Six-Unit Multifamily
2334 California Street San Francisco, CA 94115
New
For Sale
$4,650,000
Fully occupied six-unit property with shared side courtyard and a walk-up entrance for three one-bedroom units.
Property Size5,500 SF
Price / SF$845.45
Days on Market6
Property Features for 2334 California Street
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Multi Family
Building Details
Year Built
1900
Listing Agency:
Engel & Voelkers San Francisco
(415) 689-8592
Listed By:
Michael B Johnston
Source:
Cityrealestatesf
Added: Jul 24
Changed: Jul 27
Last Checked: Jul 28 at 2:31PM
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 Engel & Voelkers San Francisco
Investment Insights
Based on property information with market context.
This six-unit multifamily property at 2334 California Street is a converted former mansion with a unit mix that includes three one-bedroom, one-bath flats with a dedicated walk-up entrance at 2332 California Street, two garden studio apartments accessed from the side alley and rear courtyard, and an expansive two-story owner’s residence. The owner’s unit features three bedrooms, four bathrooms, a private rooftop deck, and a built-in sauna. All units share a side courtyard and rear backyard.
The property is positioned in San Francisco’s Pacific Heights neighborhood, with access to the Fillmore Street corridor and nearby transit options including the 1 California, 22 Fillmore, 28 Divisadero, and 38 Geary Muni lines.
The overall configuration combines separate entry points for the one-bedroom flats with side-alley and courtyard access for the studios, plus common outdoor space serving the building.
The property is positioned in San Francisco’s Pacific Heights neighborhood, with access to the Fillmore Street corridor and nearby transit options including the 1 California, 22 Fillmore, 28 Divisadero, and 38 Geary Muni lines.
The overall configuration combines separate entry points for the one-bedroom flats with side-alley and courtyard access for the studios, plus common outdoor space serving the building.
Key Highlights
- Fully occupied six‑unit multifamily property in San Francisco (Pacific Heights), built in 1900.
- Unit mix: three 1BD/1BA flats with a dedicated walk‑up entrance at 2332 California Street.
- Two garden studio apartments accessed from the side alley and rear courtyard.
Financial Insights For Apartment 5plus
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 | $346.5k | $63.00 |
| − Vacancy | −$21.8k | −$3.97 |
| EGI | $324.7k | $59.03 |
| − OpEx | −$146.1k | −$26.56 |
| NOI | $178.6k | $32.47 |
5,500 SF · lease $63.00/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.55M
$2.23M – $2.98M
NOI $178,569 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$26.87M
$23.51M – $31.34M
NOI $1,880,567 @ 7.0% cap · market cap 40.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied six-unit property with shared side courtyard and a walk-up entrance for three one-bedroom units.
Where is this apartment building located?
The property is located at 2334 California Street San Francisco, CA.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: Fully occupied six‑unit multifamily property in San Francisco (Pacific Heights), built in 1900.; Unit mix: three 1BD/1BA flats with a dedicated walk‑up entrance at 2332 California Street.; Two garden studio apartments accessed from the side alley and rear courtyard.
