1874 Vallejo St — Sale in San Francisco, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Francisco, CA 94123

Photos

1874 Vallejo St — Sale in San Francisco, CA, photo 1 of 2
1874 Vallejo St — Sale in San Francisco, CA, photo 2 of 2

Investment Figures

Cap rate
4.34%

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

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. Investment Highlights: • Prime Pacific Heights/Marina Location near Union & Chestnut Street • Large, Classic Marina Style 1-Bedroom Units • Beautiful, Private Backyard • One of San Francisco's Most Desirable Neighborhoods

Market Context

This multifamily in San Francisco, CA is listed for sale. It is offered at an approximate 4.3% 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.

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