Multifamily Property for Sale in San Francisco, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Francisco, CA 94115

Description

2863 California St #1, #2, and #3 are three independent condominium units ideally located on California Street between Broderick and Divisadero, along the border of Pacific Heights and Lower Pacific Heights, one of San Francisco’s most desirable and central neighborhoods. The area offers a blend of historic charm and residential quiet, popular with professionals and families alike. Numerous high-end boutiques, artisanal cafes, and upscale restaurants are located along nearby Fillmore Street. Lafayette Park and Alta Plaza Park are just minutes away, offering open space, city views, and recreational amenities. Convenient public transit on California Street provides easy access to downtown. The building was constructed in 2009 and consists of four condominium units with a total of five parking spaces. The ground floor features a commercial condo with double-height ceilings, currently owned and occupied by a gym operator. The middle floor includes two 2-bedroom/2-bathroom units. Unit #1 faces the street and is currently tenant-occupied. Unit #2, located at the rear with a private balcony, is vacant. These two units share a central lightwell patio. Unit #3 occupies the entire top floor and is configured as a 4-bedroom/4-bathroom unit and currently tenant-occupied. Each unit includes assigned parking in the basement-level garage. Additionally, the property features a shared rooftop with city views and a well-kept shared backyard. All three residential condominiums are available for purchase either individually or as a portfolio. Investment Highlights: • Excellent Lower Pacific Heights Location • (2)2 Bed / 2 Bath Apartments on the Middle Level • (1)4 Bed / 4 Bath Apartment on the Top Level • Each Unit Includes Assigned Parking • Shared Rooftop Deck with City Views

Market Context

This multifamily in San Francisco, CA is listed for sale. 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.

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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