1423 47th Ave — Sale in San Francisco, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: San Francisco, CA 94122
Photos
Investment Figures
- Cap rate
- 4.12%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
1243 47th Avenue presents an attractive investment opportunity in San Francisco, offering a fully occupied two-unit multifamily property with stable in-place income and strong tenant demand. The oversized floorplans make this offering ideal for an owner user move-in, at a fraction of the cost of non-conforming bonus unit of 1bed/1bath (originally part of middle, second floor, unit). Built circa 1974, the property consists of two spacious three-bedroom, two-bathroom units and one nonconforming one-bedroom, one-bathroom unit, creating a desirable unit mix that appeals to a broad tenant base. The asset benefits from a highly functional layout, including a two-car garage located beneath the building and additional driveway parking for up to two vehicles, a valuable amenity in the San Francisco rental market. The property has been updated over time and is well-positioned for continued rental performance. The kitchens were remodeled and feature granite countertops, tile flooring, and updated finishes, while luxury vinyl plank flooring extends throughout the living areas of each unit. Tenants also enjoy access to a shared backyard space, enhancing the property's overall appeal. With 100% occupancy, updated interiors, ample parking, and outdoor space, 1243 47th Street offers investors a turnkey income producing asset with the potential for long-term appreciation and future rental growth. Investment Highlights: • Two-units, plus non-conforming bonus unit, property built circa 1974 • Top two levels are spacious 3-bedroom, 2-bath units with bonus non-conforming 1-bedroom, 1-bath unit on bottom floor with direct backyard access. • Ideal opportunity for potential owner user, with spacious floorplans and property offered at a fraction of the cost per square foot nearby single family homes. • Desirable coastal location offering a balance of urban convenience, proximity to beach, nearby cafes and restaurants, and neighborhood charm. • Two-car garage plus two additional drivewa
Market Context
This multifamily in San Francisco, CA is listed for sale. It is offered at an approximate 4.1% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in San Francisco, CA — view the full market.
As of Q1 2026, the San Francisco multifamily market showed average asking rents near $2998.00/unit/mo, and rents up 5.8% year over year. Source: multiple brokerage reports, Q1 2026.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Contact
- Jon Holmquist · (415) 625-2117 · jon.holmquist@marcusmillichap.com
- Ning Ho · (415) 625-2192 · ning.ho@marcusmillichap.com
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