1855 California St, San Francisco, CA, 94109

About This Home

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.