474 Vallejo Street — Sale in San Francisco, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: San Francisco, CA 94133
Photos
Investment Figures
- Cap rate
- 4.83%
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
474 Vallejo Street is a 1926-built multifamily property situated in San Francisco, CA, offering a compelling investment opportunity. The asset consists of 5 units, featuring a unit mix of 80.0% one-bedroom layouts and 20.0% three-bedroom layouts. It sits on a 0.04-acre lot with a total gross building area of 4,158 square feet. Offered at a purchase price of $4,250,000, the asset presents an attractive entry point into the market. From a financial perspective, the property exhibits upside potential with current gross rents of $294,420 sitting below the market gross rents of $318,000. At the current purchase price, the asset operates at a 4.83% capitalization rate, generating a Net Operating Income (NOI) of $205,270.87. However, the true value of the investment lies in its proforma metrics. By capturing the gap between current rents and market levels, an investor can increase returns to a projected proforma NOI of $227,228.56, effectively boosting the capitalization rate to 5.35%. The building currently operates with a projected physical vacancy rate of 3%, reflecting a stable, income-generating asset. Located in San Francisco, the property benefits from its strategic location. The property operates with total current expenses of $83,916.53, which accounts for 29.02% of the Effective Gross Income. This profile, combined with the property 's value-add potential, strategic location, and an attractive unit mix of primarily one-bedroom apartments, positions 474 Vallejo St as a highly reliable, cash-flowing asset with immediate upside. Investment Highlights: • VACANT 3BD /2BA Penthouse with Expansive Rooftop Deck • Rare Telegraph Hill Location, steps from North Beach & Embarcadero • Sweeping 360° Views • Exceptional Owner-User or Investment Opportunity
Market Context
This multifamily in San Francisco, CA is listed for sale. It is offered at an approximate 4.8% capitalization rate, a key benchmark for income-producing multifamily assets. 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, and rents up 5.8% year over year. Source: multiple brokerage reports, Q1 2026.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Contact
- Gino Franco · (415) 625-2167 · gino.franco@marcusmillichap.com
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