Six-Unit Multifamily
For Sale
$4,650,000
2334 California Street, San Francisco, CA 94115
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 Market97
Property Features for 2334 California Street
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Pacific Heights
Building Details
Building Size
5,500 SF
Year Built
1900
Listing Agency:
Engel & Voelkers San Francisco
Listed By:
Michael B Johnston
(415) 794-6453
Source:
Cityrealestatesf
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 26 at 11:18PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$178,569
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,571,380
$3.6M
Cap Rate 7%
$2,550,986
$2.6M
Cap Rate 9%
$1,984,100
$2.0M
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$346.5K $63.00/SF
− Vacancy
−$21.8K −$3.97/SF
EGI
$324.7K $59.03/SF
− OpEx
−$146.1K −$26.56/SF
NOI
$178.6K $32.47/SF
Area
San Francisco, CA
Vacancy
6.30%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,571,380
Cap Rate 7%
$2,550,986
Cap Rate 9%
$1,984,100
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
8,963
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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.
