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2332-2334 California Street 6 Unit Apartment Building $4,650,000 ($775,000/Unit) 4.92% Cap Rate San Francisco, CA 94115
Executive Summary
2334 California Street is a beautifully converted former mansion that now comprises a fully occupied six-unit multifamily property in the heart of San Francisco's prestigious Pacific Heights neighborhood. Combining timeless architectural character with strong in-place cash flow, the property presents an exceptional opportunity for both investors and future owner-occupants. Ideally situated just steps from the vibrant Fillmore Street corridor, residents enjoy immediate access to some of San Francisco's finest restaurants, boutique shopping, artisanal coffee shops, craft cocktail bars, and the open green space of Alta Plaza Park. The property also offers outstanding connectivity via the 1 California, 22 Fillmore, 28 Divisadero, and 38 Geary Muni lines. The property's diverse unit mix consists of three (3) onebedroom/ one-bathroom flats with a dedicated walk-up entrance (2332 California Street), two (2) garden studio apartments accessed from the side alley and rear courtyard, and an impressive two-story owner's residence spanning over 2,000 square feet. The owner's unit features three bedrooms, four bathrooms, a private rooftop deck with panoramic city views, and a built-in sauna, creating a truly unique residential offering. All units share a side courtyard / rear backyard.
Property Facts
| Price | $4,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $775,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 4.92% | Building Size | 5,481 SF |
| Gross Rent Multiplier | 14.3 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | RH2 | ||
| Price | $4,650,000 |
| Price Per Unit | $775,000 |
| Sale Type | Investment |
| Cap Rate | 4.92% |
| Gross Rent Multiplier | 14.3 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 5,481 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | RH2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 238 |
| 1+1 | 3 | - | 442 - 558 |
| 3+4 | 1 | - | 2,436 |
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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 | 0636-011 | Improvements Assessment | $109,483 |
| Land Assessment | $54,733 | Total Assessment | $164,402 |
Property Taxes
Parcel Number
0636-011
Land Assessment
$54,733
Improvements Assessment
$109,483
Total Assessment
$164,402
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2332-2334 California Street
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