Map
Listed price in listed location currency (USD).
$3,400,000

603

MLS® 426154283

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 6681 sqft
Garage Yes
Taxes 
Days Active 1
Lot Size 0.0836 Acres
Approx. Age 1924
Avg. Price Per Sqft $508
MLS® Number 426154283

Property Address: 1874 Vallejo St, San Francisco, CA, 94123-4991

Average square foot calculated using Size range provided by listing agent.

Description

1874 Vallejo Street is a 6-unit multifamily asset located in San Francisco's highly desirable Pacific Heights / Marina submarket, offering investors the opportunity to acquire a fully occupied property with meaningful rental upside. Built in 1924, the 6, 681 SF building sits on a 0.08-acre lot and is zoned RM-1 (Residential - Mixed, Low Density). Offered at $3, 400, 000, the property represents an attractive acquisition opportunity at $566, 667 per unit and $509 per SF, with a 4.28% current cap rate and 14.54 GRM. The property features six one-bedroom units averaging approximately 1, 114 SF per unit. Current operations generate $233, 808 in annual gross rent and $231, 174 in effective gross income, producing $145, 602 in current NOI. With market rents estimated at approximately $4, 400 per unit, the asset offers significant mark-to-market potential with pro forma NOI projected at $220, 177 and a 6.48% pro forma cap rate. Ideally located near premier neighborhood amenities, retail, dining, parks, and transportation, 1874 Vallejo Street benefits from strong tenant demand and long-term ownership appeal. The combination of stabilized occupancy, below-market rents, and a desirable one-bedroom unit mix presents an attractive opportunity to acquire a well-positioned San Francisco multifamily asset with built-in value creation potential.
MLS® Number426154283
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1924
Basement
DrivewayGarage
Garage Spaces
Heat
A/C

Extras

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