2263-2269 Sacramento St — Sale in San Francisco, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: San Francisco, CA 94115
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Investment Figures
- Cap rate
- 7.16%
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
The Addison is a rare and unique hospitality asset located at 2263 Sacramento Street in San Francisco’s prestigious Pacific Heights neighborhood. Situated just steps from the famed Upper Fillmore shopping district and the CPMC Pacific Heights Outpatient Center, the property places residents and guests at the nexus of the city’s most sought-after community. The 28-unit, tech-enabled property underwent a comprehensive, high-end renovation between 2018 and 2022, modernizing all structural and mechanical systems. It features hardwood flooring, fire sprinklers, new plumbing and electrical, radiant floor heating, keyless entry systems, 24-hour guest support, and outdoor common areas including a rear barbecue space and tenant decks. The asset is split into two distinct income streams: 17 units operated as short-term stays by Kasa (achieving 90% occupancy), and 11 units operated as 100% occupied long-term rentals managed by ReListo. All units are furnished and the short term rentals feature in unit kitchenettes and laundry. The top floor units are two level suites with skylights providing abundant sunlight throughout. Each unit has a private bath. Furthermore, turnkey operations are fully supported by an experienced resident manager living on-site who wishes to stay, alongside both professional management teams. Offered at an attractive price per foot and an exceptional 7.2% cap rate, The Addison provides a high-yielding, dual-stream investment model that combines long-term stability with short-term hospitality upside. This turnkey asset is exceptionally positioned to capture continued top-line growth as San Francisco experiences its economic and cultural resurgence. Investment Highlights: • Prime Pacific Heights Location: Situated at 2263 Sacramento Street right next to the vibrant Fillmore Street corridor, offering premier access to neighborhood dining, shopping, and culture. • Positioned at the forefront of the city's powerful economic and cultural resurgence, driven
Market Context
This multifamily in San Francisco, CA is listed for sale. It is offered at an approximate 7.2% 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
- Ryan Rothstein-Serling · (818) 212-2725 · ryan.serling@marcusmillichap.com
- Clinton Textor · (415) 625-2157 · ctextor@marcusmillichap.com
- Carlos Moralejo · (415) 625-2115 · carlos.moralejo@marcusmillichap.com
- Marty Agnew · (818) 212-2744 · martin.agnew@marcusmillichap.com
Explore this market
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