For Sale
$4,975,000

3548 Pierce St San Francisco, CA 94123

Six-unit apartment building, fully renovated.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional San Francisco investment opportunity presents a fully occupied, meticulously maintained, and newly renovated six-unit apartment building located at 3548 Pierce Street, in the desirable 94123 zip code. The property boasts a total of 6,000 square feet of net rentable space and features a mix of unit sizes: two one-bedroom, one-bathroom units and four two-bedroom, two-bathroom units. All units have been upgraded to condo-quality standards, featuring premium finishes and in-unit washer/dryers in the two-bedroom units. Significant capital improvements have been completed throughout the building, including a new heating system, a state-of-the-art intercom system, a completely renovated lobby, and new tankless water heaters. The building also benefits from a cleared-out garage area with potential for an Accessory Dwelling Unit (ADU), plans for which are available from the seller. Built in 1927 and extensively renovated in 2023, this property offers a strong return on investment, with a Net Operating Income (NOI) of $211,814 and a 4.26% cap rate. The asking price is $4,975,000. Situated in a vibrant neighborhood with a Walk Score of 97, this property offers unparalleled convenience and access to shopping, dining, and entertainment. This is a rare opportunity to acquire a high-quality, income-producing asset in a prime San Francisco location.

Highlights

  • Six (6) units with spacious floor plans.
  • Two (2) one-bedroom/one-bathroom units.
  • Four (4) two-bedroom/two-bathroom units, with premium finishes and in-unit laundry in the renovated units.
  • Extensive capital improvements completed.
  • Updated electrical system.
  • Renovated lobby.

Property Details for 3548 Pierce St

Property type
Apartment buildings
Class
C
Year Built/Renovated
1927/2023
Buildings
1
Units
6

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.803303797708
Longitude
-122.44008176224

FAQs

What type of property is this?
Apartment building - Six-unit apartment building, fully renovated.
Where is the apartment building located?
The property is located at 3548 Pierce St San Francisco, CA.
What is the asking price?
The asking price for this property is $4,975,000.
What are key features of this property?
This property features: Six (6) units with spacious floor plans.; Two (2) one-bedroom/one-bathroom units.; Four (4) two-bedroom/two-bathroom units, with premium finishes and in-unit laundry in the renovated units.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3548 Pierce St
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