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Anna Spathis

info@sterlinghomesre.com +1(415) 810-5291

Listed by Lisa Zahner City Real Estate

$ 5,149,000

Est. payment | -/mo

18 Beds

8 Baths

10,590 SqFt

Save Virtual Tour

$ 5,149,000

Est. payment | -/mo

Save Virtual Tour

18 Beds

8 Baths

10,590 SqFt

Open House

Tue May 05, 10:00am - 12:00pm

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,590 sqft

Price per Sqft $486

MLS Listing ID 426124136

Bedrooms 18

Full Baths 8

HOA Y/N No

Year Built 1924

Lot Size 5,501 Sqft

Acres 0.1263

Property Sub-Type Multi Family

Property Description

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.

Location

State CA

County San Francisco

Area Sf District 7

Rooms

Basement Full, Storage Space

Interior

Interior Features Formal Entry

Heating Steam

Flooring Carpet, Tile, Wood

Fireplace No

Window Features Bay Window(s)

Appliance Free-Standing Gas Range, Free-Standing Refrigerator, Varies By Unit, Washer/Dryer

Laundry Coin Operated, Common Area

Exterior

Garage Spaces 3.0

Utilities Available Common Area Meter, City, Electricity Available, Sewer Connected

View City

Total Parking Spaces 3

Building

Lot Description Garden, Other

Story 4

Foundation Combination, Concrete

Sewer Public Sewer

Water Public, Water District

Level or Stories Three Or More

New Construction Yes

Others

Tax ID 0648015A

Virtual Tour https://www.1855California.com

Nearby Locations

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1855 California ST San Francisco, CA 94109