8-Unit Apartment
For Sale
$3,450,000
Pending
2848 California Street, San Francisco, CA 94115
Eight residential units feature one-bedroom layouts, natural light, and open interiors with varying levels of updates.
Property Size5,952 SF
Days on Market67
Property Features for 2848 California Street
General Information
Standard status
Pending
Size
5,952 SF
Total Parking Spaces
8
Property subtype
Multi Family
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Additional Details
Utilities to Site
Yes
Amenities
shared coin-operated laundry machines
Building Details
Building Size
5,952 SF
Year Built
1959
Buildings
1
Listing Agency:
Coldwell Banker Commercial Realty
Listed By:
Dan McGue
(415) 474-1750
Source:
Realestatenovo
Added: Aug 14
Changed: Oct 17
Last Checked: Oct 16 at 2:23PM
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 Coldwell Banker Commercial Realty
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Investment Insights
Based on property information with market context.
Built in 1959, this apartment property contains eight one-bedroom, one-bath residences with open floorplans and strong natural light. Unit interiors have been updated to varying degrees. Building systems include electric ranges and gas wall heaters, while gas and electricity are separately metered for each unit.
The property includes an eight-car garage and shared coin-operated laundry equipment owned by the seller. Water and trash service are paid by the owner. The building is located on California Street in San Francisco’s Pacific Heights neighborhood.
The property includes an eight-car garage and shared coin-operated laundry equipment owned by the seller. Water and trash service are paid by the owner. The building is located on California Street in San Francisco’s Pacific Heights neighborhood.
Key Highlights
- Eight one‑bedroom, one‑bath apartment units
- Eight‑car garage included with the property
- Units feature open floorplans and abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,244
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,864,880
$3.9M
Cap Rate 7%
$2,760,629
$2.8M
Cap Rate 9%
$2,147,156
$2.1M
Market Conditions
NOI Build-Up for 5,952 SF
Gross rent
$375.0K $63.00/SF
− Vacancy
−$23.6K −$3.97/SF
EGI
$351.4K $59.03/SF
− OpEx
−$158.1K −$26.56/SF
NOI
$193.2K $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%
$3,864,880
Cap Rate 7%
$2,760,629
Cap Rate 9%
$2,147,156
Alternative Uses
Best Use
Apartment 5plus
$2.76M
$2.42M – $3.22M
NOI $193,244 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$29.07M
$25.44M – $33.92M
NOI $2,035,115 @ 7.0% cap · market cap 58.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8,217
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight residential units feature one-bedroom layouts, natural light, and open interiors with varying levels of updates.
Where is this apartment building located?
The property is located at 2848 California Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Eight one‑bedroom, one‑bath apartment units; Eight‑car garage included with the property; Units feature open floorplans and abundant natural light
