2332 California St

Investment Overview

2332–2334 California Street is a beautifully converted former mansion that now comprises a fully occupied six-unit multifamily property in the heart of San Francisco's prestigious Pacific Heights neighborhood. Combining timeless architectural character with strong in-place cash flow, the property presents an exceptional opportunity for both investors and future owner-occupants. Ideally situated just steps from the vibrant Fillmore Street corridor, residents enjoy immediate access to some of San Francisco's finest restaurants, boutique shopping, artisanal coffee shops, craft cocktail bars, and the open green space of Alta Plaza Park. The property also offers outstanding connectivity via the 1 California, 22 Fillmore, 28 Divisadero, and 38 Geary Muni lines. The property's diverse unit mix consists of three (3) one-bedroom/one-bathroom flats with a dedicated walk-up entrance (2332 California Street), two (2) garden studio apartments accessed from the side alley and rear courtyard, and an impressive two-story owner's residence spanning over 2,000 square feet. The owner's unit features three bedrooms, four bathrooms, a private rooftop deck with panoramic city views, and a built-in sauna, creating a truly unique residential offering. All units share a side courtyard / rear backyard. Encompassing approximately 5,500 rentable square feet (per recent appraisal), 2332–2334 California Street offers stable income today with long-term upside potential through future rental growth and the flexibility of a premier owner's unit. Whether acquired as a turnkey investment or with the intention of future owner occupancy, this is a rare opportunity to own a distinguished Pacific Heights asset in one of San Francisco's most sought-after neighborhoods.

Investment Highlights

• Rare Pacific Heights Trophy Asset – Fully occupied six-unit multifamily property in one of San Francisco's most prestigious and supply-constrained neighborhoods.
• Exceptional Owner-User Opportunity – Spacious ±2,000 SF two-story owner's residence featuring 3 bedrooms, 4 bathrooms, a private rooftop deck, and built-in sauna, providing flexibility for future owner occupancy while generating income from the remaining five units.
• Strong In-Place Cash Flow – Stabilized investment with 100% occupancy and immediate income from a well-balanced mix of six residential units.
• Unique Unit Mix – Three (3) one-bedroom/one-bath flats, two (2) garden studio apartments, and one (1) luxury owner's residence create broad tenant appeal and diversified rental income.
• Converted Historic Mansion – Distinctive architectural character paired with functional residential layouts offers a compelling alternative to conventional apartment buildings.
• Premier Pacific Heights Location – Just steps from the renowned Fillmore Street corridor, offering walkable access to award-winning restaurants, boutique retail, Alta Plaza Park, artisan coffee shops, and neighborhood amenities.
• Excellent Transit Connectivity – Convenient access to the 1 California, 22 Fillmore, 28 Divisadero, and 38 Geary Muni lines, providing seamless connectivity throughout San Francisco.
• Long-Term Rental Upside – Opportunity to increase future cash flow through market rent growth and strategic unit turnover in one of San Francisco's highest-demand rental markets.
• Generational Investment – A rare opportunity to acquire a well-located Pacific Heights multifamily asset with enduring intrinsic value, stable income, and long-term appreciation potential.