2848 California St 8 Unit Apartment Building $3,450,000 ($431,250/Unit) 4.63% Cap Rate San Francisco, CA 94115

This eight-unit multifamily property is located in San Francisco's highly sought-after Pacific Heights neighborhood, positioned between Divisadero and Broderick Streets. The property's premier location places residents within close proximity to neighborhood retail, dining destinations, public transportation, parks, and many of the amenities that make Pacific Heights one of the city's most desirable residential districts.
The building features a consistent unit mix of eight one-bedroom, one-bath residences, appealing to a broad tenant base seeking well-located urban housing. Several units have been updated with luxury vinyl plank flooring, offering a contemporary interior finish while maintaining durability and ease of maintenance. Ample storage throughout the property provides additional functionality and convenience for residents.
A notable feature of the asset is the availability of eight garage parking spaces, an increasingly valuable amenity in San Francisco's competitive housing market. The property's parking capacity enhances resident convenience and contributes to tenant retention. Electric stoves are installed throughout the residential units, providing a practical and consistent appliance package.
The combination of a desirable Pacific Heights location, balanced unit mix, on-site parking, updated interiors, and functional resident amenities creates an attractive investment opportunity. With its location between two prominent neighborhood corridors and continued demand for rental housing in the area, the property is well-positioned to appeal to investors seeking a stable multifamily asset in one of San Francisco's most established residential neighborhoods.