1874 Vallejo ST San Francisco, CA 94123 Active

UPDATED: 08/20/2026 11:14 PM ON SITE: 10 days on site

$3,400,000

6 Beds6,681 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,681 sqft

Price per Sqft $508

MLS Listing ID 426154283

Bedrooms 6

HOA Y/N No

Year Built 1924

Lot Size 3,641 Sqft

Acres 0.0836

Property Sub-Type Multi Family

Property Description

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.