January 2021 Market Report for Residential 5+ Unit Buildings
Pandemic, shelter in place, unemployment soars, terrible financial hardships for many residents and small businesses, new ways of working, office buildings empty, people move, vacancy rates climb, rents plunge, sales drop, rigorous limits on evictions, new landlord-tenant laws, dreadful fires, an anxious presidential election, interest rates to historic lows, stock markets to new highs, and IPO mania breaks out again. A year of extremes and a challenging year for the residential income market.
5+ unit residential income buildings. Sales reported to MLS. This market consists of a relatively small number of sales, of buildings of widely varying sizes, qualities and financial characteristics, across a broad range of locations: This makes meaningful statistical analysis more difficult. Data from sources deemed reliable, but may contain errors and subject to revision. 2020 numbers are estimates using data available in early 2021: Late reported sales may alter these numbers. All numbers are approximate.
Median Sales Price Trends since 2011
San Francisco 5-15 Unit Residential Apartment Buildings

Annual Sales Volume
San Francisco 5+ Unit Residential Building Sales

Multi-Unit Residential Property Sales, 5+ Units
2020 Sales by San Francisco District

San Francisco Residential Rents - Estimated & Approximate
Weighted Average Asking Rent, Q1 Data Points, 1994 - Present

San Francisco 5+ Unit Apartment Building Sales
Average Dollar per Square Foot Values

Average Gross Rent Multiples
San Francisco 5+ Unit Apartment Building Sales

Average Cap Rates
San Francisco 5+ Unit Apartment Building Sales

Average Price per Unit
San Francisco 5+ Unit Apartment Building Sales

Average Price per Unit - Selected Submarkets
5+ Unit Apartment Building Sales in 2020

San Francisco 5+ Unit Apartment Building Sales
2020 Sales by Price Segment

San Francisco Apartment Building Market - 5+ Units
New Listings Coming on Market in Quarter

San Francisco Apartment Building Market - 5+ Units
Active Listings Listed for Sale at End of Month

Percentage of Listings Accepting Offers in Quarter
San Francisco 5+ Unit Building Market Dynamics

San Francisco Apartment Building Market - 5+ Units
Listings Closing Sale in Quarter since 2017

Average Days on Market until Acceptance of Offer
San Francisco Multi-Unit Residential Sales since 2010

San Francisco Apartment Building Sales
Top 7 Brokers, 5+ Unit Residential Sales, 2019-2020*

Note that the quantity of sales in any given local submarket is usually relatively small and/or the number of sales that report the necessary financial information can be limited. Buildings of different ages, qualities and sizes selling in different periods can cause these average and median figures to fluctuate significantly. Furthermore, the reliability of some of these calculations depends upon the quality of the income and expense figures provided by the listing agents, and sometimes instead of actual numbers, much less meaningful projected or scheduled figures are used. Therefore, the above statistics should be considered very general indicators, and how they apply to any particular property without a specific comparative market analysis is unknown. If you would like such a specific analysis, please contact me.
These analyses were made in good faith with data from sources deemed reliable, but they may contain errors and are subject to revision. Statistics are generalities and all numbers should be considered approximate.
Compass is a real estate broker licensed by the State of California, DRE 01527235. Equal Housing Opportunity. This report has been prepared solely for information purposes. The information herein is based on or derived from information generally available to the public and/or from sources believed to be reliable. No representation or warranty can be given with respect to the accuracy or completeness of the information. Compass disclaims any and all liability relating to this report, including without limitation any express or implied representations or warranties for statements contained in, and omissions from, the report. Nothing contained herein is intended to be or should be read as any regulatory, legal, tax, accounting or other advice and Compass does not provide such advice. All opinions are subject to change without notice. Compass makes no representation regarding the accuracy of any statements regarding any references to the laws, statutes or regulations of any state are those of the author(s). Past performance is no guarantee of future results.