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2275 California St 3 Unit Apartment Building $4,500,000 ($1,500,000/Unit) 6.03% Cap Rate San Francisco, CA 94115
Investment Highlights
- Large 2-Story 4-bedroom/2-bathroom Owner's Unit Delivered Vacant for Owner-User or Investor
- Premium location in Pacific Heights between Webster & Buchanan St
- Strong in-place Cash Flow with over a 6% In-Place Return
- Over 6,000 Square Feet of Building Area
- Steps away from Upper Fillmore Street dining, shopping and retail
- Dedicated Laundry to Each Unit, Large Shared Backyard
Executive Summary
Introducing a rare opportunity to acquire an iconic Pacific Heights property with a rich architectural history at 2275 California Street. This impressive three-unit triplex encompasses approximately 6,000 square feet and offers a compelling blend of investment income and owner-user potential. The property currently consists of two tenant-occupied residences, including a spacious 3-bedroom, 1.5-bath flat and a well-appointed 2-bedroom, 1.5-bath flat both with dedicated laundry in the lower storage area. The crown jewel of the offering is the expansive two-story owner's residence, featuring 4 bedrooms and 2 bathrooms with in-unit laundry, which will be delivered vacant at closing. This exceptional owner's unit presents an ideal opportunity for an owner-occupant, entrepreneur, executive, or tech founder seeking a premier San Francisco residence while benefiting from supplemental rental income. Additional amenities include two generous private storage rooms accessed from the tradesman alley and a beautifully landscaped shared backyard perched above the surrounding neighborhood. The outdoor space captures sweeping views in multiple directions, including Twin Peaks, Cole Valley, Alta Plaza Park, and portions of the San Francisco Bay. Located in the heart of Pacific Heights, one of San Francisco's most prestigious neighborhoods, 2275 California Street offers an unparalleled combination of scale, flexibility, income potential, and lifestyle appeal.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $1,500,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 6.03% | Building Size | 6,000 SF |
| Gross Rent Multiplier | 12.5 | Average Occupancy | 33% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2026 |
| Property Subtype | Apartment | ||
| Zoning | RH2 | ||
| Price | $4,500,000 |
| Price Per Unit | $1,500,000 |
| Sale Type | Investment |
| Cap Rate | 6.03% |
| Gross Rent Multiplier | 12.5 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 6,000 SF |
| Average Occupancy | 33% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2026 |
| Zoning | RH2 |
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Dishwasher
- Fireplace
- Washer/Dryer
- Granite Countertops
- Hardwood Floors
- Range
- Views
- Walk-In Closets
- Wi-Fi
- Yard
- Attic
- Deck
- Family Room
- Garden
- Office
- Quartz Countertops
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | $20,000 | 2,200 |
| 2+1.5 | 1 | $5,995 | 850 |
| 3+1.5 | 1 | $3,300 | 1,500 |
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Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0652-025 | Total Assessment | $1,111,210 (2025) |
| Land Assessment | $513,783 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $597,427 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
0652-025
Land Assessment
$513,783 (2025)
Improvements Assessment
$597,427 (2025)
Total Assessment
$1,111,210 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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2275 California St
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