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ML#:426124136 |
1855 California St, San Francisco, CA 94109 |
$5,149,000 |
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Cross Street: Franklin St Area/District: SF District 7 Subdistrict: Pacific Heights |
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Canceled |
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UNITS |
7 |
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PARKING |
3 |
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SQ FEET |
10590 |
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LOT SIZE |
5500 |
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YEAR BUILT |
1924 |
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DOM/CDOM |
32/32 |
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(42) |
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1855 California Street is a well-located, 7-unit multifamily property in the heart of San Francisco's highly desirable Pacific Heights neighborhood just steps from Lafayette Park, Whole Foods and the best of Fillmore Street with an incredible 103% of rental upside! The building offers an ideal unit mix: two 1BR/1BA, five 3BR/2BA, with 3-car parking and a ground-floor garage. Classic San Francisco architectural elements are on display throughout: hardwood floors, crown molding, bay windows, and original period details that give the building lasting character. Select units feature updated kitchens and baths. Front units enjoy north-facing city views; rear units overlook a lush, mature garden in a generous south-facing backyard. In the same family for nearly 40 years, the building reflects genuine pride of ownership. A wide, freshly painted foyer welcomes residents and amenities include bike storage, separate storage areas, and a bright, well-appointed laundry room. For investors, 1855 California presents a compelling value-add opportunity with current rents at approximately 49% of market, offering the potential to double rental income as below market units turn over to market rents all within one of San Francisco's most consistently sought-after neighborhoods. The property provides stable in-place income today, with strong potential for long-term appreciation. Recent capital improvements reflect a combined $100,100 in targeted building investment: seismic upgrade (2012, $20K), high-efficiency Peerless steam boiler (2019, $24K), roof sealant and upgrades (2022, $16.3K), and full electrical panel update (2025, $39.8K). Residents enjoy immediate access to neighborhood dining, retail, and transit. Easy freeway and downtown access, plus Muni, bike share, and the 49 Van Ness Express line. Don't Miss! NOTE: photos shown are when units were vacant. Currently fully occupied.
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Cross Street: |
Franklin St |
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Subdistrict Name: |
B |
# of Units: |
7 |
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Assoc Fee/Freq: |
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LISTING AGENT & OFFICE INFORMATION |
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Listing Agent: |
Lisa Zahner(ID:813762), Phone:415-948-5747, Lic:02018164, lisa@cityrealestatesf.com |
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Listing Office: |
City Real Estate(ID:CITYRE), Phone:415-325-2295, Office Lic.:02014153 |
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Listing Co-Agent: |
Ron Abta(ID:803878), Phone:415-595-7661, Lic:01090426, ron@cityrealestatesf.com |
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Listing Co-Office: |
City Real Estate(ID:CITYRE), Phone:415-325-2295, Office Lic.:02014153 |
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UNIT INFORMATION |
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# Of Buildings: |
1 |
Units Furnished: |
None |
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# Of Units Leased: |
7 |
Elevation Units: |
Feet |
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# Of Un Mnth to Mnth: |
0 |
# Of Furnished Units: |
0 |
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# Of Units Total: |
7 |
Total # Owner Occ: |
0 |
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# Of Units Vacant: |
0 |
# of 1 Bdrms Occ: |
2 |
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# of 1 Bedroom Units: |
2 |
# of 2 Bdrms Occ: |
0 |
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# of 2 Bedroom Units: |
0 |
# of 3 Bdrms Occ: |
5 |
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# of 3 Bedroom Units: |
5 |
# of 4 Bdrms Occ: |
0 |
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# of 4 Bedroom Units: |
0 |
# Studios Occ: |
0 |
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# of Studio Units: |
0 |
Studio Annual Occ: |
0% |
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# Commercial Units: |
0 |
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# of Floors: |
3 |
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Unit 1 |
Unit 2 |
Unit 3 |
Unit 4 |
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Bedrooms: |
2 |
15 |
0 |
0 |
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Full Baths: |
2 |
6 |
0 |
0 |
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Partial Baths: |
0 |
0 |
0 |
0 |
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Rent: |
$0 |
$0 |
$0 |
$0 |
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Approx SqFt: |
0 |
0 |
0 |
0 |
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# of Rooms: |
3 |
6 |
0 |
6 |
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UNIT INCOME & EXPENSES |
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Net Operating Inc: |
$179,940 |
Gross Scheduled Inc: |
$313,487 |
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Income Includes: |
Coin Operated
Equipment,Parking,Storage,See Remarks |
Gross Rent Multiplier: |
16.42 |
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Monthly Income: |
$0 |
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Total Deposit: |
$0 |
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Operating Expense: |
$133,547 |
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Operating Exp Incl: |
Capital
Improvements,Electricity,Gas,Insurance,J
anitorial Services,Licenses,Maintenance
Grounds,Maintenance
Structure,Professional
Management,Repairs,Staff,Trash,Utilities,
Water/Sewer,Other |
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Total # Leasable: |
0 |
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Utilities Expense: |
$12,882 |
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Other Expense: |
$15,268 |
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Tax Annual Amount: |
$60,896 |
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Financial Data Srce: |
Owner,Property Manager |
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Separate Meters: |
Common Area Meter,Electricity,Gas |
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Lease Term: |
Varies By Unit |
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Lease Deposit: |
$0 |
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Monthly Expenses: |
$0 |
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Actual or Scheduled: |
Actual |
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PROPERTY INFORMATION |
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Subtype Description: |
Apartments |
Approx SqFt: |
10590 |
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Lot Size Source: |
Assessor Auto-Fill |
# of Rooms: |
36 |
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SqFt Source: |
Assessor Auto-Fill |
Lot Acres (approx): |
0.1263 |
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Lot Sq Ft (approx): |
5500 |
Year Built Source: |
Assessor Auto-Fill |
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Year Built: |
1924 |
Levels: |
Three |
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Stories: |
4 |
Property Condition: |
Original,Updated/Remodeled |
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Special List Cond: |
None |
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PROPERTY LOCATION |
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County: |
San Francisco |
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APN: |
0648-015A |
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Area/District: |
7 |
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Sub District: |
B |
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INTERIOR INFORMATION |
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Interior Features: |
Formal Entry |
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Appliances: |
Free Standing Gas Range,Free Standing Refrigerator,Varies By Unit |
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Flooring: |
Carpet,Tile,Varies by Unit,Wood |
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Heating: |
Steam |
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Laundry Features: |
Coin Operated,In Common Area,Washer/Dryer Owned |
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Basement: |
Full,Storage Area |
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CONSTRUCTION INFORMATION |
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Constr Materials: |
Stucco,Wood |
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Foundation: |
Combination,Concrete |
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Window Features: |
Bay Window(s),Varies by Unit |
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Utilities: |
City,Electric,Sewer Connected |
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Water Source: |
Public,Water District |
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Sewer: |
Public Sewer |
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Security Features: |
Carbon Mon Detector,Double Strapped Water Heater,Fire Alarm,Fire Extinguisher,Fire Suppression
System,Security Gate,Smoke Detector |
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LOT & OUTDOOR INFORMATION |
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Lot Features: |
Garden,Other |
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View Description: |
City |
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PARKING INFORMATION |
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Garage Spaces: |
3 |
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Total Parking Spaces: |
3 |
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Parking Features: |
Attached,Garage,Garage Door Opener,Side-by-Side |
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ASSOCIATION INFORMATION |
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Association: |
No |
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FINANCIAL INFORMATION |
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City Trans Tax Rate: |
0.00 |
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County Trs Tax Rate: |
0.00 |
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Possession: |
Close Of Escrow |
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OTHER LISTING INFORMATION |
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Show to VOW: |
True |
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Show Addr on VOW: |
1 |
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Listing Service: |
Full Service |
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Information is not verified or guaranteed and is subject to change. Offers of compensation are made exclusively to Participants of the MLS and their data-share partners where the subject listing is filed. Copyright ©2026 SFAR MLS and Rapattoni Corp. All rights reserved.
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