Telegraph Hill Multifamily Investment
447 Green Street, San Francisco, CA 94133
Two-building compound with five flats, development potential, prime location.
Type:Multifamily
Property size:
6,375 SFLot size:
0.15 AcresPrice / SF:
$368/SF- Added:
- May 23, 2026
- Days on Market:
- 11
- Last Refresh:
- May 27 at 8:21 am
Property Features for 447 Green Street
General Information
- Standard status
- Active
- Size
- 6,375 SF
- Lot size
- 0.15 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1907
Listing agent Matthew C. Sheridan License #01878802
Listing office Maven Commercial, Inc
Listing date May 23, 2026
Source Crexi
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 Maven Commercial, Inc
HighLights
- Rare 2‑building compound on Telegraph Hill with sweeping Coit Tower views.
- One vacant 3‑bedroom flat and two‑car tandem parking delivered vacant, offering immediate upside.
- Excellent location near North Beach restaurants, cafes, and the Financial District.
- Potential to convert rear building flats to condominiums.
- Opportunity to add an additional dwelling unit (ADU) to the front building.
- Low operating expenses with residents covering water, heat, and garbage.
Overview
Located on the western slope of Telegraph Hill, 447 Green Street presents a rare opportunity to acquire a two-building compound. The property, situated on two parcels totaling approximately 6,375 square feet, features five full-floor, three-bedroom flats. These flats include formal living and dining rooms, hardwood floors, in-unit washer and dryers, abundant natural light, and views of Coit Tower from most units. Several units feature renovated kitchens and baths. The front building on Green Street contains three flats, including one unit that will be delivered vacant, along with two-car tandem parking delivered vacant and storage space. A courtyard beside the rear building leads to two additional flats, a private deck, and an entrance on Pollard Place off Vallejo Street. Residents cover water, heat, and garbage, contributing to low operating expenses. This property presents an investment opportunity for both investors and owner-users seeking upside through the vacant flat and parking. The rear structure offers the opportunity to convert the flats to condominiums, while the front building provides sufficient height and space for a potential additional dwelling unit. The property is located steps from North Beach's restaurants, cafes, nightlife, and retail corridors, and blocks from Jackson Square and the Financial District.
Local 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 | $401.6k | $63.00 |
| − Vacancy | −$25.3k | −$3.97 |
| EGI | $376.3k | $59.03 |
| − OpEx | −$169.3k | −$26.56 |
| NOI | $207.0k | $32.47 |
6,375 SF · lease $63.00/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.96M
$2.59M – $3.45M
NOI $206,977 @ 7.0% cap · market cap 8.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$31.14M
$27.25M – $36.33M
NOI $2,179,748 @ 7.0% cap · market cap 92.76%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Mateo
- State
- California
- Longitude
- -122.406525
- Latitude
- 37.799625
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two-building compound with five flats, development potential, prime location.
Where is this apartment building located?
The property is located at 447 Green Street San Francisco, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Rare 2‑building compound on Telegraph Hill with **sweeping Coit Tower views**.; **One vacant 3‑bedroom flat and two‑car tandem parking delivered vacant**, offering immediate upside.; Excellent location near North Beach restaurants, cafes, and the Financial District.
