3405 Anza St. — Sale in San Francisco, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Francisco, CA 94121

Investment Figures

Cap rate
5.69%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

3405 Anza Street presents a rare opportunity to acquire a well-located three-unit mixed-use asset in the heart of San Francisco’s Outer Richmond — one of the city’s most stable and supply-constrained residential neighborhoods. The property consists of two residential flats above a ground-floor commercial space, offering an attractive blend of income diversification and long-term appreciation potential. The residential unit mix includes a spacious three-bedroom, one-bath flat, and a two-bedroom, one-bath unit. The ground floor residential unit is currently delivered vacant and presents significant value-add upside through renovation and repositioning. The commercial tenant operates on a month-to-month basis, providing additional flexibility for an investor or owner-user seeking to optimize the tenancy mix and rental income. The building is separately metered for water, gas, and electricity, allowing for efficient expense management. With tenants responsible for utilities, the property operates with minimal overhead, enhancing overall cash flow potential. Ideally positioned just three blocks from Golden Gate Park and two blocks from the vibrant Clement Street corridor — known for its acclaimed restaurants, cafés, and neighborhood retail — the property benefits from strong walkability and proximity to major transit routes. 3405 Anza Street is well suited for investors seeking long-term appreciation with built-in rental upside, or an owner-user looking to occupy the vacant unit while maintaining steady income from the remaining spaces. Investment Highlights: • Value-add building with 1 unit vacant • Owner user opportunity for ground floor commercial space • 40% upside in current rents

Market Context

This multifamily in San Francisco, CA is listed for sale. It is offered at an approximate 5.7% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in San Francisco, CA — view the full market.

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: multiple brokerage reports, Q1 2026.

Its 5.7% asking cap rate is above the San Francisco multifamily market average of about 5.2%, implying a higher yield (and typically more risk or upside) than 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 multiple brokerage reports.

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