1798 Mcallister Street, San Francisco, CA 94115, San Francisco, 94115 - 3 bed, bath

1798 Mcallister Street, San Francisco, CA 94115 home-pic-0
ACTIVE$3,375,000
1798 Mcallister Street, San Francisco, CA 94115
3Beds
0Bath
4,362Sqft
2,191.07Lot
Year Built
1900
Close
-
List price
$3.38M
Original List price
-
Price/Sqft
$774
HOA
$0
Days on market
-
Sold On
-
MLS number
425089917
Home ConditionExcellent
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $3.38M(50th), sqft - 4362(50th), beds - 3(50th), baths - undefined(50th).

1798 McAllister Street is a well-located and fully occupied 6-unit mixed-use property in the heart of NOPA. The property consists of two Studio and three 1BD apartments, and a ground-floor commercial space. All five apartments were recently remodeled with high-end finishes, in-unit laundry, and modern appliances. The commercial space was just leased to a law firm on a new 10-year lease with an extension option for an additional 5 years. The commercial space is south-facing with great visibility from the street and natural light. All of the apartments are separately metered for gas and electricity, and tenants pay for their own heat. Additionally, a utility reimbursement program has been implemented to reduce all landlord utility expenses. A soft-story seismic retrofit was also completed in 2025. Located at the intersection of Baker and McAllister Streets, this is a highly desirable location that provides convenient access to Divisadero shops and retail, the Panhandle, Golden Gate Park, and Haight-Ashbury. This is an excellent opportunity to purchase a turn-key asset that will provide immediate cash flow.

Price History

Date
Event
Price
12/04/25
Price Change
$3,375,000
04/17/24
Sold
$1,468,500
02/29/00
Sold
$580,000
Condition Rating
Excellent

Despite being built in 1900, the property has undergone extensive and recent renovations. The listing explicitly states that 'All five apartments were recently remodeled with high-end finishes, in-unit laundry, and modern appliances.' The images confirm this, showcasing modern kitchens with stainless steel appliances, white cabinetry, granite countertops, and tiled floors. Bathrooms also appear updated with contemporary fixtures. Living areas feature new-looking hardwood laminate flooring, wainscoting, and recessed lighting. A significant soft-story seismic retrofit was completed in 2025, addressing a major structural concern. These comprehensive updates bring the property's condition to a virtually new standard within the renovated units, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Immediate Cash Flow & Full Occupancy: The property is a fully occupied 6-unit mixed-use asset, described as 'turn-key' and providing 'immediate cash flow' from day one.
Extensive Recent Renovations: All five residential apartments have been recently remodeled with high-end finishes, in-unit laundry, and modern appliances, minimizing immediate capital expenditure for the new owner.
Stable Commercial Income: The ground-floor commercial space is secured with a new 10-year lease to a law firm, with an additional 5-year extension option, ensuring long-term, stable income.
Prime NOPA Location: Located in the highly desirable NOPA neighborhood of San Francisco, offering convenient access to Divisadero shops, retail, the Panhandle, Golden Gate Park, and Haight-Ashbury.
Reduced Operating Expenses & Seismic Upgrade: Apartments are separately metered, tenants pay for heat, a utility reimbursement program is in place, and a soft-story seismic retrofit was completed in 2025, reducing landlord liabilities and operating costs.

Cons

Historic Building Age: Built in 1900, despite recent renovations, the property may still possess underlying original infrastructure (e.g., plumbing, electrical outside renovated areas) that could necessitate significant future maintenance or upgrades.
Limited Lot Size: The lot size of 2,191 sqft for a 6-unit mixed-use property is relatively compact, potentially limiting outdoor amenities or future expansion/development opportunities.
San Francisco Rent Control Implications: As a multi-unit residential property in San Francisco, it is subject to stringent rent control regulations, which could cap future rental income growth despite recent market-rate renovations.

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