2358 Jones St — Sale in San Francisco, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Francisco, CA 94133

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2358 Jones St — Sale in San Francisco, CA, photo 2 of 2

Investment Figures

Cap rate
1.77%

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

2358 Jones Street presents a compelling multifamily investment opportunity in San Francisco's highly desirable Russian Hill neighborhood. Originally constructed in 1917, this two-unit residential asset offers a well-maintained profile within one of the city 's most sought-after neighborhoods, providing future residents with convenient access to premier retail, dining, recreation, and lifestyle amenities. The Property is delivered 100% vacant, allowing investors to set rents from day one to generate a scheduled gross potential rent of $132,000 annually. Supported by nation-leading rent growth, the asset offers significant immediate upside through full lease-up to market rates of $5,500 per month per unit. Offered at $2,400,000 – equating to $1,200,000 per unit and $985 per square foot – the Property provides investors with an attractive basis and a clear path to stabilized cash flow. Strategically located in Russian Hill, 2358 Jones Street benefits from strong renter demand, surging year-over-year rent growth, and proximity to San Francisco's premier residential amenities. The combination of a 100% vacant delivery, substantial lease-up upside, and an irreplaceable location creates an opportunity to acquire a high-quality residential asset with immediate stabilization and long-term appreciation potential. Investment Highlights: • 50% vacant, providing immediate flexibility for an owner-user or investor. • Premier Russian Hill location with a 98 Walk Score and strong renter demand. • Two spacious 2-bedroom units averaging approximately 1,218 SF each.

Market Context

This multifamily in San Francisco, CA is listed for sale. It is offered at an approximate 1.8% 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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