677 Ellis Street | Multifamily - FOR SALE

$2,750,000

677 Ellis Street, San Francisco, CA 94109

For Sale

Multifamily Unknown Sub Type

Active

Last Updated: 08/06/2025

Details:

Cap Rate: 5.71%

NOI: $156,967

Building Size: 7,047 sqft

Lot Area: 0.05 acres

Units: 14

Year Built: 1908

Price Per Sqft: $390.24

Price Per Unit: $196,429

Offered by

Angelo Baglieri

First Vice President

Marcus & Millichap

#01996324

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Highlights:

Turnkey Condition: 14 total studio units—11 fully renovated plus 3 newly constructed ADUs—offering immediate rental income with minimal capital improvement needs.
Attractive Tenant Amenities: Includes in-building laundry, supporting tenant satisfaction and retention.
Central San Francisco Location: Situated in the Civic Center corridor, near public transit, downtown employers, and neighborhood amenities.

Description:

677 Ellis Street offers a turnkey multifamily investment in a central San Francisco location near the Civic Center and Downtown corridors. The property consists of 14 studio units—11 renovated original units and 3 newly constructed ADUs—along with in-building laundry and updated interiors. Situated in a dense, transit-rich area with close proximity to major employers, public transportation, and city services, the building provides reliable income today with long-term appreciation potential. This is an excellent opportunity for an investor seeking stabilized operations in a well-located, value-conscious San Francisco submarket.