Nob Hill Multifamily Value-Add
1175-1181 Pacific Ave, San Francisco, CA 94133
New
Four-unit apartment building in desirable Nob Hill neighborhood.
Type:Multifamily
Property size:
6,070 SFLot size:
0.07 AcresPrice / SF:
$395/SF- Added:
- Jun 1, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 1 at 3:26 am
Property Features for 1175-1181 Pacific Ave
General Information
- Standard status
- Active
- Size
- 6,070 SF
- Lot size
- 0.07 Acres
- Property subtype
- Multifamily
Listing agent Ning Ho License #License(s): CA: 01943903 (415) 625-2192
Listing office MARCUS & MILLICHAP (415) 625-2192
Listing date Jun 1, 2026
Source Marcusmillichap
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of MARCUS & MILLICHAP
HighLights
- Prime Nob Hill location with easy access to Polk Street, Union Street, Chinatown, North Beach, and the Financial District.
- Significant value‑add opportunity with rental upside and potential for owner‑user occupancy upon renovation.
- Impressive Bay and city views from the roof.
- Delivered mostly vacant, including a spacious 5 Bed / 4 Bath residence with direct indoor garage access and a separate 2 Bed / 1 Bath cottage.
- Two buildings totaling approximately 6,070 square feet of living space.
- Zoned Residential‑Mixed (RM‑1).
Overview
Located in San Francisco’s Nob Hill neighborhood, 1175–1181 Pacific Ave is a four-unit apartment building. Built in 1907, the property consists of two buildings totaling approximately 6,070 square feet of living space on a 3,223 square-foot lot. Positioned along one of the city’s elevated corridors, the property offers Bay and city views from the roof. The front main building features one tenant-occupied 2 Bed / 1 Bath unit (#1181) on the lower level, currently paying $1,900 per month. The top two levels, Units #1177 and #1179, were combined into one spacious 5 Bed / 4 Bath residence with direct indoor garage access and have been owner occupied for over 50 years. The property also includes a separate two-level cottage located in the rear yard, featuring ground-level storage and an upper-level 2 Bed / 1 Bath unit. Except for Unit #1181, all units will be delivered vacant, including the garage. The property is zoned Residential-Mixed (RM-1). The property is conveniently located near the Polk Street and Union Street retail corridors, providing easy access to popular restaurants, cafés, grocery stores, and neighborhood services. Chinatown, North Beach, and the Financial District are all within close proximity, offering convenient access to major business, dining, and entertainment destinations. The property’s prime central location and strong neighborhood appeal present a rare value-add opportunity with significant rental upside and excellent potential for owner-user occupancy upon renovation.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $327.8k | $54.00 |
| − Vacancy | −$19.6k | −$3.23 |
| EGI | $308.2k | $50.77 |
| − OpEx | −$92.5k | −$15.23 |
| NOI | $215.7k | $35.54 |
6,070 SF · lease $54.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$3.08M
$2.70M – $3.60M
NOI $215,725 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$2.82M
$2.46M – $3.28M
NOI $197,075 @ 7.0% cap · market cap 8.21%
Theoretical Best
Specialty Retail
$29.65M
$25.94M – $34.59M
NOI $2,075,462 @ 7.0% cap · market cap 86.48%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Mateo
- State
- California
- Longitude
- -122.414536
- Latitude
- 37.79572
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit apartment building in desirable Nob Hill neighborhood.
Where is this quadplex located?
The property is located at 1175-1181 Pacific Ave San Francisco, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Prime Nob Hill location with easy access to Polk Street, Union Street, Chinatown, North Beach, and the Financial District.; Significant value‑add opportunity with rental upside and potential for owner‑user occupancy upon renovation.; Impressive Bay and city views from the roof.
