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4-Unit Residential Building with Garage
For Sale
$2,295,000

4918 California Street, San Francisco, CA 94118

Four two-bedroom residences include a renovated vacant unit with in-unit laundry and parking.

Property Size3,510 SF
Days on Market34

Property Features for 4918 California Street

General Information

Standard status Active
Size 3,510 SF
Property subtype Quadruplex

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Additional Details

Public Transit Yes

Amenities

landscaped rear yard

Building Details

Building Size 3,510 SF
Year Built 1923
Buildings 1
Listing Agency: Compass
Listed By: Allison Chapleau · License #01369080
Source: Realestatenovo
Added: Sep 4 Changed: Oct 2 Last Checked: Oct 5 at 11:52PM

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 Compass

Investment Insights

Based on property information with market context.

This 3,510-square-foot quadplex was built in 1923 and contains four two-bedroom, one-bathroom units. One residence is vacant and remodeled with shaker cabinetry, quartz countertops, stainless steel appliances, a seating peninsula, hardwood flooring, in-unit laundry, and a bay window overlooking the living and dining area. The property also includes a vacant street-facing garage and a landscaped rear yard.

Located on California Street in San Francisco’s Lake District of the Inner Richmond, the property is near the Presidio, Mountain Lake Park, neighborhood retail and dining, public transportation, and other Richmond District amenities. Three additional units produce rental income, while the vacant residence provides immediate occupancy flexibility.

Key Highlights

  • Four 2‑bedroom, 1‑bathroom units in a 3,510 SF building
  • Built in 1923
  • One remodeled vacant unit with quartz counters, stainless steel appliances, and in‑unit laundry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$124,744
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,494,880 $2.5M
Cap Rate 7%
$1,782,057 $1.8M
Cap Rate 9%
$1,386,044 $1.4M
Market Conditions
NOI Build-Up for 3,510 SF
Gross rent
$189.5K $54.00/SF
− Vacancy
−$11.3K −$3.23/SF
EGI
$178.2K $50.77/SF
− OpEx
−$53.5K −$15.23/SF
NOI
$124.7K $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%
$2,494,880
Cap Rate 7%
$1,782,057
Cap Rate 9%
$1,386,044

Alternative Uses

Best Use
Multifamily LT 5
$1.78M
$1.56M – $2.08M (±1% cap)
NOI $124,744 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$1.63M
$1.42M – $1.90M (±1% cap)
NOI $113,959 @ 7.0% cap · market cap 4.97%
Theoretical Best
Specialty Retail
$17.14M
$15.00M – $20.00M (±1% cap)
NOI $1,200,144 @ 7.0% cap · market cap 52.29%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Fractured9 Architect

Suggested Use

Top Pick Real Estate Agency Law Firm Barber Shop Big Box & Wholesale Store HVAC Service Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

2,850
Businesses Nearby

Demographics for 94118, CA

42,356
Population
19,052
Households
2.2
Avg Household Size
37
Median Age
72%
College-Educated
94%
High-School Grad
2.0 sq mi
ZIP Area
21,178
Density / Sq Mi
$159,550
Median Household Income
$92,946
Median Earnings
$2,695
Median Rent
$1,817,200
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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four two-bedroom residences include a renovated vacant unit with in-unit laundry and parking.
Where is this quadplex located?
The property is located at 4918 California Street San Francisco, CA.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bathroom units in a 3,510 SF building; Built in 1923; One remodeled vacant unit with quartz counters, stainless steel appliances, and in‑unit laundry
More about this property
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