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253 5th Ave 3 Unit Apartment Building $2,300,000 ($766,667/Unit) 4.29% Cap Rate San Francisco, CA 94118
Investment Highlights
- Richmond District location near Golden Gate Park and Clement Street dining
- Capital improvements including new roof, siding, and electrical upgrade
- Two remodeled units with washer/dryer hookups ready for immediate occupancy
- Three spacious flats with flexible layouts and office nooks
- Detached structure on three sides with a generous backyard for outdoor space
- Each unit separately metered for PG&E, enhancing utility efficiency
Executive Summary
Nestled in the heart of San Francisco’s coveted Richmond District, 253-255 5th Avenue presents a rare opportunity to acquire a classic three-level triplex combining timeless architectural character with modern upgrades. This detached property, surrounded on three sides and featuring a generous backyard, offers exceptional flexibility for investors or owner-users seeking strong upside potential.
The building comprises three spacious flats: a top-floor 3-bedroom unit currently occupied, and two remodeled 2-bedroom units with office nooks—both vacant and ready for immediate leasing. Each unit boasts period details such as crown molding, built-in shelving, and hardwood floors, complemented by contemporary improvements including a complete electrical upgrade, new roof, all-new siding, and a reinforced rear retaining wall. Washer and dryer hookups in the remodeled units add convenience for future tenants.
Positioned between Clement Street and Golden Gate Park, the property benefits from a vibrant neighborhood atmosphere, renowned dining options, and seamless access to public transportation, retail, and everyday amenities. With a scheduled gross income of $162,264 and market rent projections reaching $234,000 annually, this asset offers compelling income growth potential. At a competitive price of $2,300,000 and a cap rate of 4.29%, investors can capitalize on San Francisco’s enduring demand for quality housing in prime locations.
This triplex is more than a property—it’s a strategic investment in one of the city’s most desirable residential corridors.
The building comprises three spacious flats: a top-floor 3-bedroom unit currently occupied, and two remodeled 2-bedroom units with office nooks—both vacant and ready for immediate leasing. Each unit boasts period details such as crown molding, built-in shelving, and hardwood floors, complemented by contemporary improvements including a complete electrical upgrade, new roof, all-new siding, and a reinforced rear retaining wall. Washer and dryer hookups in the remodeled units add convenience for future tenants.
Positioned between Clement Street and Golden Gate Park, the property benefits from a vibrant neighborhood atmosphere, renowned dining options, and seamless access to public transportation, retail, and everyday amenities. With a scheduled gross income of $162,264 and market rent projections reaching $234,000 annually, this asset offers compelling income growth potential. At a competitive price of $2,300,000 and a cap rate of 4.29%, investors can capitalize on San Francisco’s enduring demand for quality housing in prime locations.
This triplex is more than a property—it’s a strategic investment in one of the city’s most desirable residential corridors.
Property Facts
| Price | $2,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $766,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 4.29% | Building Size | 3,312 SF |
| No. Units | 3 | Average Occupancy | 33% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1904 |
| Zoning | RH3 - Property is designated for low to medium-density housing | ||
| Price | $2,300,000 |
| Price Per Unit | $766,667 |
| Sale Type | Investment |
| Cap Rate | 4.29% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,312 SF |
| Average Occupancy | 33% |
| No. Stories | 3 |
| Year Built | 1904 |
| Zoning | RH3 - Property is designated for low to medium-density housing |
Amenities
Site Amenities
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 3+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (88)
Property Taxes
| Parcel Number | 1428-011 | Improvements Assessment | $437,748 |
| Land Assessment | $1,313,244 | Total Assessment | $1,750,992 |
Property Taxes
Parcel Number
1428-011
Land Assessment
$1,313,244
Improvements Assessment
$437,748
Total Assessment
$1,750,992
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