Three-Unit Residential
For Sale
$4,500,000
2275 California Street, San Francisco, CA 94115
A vacant two-story residence offers four bedrooms, while two additional flats provide existing rental occupancy.
Property Size6,000 SF
Price / SF$750
Days on Market134
Property Features for 2275 California Street
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Triplex
Site & Location
Neighborhood
Pacific Heights
Units
Unit Mix
1 x 4BR/2BA, 1 x 3BR/1.5BA, 1 x 2BR/1.5BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Amenities
shared backyard
Building Details
Building Size
6,000 SF
Year Built
1900
Buildings
1
Listing Agency:
Side
Listed By:
Clearstory Real Estate
(415) 762-0777
Source:
Clearstoryre
Added: Jun 17
Changed: Oct 26
Last Checked: Oct 26 at 3:17PM
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 Side
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Investment Insights
Based on property information with market context.
This 1900-built triplex contains approximately 6,000 square feet across three residences. The two-story owner’s unit has four bedrooms, two bathrooms, and in-unit laundry; it will be vacant at closing. The other flats include a three-bedroom, one-and-a-half-bath residence and a two-bedroom, one-and-a-half-bath residence. Laundry for both is located in the lower storage area, and two private storage rooms are reached from the tradesman alley.
Residents share a landscaped backyard with views in several directions, including Twin Peaks, Cole Valley, Alta Plaza Park, and parts of San Francisco Bay. The two smaller flats are tenant-occupied, while the larger residence is slated for delivery vacant.
Residents share a landscaped backyard with views in several directions, including Twin Peaks, Cole Valley, Alta Plaza Park, and parts of San Francisco Bay. The two smaller flats are tenant-occupied, while the larger residence is slated for delivery vacant.
Key Highlights
- Three residences totaling approximately 6,000 square feet
- Two‑story owner’s residence with 4 bedrooms and 2 bathrooms; vacant at closing
- Tenant‑occupied flats include 3 bedrooms and 1.5 baths, and 2 bedrooms and 1.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$213,237
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,264,740
$4.3M
Cap Rate 7%
$3,046,243
$3.0M
Cap Rate 9%
$2,369,300
$2.4M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$324.0K $54.00/SF
− Vacancy
−$19.4K −$3.23/SF
EGI
$304.6K $50.77/SF
− OpEx
−$91.4K −$15.23/SF
NOI
$213.2K $35.54/SF
Area
San Francisco, CA
Vacancy
5.98%
Lease Rate
$54.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,264,740
Cap Rate 7%
$3,046,243
Cap Rate 9%
$2,369,300
Alternative Uses
Best Use
Multifamily LT 5
$3.05M
$2.67M – $3.55M
NOI $213,237 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$2.78M
$2.44M – $3.25M
NOI $194,802 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$29.31M
$25.64M – $34.19M
NOI $2,051,528 @ 7.0% cap · market cap 45.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
11,715
Businesses Nearby
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Business Placement
Demographics for 94115, CA
35,853
Population
19,312
Households
1.9
Avg Household Size
38
Median Age
74%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
32,594
Density / Sq Mi
$154,264
Median Household Income
$103,538
Median Earnings
$2,380
Median Rent
$1,684,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - A vacant two-story residence offers four bedrooms, while two additional flats provide existing rental occupancy.
Where is this triplex located?
The property is located at 2275 California Street San Francisco, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Three residences totaling approximately 6,000 square feet; Two‑story owner’s residence with 4 bedrooms and 2 bathrooms; vacant at closing; Tenant‑occupied flats include 3 bedrooms and 1.5 baths, and 2 bedrooms and 1.5 baths
