Get in Touch
Address 750 Battery St, 5th Fl San Francisco, CA 94111
Get in Touch
Get in Touch
Address 750 Battery St, 5th Fl San Francisco, CA 94111
Philip Batlin of Marcus & Millichap has closed 29 transactions in San Francisco since 2009, including 27 apartment and mixed use sales totaling 187 units. His San Francisco work runs from the Marina and Cow Hollow to Bernal Heights, the Mission and the Outer Richmond.
He represents long term owners, families, trusts and partnerships selling 2 to 20 unit buildings, and works with 1031 exchange buyers looking for replacement apartment buildings in the city.
Listings change quickly. See all available properties.
Buyers value apartment buildings on income. We start with your rent roll and operating expenses to find net operating income, then measure it against the four numbers buyers check: the cap rate, price per unit, price per square foot and gross rent multiplier (GRM) of similar San Francisco buildings that have actually sold. In San Francisco the details carry extra weight: most units in buildings built before June 13, 1979 fall under the city's Rent Ordinance, so in place rents, vacant units and seismic retrofit status all move the price. Request a confidential valuation.
The Batlin Group's San Francisco closings: 29 in all, including 27 apartment and mixed use sales. Some buildings appear more than once because they traded more than once.
Source: Marcus & Millichap transaction records. Represented the seller and buyer means Philip handled both sides of the sale. See more sold properties.
It depends on your rent roll, expenses, condition, rent control exposure and the cap rates buyers are paying for similar buildings nearby. Philip can prepare a confidential broker opinion of value with the comparable sales behind it, with no obligation to list.
It changes how buyers underwrite it. Buyers look closely at the gap between in place rents and market rents, how many units are vacant or near market, and the building's history. A well presented rent roll and clear disclosures help protect your price.
Yes. Many of our San Francisco sales are 2 to 9 unit buildings, alongside larger properties such as the 18 units at 395 Euclid Avenue and the 15 units at 1601 Beach Street.
Yes. Under the federal rules you have 45 days after closing to identify replacement property and 180 days to complete the purchase, so it pays to plan the sale and the replacement search together. Learn more on our 1031 exchange page, and talk to your tax advisor about your situation.
Yes. Many owners prefer a quiet, off market sale to a short list of qualified buyers. Ask about our off market approach.
Call Philip Batlin at (415) 625-2189 or request a confidential valuation. Also see our work in San Mateo County, Santa Clara County and the East Bay.
Address 750 Battery St, 5th Fl San Francisco, CA 94111
Address 750 Battery St, 5th Fl San Francisco, CA 94111