437 Vermont Street, San Francisco, CA 94107, San Francisco, 94107 - 6 bed, 4 bath
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San Francisco, CA 94107
Analysis of 437 Vermont Street, San Francisco, CA 94107 is currently available with a list price of $2,150,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Francisco Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Although originally constructed in 1927, the property has undergone extensive recent renovations that bring it to a virtually new condition. The interiors feature high-end modern finishes, including wide-plank hardwood flooring, recessed lighting, and designer fixtures. The kitchens are fully updated with quartz countertops, flat-panel cabinetry, and premium stainless steel appliances. Bathrooms showcase contemporary aesthetics with floating vanities, backlit mirrors, and walk-in showers with quartz surrounds. With a new roof installed in 2023 and comprehensive upgrades throughout, the property meets the highest quality standards with no deferred maintenance.
The property offers a unique 'dual-track' opportunity, allowing an investor to maintain it as a high-performing multifamily asset or pursue a high-margin exit via Tenancy-In-Common (TIC) conversion.
With current in-place rents significantly below market value, the property presents a compelling 33% upside potential through rent growth and operational optimization.
Situated in desirable Potrero Hill, the building provides immediate access to BART, MUNI, and corporate tech shuttles, ensuring sustained tenant demand and investment stability.
The property features only one parking space for three units, which may be a competitive disadvantage for tenants or future TIC buyers in a car-dependent city.
Existing below-market tenancies in a 1927 building subject the owner to San Francisco's strict rent control ordinances, potentially delaying the realization of full market-rate returns.
Situated in the desirable Potrero Hill neighborhood, 437-439 Vermont Street presents a rare dual-track'' investment opportunity. While currently operated as a high-performing 3-unit multifamily asset, the substantial apartment and property upgrades position it perfectly for a Tenancy-In-Common (TIC) conversion. This allows an incoming investor to capture traditional rental yield in the short term while maintaining a high-margin exit by selling the units individually. Additionally, one unit is currently vacant, offering an immediate owner-user opportunity while still benefiting from income generated by the remaining units. Constructed in 1927, the approximately 6,413 square foot building sits on a 2,495 square foot lot and features a diverse unit mix of one (1) studio, one (1) two-bedroom/one-bathroom, and one (1) three-bedroom/two-bathroom residence. The offering is further enhanced by one (1) on-site parking space and one (1) storage unit, with the potential of converting the studio to a one-bedroom apartment by combining the storage area. The property showcases spacious floor plans filled with tremendous natural light, highlighted by hardwood flooring, classic architectural character, and modern charm. Kitchens are equipped with quartz countertops, flat-panel cabinetry, and top-of-the-line appliances, while bathrooms feature standing showers with quartz surrounds, cabinet vanity sinks, and modern fixtures. The building benefits from a concrete foundation, front stucco faade with wood rear, shared garden, in-unit and on-site laundry, a DKS entry system, and a recently replaced modified bitumen roof completed in 2023. With a current annual gross income of $128,056 and notable in-place rents below market, the property offers a compelling 33% upside through continued rent growth and operational optimization. Its prime location provides residents with immediate access to one of the nation's best public transit systems, including proximity to BART, MUNI, and corporate tech shuttle lines, supporting long-term rental demand and investment stability
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 5.5 | 50% |
| Baths | 4.0 | 3.0 | 50% |
| Square foot | 6,413 | 3,179 | 83% |
| Lot Size | 2,495.99 | 2,495.99 | 50% |
| Price | $2.15M | $2.00M | 50% |
| Price per sq ft | $335 | $603 | 17% |
| Built year | 1927 | 1914 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 65 | 189 | 17% |
Feb 16, 2026
$2,150,000
Initial Listing