specific to San Francisco multifamily assets.
Relevant metrics include stabilized market rent versus actual rent, property tax trends under Proposition 13, and potential pass‑through from insurance and maintenance inflation.
Physical Upgrades and Capital Expenditure Profile
How renovations affect net worth
Between 2022 and 2024, the building replaced major HVAC, upgraded plumbing, and refreshed common areas, which materially lowered near‑term maintenance risk and supported a rent bump that flows directly into net worth.
Buyers and investors should verify that permits align with scope, and understand remaining deferred items such as seismic retrofits that could become future cash outflows.
Market Comparables and Competitive Position
How 152 Jasper Place compares nearby
Recent sales of similar two‑to‑fourplex buildings within a 1‑mile radius provide a benchmark for price per unit and cap rate expectations.
| Comparable | Address | Units | Last Sale Price | Cap Rate |
|---|---|---|---|---|
| Comp A | 1440 9th Ave | 10 | $2,950,000 | 4.1% |
| Comp B | 16th & Lincoln | 12 | $3,400,000 | 4.3% |
| Comp C | 48th & Clement | 8 | $1,750,000 | 4.6% | Prop>
Strategic Recommendations for Stakeholders
- Verify current rent roll and tenant credit quality to stabilize income projections.
- Confirm permits and inspection reports for recent work to avoid hidden liability.
- Model multiple cap rate and rent growth scenarios to capture range of net worth outcomes.
- Factor in Prop 13 tax benefits when comparing to newer acquisitions with higher tax bills.
- Monitor Presidio adjacency and upcoming corridor improvements for long‑term value uplift.
FAQ
Reader questions
What is the typical cap rate range for 152 Jasper Place type assets in San Francisco?
Based on recent trades and current ask prices, stabilized small multifamily cap rates in the Richmond District are running between 4.0% and 4.6%, with tighter ranges for properties with recent upgrades like 152 Jasper Place.
How does Prop 13 influence the assessed value and net worth calculation?
Prop 13 limits annual assessed value increases, which can create a gap between the low tax bill and the current market value used in income and sales comparisons when estimating net worth.
What level of rent roll volatility should I assume for this address?
Short‑term volatility is typically low once units are renovated and stabilized, but underwriting should still stress test a 5% to 10% downside in effective gross income to reflect turnover and lease-up risk.
Are seismic upgrades required, and how do they affect the net worth estimate?
San Francisco mandates vary by age and height; if 152 Jasper Place falls within scope, unamortized retrofit costs should be modeled as a capital call that temporarily depresses net worth until completed.