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3548 Pierce Street, San Francisco, CA 94123, San Francisco, 94123 - bed, bath

3548 Pierce Street, San Francisco, CA 94123 home-pic-0
ACTIVE$4,975,000
3548 Pierce Street, San Francisco, CA 94123
0Bed
0Bath
6,324Sqft
2,626Lot
Year Built
1927
Close
-
List price
$4.97M
Original List price
-
Price/Sqft
$787
HOA
$0
Days on market
-
Sold On
-
MLS number
ML81985495
Home ConditionExcellent
Features
View-

About this home

We found 4 Cons,6 Pros.

Welcome to 3548 Pierce Street, an impeccably maintained and newly renovated multifamily building nestled in the heart of San Francisco. This property boasts six units, including two spacious 1-bedroom, 1-bathroom units and four luxurious 2-bedroom, 2-bathroom units, all freshly upgraded to condo-quality standards. In addition to the 6 units, the garage spaces have been cleared out and there is potential for an ADU. Each 2-bedroom unit offers a modern and stylish living space with premium finishes, perfect for discerning tenants. With all 2-bedroom units currently vacant, this property presents a unique opportunity for investors or those seeking multigenerational living in an unbeatable location. Recent updates include a brand-new heating system, a state-of the-art intercom system, and a completely renovated lobby that offers a warm welcome to residents and guests. Additionally, new water heaters have been installed, ensuring comfort and convenience throughout the building. Situated in a walker's paradise with a phenomenal 97 Walk Score, this property is mere steps from vibrant shopping, dining, and entertainment options. 3548 Pierce Street is a rare gem that combines pristine condition, contemporary upgrades, and an outstanding location.

Nearby schools

6/10
San Francisco Public Montessori School
Public,•K-5•0.8mi
2/10
Cobb (William L.) Elementary School
Public,•K-5•1.0mi
/10
Chinese Education Center
Public,•K-5•2.0mi
8/10
Sutro Elementary School
Public,•K-5•2.2mi
9/10
Chinese Immersion School At Deavila
Public,•K-5•2.4mi
1/10
Mission Education Center
Public,•K-5•4.2mi
2/10
Fairmount Elementary School
Public,•K-5•4.4mi
9/10
Lilienthal (Claire) Elementary School
Public,•K-8•0.2mi
6/10
Marina Middle School
Public,•6-8•0.2mi
9/10
Roosevelt Middle School
Public,•6-8•1.8mi
3/10
Carmichael (Bessie)/Fec
Public,•K-8•2.6mi
6/10
Rooftop Elementary School
Public,•K-8•3.4mi
8/10
Yu (Alice Fong) Elementary School
Public,•K-8•3.4mi
4/10
Buena Vista/ Horace Mann K-8
Public,•K-8•3.6mi
9/10
Lawton Alternative Elementary School
Public,•K-8•4.1mi
2/10
Revere (Paul) Elementary School
Public,•K-8•4.8mi
3/10
San Francisco Community Alternative School
Public,•K-8•5.4mi
8/10
Galileo High School
Public,•9-12•0.9mi
7/10
Wallenberg (Raoul) Traditional High School
Public,•9-12•1.6mi
2/10
Wells (Ida B.) High School
Public,•9-12•2.0mi
3/10
Mission High School
Public,•9-12•3.0mi
3/10
O'connell (John) High School
Public,•9-12•3.3mi
7/10
Washington (George) High School
Public,•9-12•3.4mi
1/10
Downtown High School
Public,•9-12•3.5mi
2/10
S.F. International High School
Public,•9-12•3.7mi
6/10
Academy Of Arts And Sciences
Public,•9-12•4.0mi
9/10
Asawa (Ruth) San Francisco School Of The Arts, A Public School.
Public,•9-12•4.0mi
7/10
Lincoln (Abraham) High School
Public,•9-12•4.5mi
2/10
Marshall (Thurgood) High School
Public,•9-12•5.1mi
10/10
Lowell High School
Public,•9-12•5.5mi
7/10
Balboa High School
Public,•9-12•5.6mi
2/10
Jordan (June) School For Equity
Public,•9-12•5.8mi
5/10
Burton (Phillip And Sala) Academic High School
Public,•9-12•6.0mi

Price History

Date
Event
Price
06/18/25
Sold
$4,540,000
11/01/24
Price Change
$4,975,000
04/16/21
Sold
$3,700,000
Condition Rating
Excellent
Despite being built in 1927, this multifamily property has undergone a comprehensive and recent renovation, bringing all units to 'condo-quality standards.' The kitchens feature new white shaker cabinets, quartz countertops, and stainless steel appliances. Bathrooms are modern with floating vanities, contemporary fixtures, and stylish tiling. New light wood-look flooring, recessed lighting, and updated systems (brand-new heating, new water heaters, and updated electrical panels as seen in images) are evident throughout, indicating virtually new components and no deferred maintenance. The property meets current quality standards with minimal physical depreciation.
Pros & Cons

Pros

Great Schools: Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Exceptional Location & Walkability: Situated in the heart of San Francisco with a phenomenal 97 Walk Score, offering unparalleled access to vibrant shopping, dining, and entertainment options.
Extensive Capital Improvements: Recently underwent significant renovations including a brand-new heating system, state-of-the-art intercom, completely renovated lobby, and new water heaters, minimizing immediate capital expenditures for a new owner.
Turnkey Condo-Quality Units: All units, particularly the four 2-bedroom units, are newly upgraded to condo-quality standards with modern and stylish finishes, appealing to discerning tenants.
Multifamily Income Potential: A six-unit building (2x 1BR/1BA, 4x 2BR/2BA) provides diversified rental income streams and a strong investment profile in a high-demand market.
ADU Conversion Opportunity: Potential for an Additional Dwelling Unit (ADU) in the cleared garage spaces offers a clear path to increase unit count, revenue, and overall property value.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-06-18. The sold price is $4,540,000.00.
Immediate Vacancy Risk: All four 2-bedroom units are currently vacant, posing an immediate income gap and requiring active leasing efforts from the new owner to stabilize cash flow.
High Barrier to Entry: The substantial list price of nearly $5 million represents a significant capital outlay, limiting the pool of potential buyers to well-capitalized investors.
Limited Outdoor Space: A relatively small lot size of 2,626 sqft for a six-unit building suggests minimal to no private outdoor space, which could be a drawback for tenant appeal in some segments.

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