2263-2269 Sacramento St - Apartments FOR SALE


San Francisco, CA 94115- Pacific Heights
$8,900,000 USD
818-212-2776
2263-2269 Sacramento St, San Francisco, CA for Sale
$8,900,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

2263-2269 Sacramento St
San Francisco, CA 94115
Pacific Heights


HIGHLIGHTS

  • Multiple Units Feature Immediate, Private Outdoor Areas
  • New Rear Deck is a Combination of Pressure Treated Wood and Manufactured Decking Materials
  • Features 400 Amp Main PGE Service
  • Brand New Fire Alarm and Sprinkler System, Monitored Security Camera System in Place, New Radiant Heating System
  • New Siding and Windows Throughout the Property
  • Seismic Upgrades Across the Building- Including New Foundation Upgrades and Shear Walls

OVERVIEW

The Addison is a rare and unique hospitality asset located at 2263-2269 Sacramento Street in San Francisco’s prestigious Pacific Heights neighborhood. Situated just steps from the famed Upper Fillmore shopping district and the CPMC Pacific Heights Outpatient Center, the property places residents and guests at the nexus of the city’s most sought-after community. The 28-unit, tech-enabled property underwent a comprehensive, high-end renovation between 2018 and 2023, modernizing all structural and mechanical systems. It features 15,282 SF of rentable space per building plans (buyer to verify), hardwood flooring, fire sprinklers, new plumbing and electrical, radiant floor heating, keyless entry systems, 24-hour guest support, and outdoor common areas including a rear barbecue space and tenant decks. The asset is split into two distinct income streams: 17 units operated as short-term stays by Kasa (achieving 90% occupancy), and 11 units operated as 100% occupied long-term rentals managed by ReListo. All units are furnished and the short term rentals feature in unit kitchenettes and laundry. The top floor units are two level suites with skylights providing abundant sunlight throughout. Each unit has a private bath. Furthermore, turnkey operations are fully supported by an experienced resident manager living on-site who wishes to stay, alongside both professional management teams. Offered at an attractive price per foot and an exceptional 7.16% cap rate, The Addison provides a high-yielding, dual-stream investment model that combines long-term stability with short-term hospitality upside. This turnkey asset is exceptionally positioned to capture continued top-line growth as San Francisco experiences its economic and cultural resurgence.

FOR SALE DETAILS

PRICE

$8,900,000 USD

PRICE/SF

$582 USD /SF

# OF UNITS

28

PRICE/UNIT

$317,857

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,444 SF

ZONING

RM1

APN/PARCEL ID

0638-011

ASK ABOUT THIS PROPERTY

Brin HamblinAgnew | Serling GroupMore Info
818-212-2776

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Brin HamblinAgnew | Serling GroupMore Info
818-212-2776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.