Multifamily Property for Sale in San Francisco, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Francisco, CA 94109
  • Year built: 2006

Description

Located in the prestigious Pacific Heights neighborhood, 2211 Van Ness Avenue is a historic mixed-use building offering a blend of commercial and residential space. Constructed in 1900, this 2-story property spans 5,050 square feet on a 3,689-square-foot lot and features 3 residential units, plus a ground-floor restaurant space. The building is classified as a Class A apartment (4 units or less). Investment Highlights: • • Prime Location in Pacific Heights: Situated on the vibrant Van Ness Avenue corridor, steps from upscale shopping, dining, and cultural attractions like the San Francisco Symphony. • • Historic Charm with Modern Updates: Edwardian-era architecture with renovations including new plumbing, electrical systems, and roofing (2006–2012), blending timeless appeal. • Investment or owner-user opportunity.

Market Context

This multifamily in San Francisco, CA is listed for sale. It is offered at an approximate 2.0% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 2006. It has been on the market for 67 days. Compare it against other multifamily listings for sale in San Francisco, CA — <a href="/search/sale/multifamily/california/san-francisco">view the full market</a>.

As of Q1 2026, the San Francisco multifamily market showed average asking rents near $2998.00/unit/mo, rents up 5.8% year over year, and cap rates around 5.2%. Source: Consensus Q1 2026 market report.

Its 2.0% asking cap rate is below the San Francisco multifamily market average of about 5.2%, reflecting premium pricing relative to comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in San Francisco?
About 5.2% as of Q1 2026, per Consensus.

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