1874 Vallejo Street, San Francisco, CA 94123
Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
1874 Vallejo Street,San Francisco, CA 94123
$3,400,000
- 6 Beds
- - Baths
- 6,681 sq. ft.
- Multi-family
- Active
Listed by: gino v franco, richard r romano
Office: marcus & millichap
MLS#:426154283
Source:CABCREIS
Price summary
- Price:$3,400,000
- Price per sq. ft.:$508.91
About this home
1874 Vallejo Street is a 6-unit multifamily asset located in San Francisco's highly desirable Pacific Heights / Marina submarket, offering investors the opportunity to acquire a fully occupied property with meaningful rental upside. Built in 1924, the 6,681 SF building sits on a 0.08-acre lot and is zoned RM-1 (Residential - Mixed, Low Density). Offered at $3,400,000, the property represents an attractive acquisition opportunity at $566,667 per unit and $509 per SF, with a 4.28% current cap rate and 14.54 GRM. The property features six one-bedroom units averaging approximately 1,114 SF per unit. Current operations generate $233,808 in annual gross rent and $231,174 in effective gross income, producing $145,602 in current NOI. With market rents estimated at approximately $4,400 per unit, the asset offers significant mark-to-market potential with pro forma NOI projected at $220,177 and a 6.48% pro forma cap rate. Ideally located near premier neighborhood amenities, retail, dining, parks, and transportation, 1874 Vallejo Street benefits from strong tenant demand and long-term ownership appeal. The combination of stabilized occupancy, below-market rents, and a desirable one-bedroom unit mix presents an attractive opportunity to acquire a well-positioned San Francisco multifamily asset with built-in value creation potential....
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Home facts
- Year built:1924
- Listing ID #:426154283
- Added:1 day(s) ago
- Updated:August 14, 2026 at 01:33 AM
Rooms and interior
- Bedrooms:6
- Rooms Total:24
- Living area:6,681 sq. ft.
Structure and exterior
- Year built:1924
- Building area:6,681 sq. ft.
- Lot area:0.08 Acres
Finances and disclosures
- Price:$3,400,000
- Price per sq. ft.:$508.91
Parking
- Total parking spaces:3
- Parking description:Garage
- Garage:Yes
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