3548 Pierce Street

San Francisco, CA 94123

$4,975,000
Price
Beds
6,324 Sq. Ft.
$787 / Sq. Ft.
6,324
Sq. Ft.
$787
per Sq. Ft.

Description

Update Welcome to 3548 Pierce Street, a fully occupied and 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...Update Welcome to 3548 Pierce Street, a fully occupied and 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. 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 a perfect addition to any portfolio.
  1. Listed by Sam Runco • DRE #01977683 • Brokerage DRE #01240999 • Marcus & Millichap • 650-759-3414
  2. Listed by Philip Batlin • DRE #01873218 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 3548 Pierce Street

MLS City Name
SAN FRANCISCO
Building Type
Other
Garage Spaces
3
Parking Spaces
3

Open Houses

Tuesday, Dec 3rd

10:00 AM - 12:00 PM

Public

LISTING UPDATED: 12/02/2024 09:10 AM

Property Details for 3548 Pierce Street

StatusActive
MLS #ML81985500
Days on Compass32
Taxes$59,667 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1927
Lot Size0.06 AC / 2,626 SF
CountySan Francisco County

Building Information for 3548 Pierce Street

Stories-Residences-Year Built1927Building Size-Lot Size0.06 AC / 2,626 SF

Property Information for 3548 Pierce Street

Features
Features
  • Fireplace: No
  • Living SqFt: 6324
  • Pool: No
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: None
  • Heating: Central Forced Air
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Other
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Other
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: 7 - Marina
  • Restrictions: None
  • Roof: Bitumen
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 3548
  • Street Name: Pierce
  • Street Suffix: Street
  • Area ID: 25191
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 6324
  • Structure SqFt Source: Assessor
  • Age: 97
Development Information
  • Zoning Detail: RH3
Location Information
  • Parcel Number: 0442A-021
  • County Name: San Francisco
  • City Name: SAN FRANCISCO
  • City Postal ID: 228
  • Postal Code: 94123
  • Elementary School District: 1863
  • High School District Text: San Francisco Unified
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .06
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 6
General Information
  • Annual Tax Amount: $59,667
  • Capitalization Rate: 4.37
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Parking, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $10,000
  • Expense Landscape: $0
  • Expense Maintenance: $3,000
  • Expense Management: $9,183
  • Expense Trash: $5,500
  • Expenses Other: $3,434
  • Expenses Utility: $15,500
  • Expenses Total: $106,284
  • Operating Expenses Include: Fee - Parking, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Utilities
  • Gross Rent Multiplier: 14.90
  • Income Annual Gross: $323,930
  • Income Annual Rental: $319,548
  • Income Gross Scheduled: $333,948
  • Income Other: $14,400
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,702
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,492
Unit 3 Information
  • Unit 3 Full Bathrooms: 2
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $5,400
Unit 4 Information
  • Unit 4 Full Bathrooms: 2
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $5,845
Unit 5 Information
  • Unit5 Full Baths: 2

Property History for 3548 Pierce Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3548 Pierce Street

Taxable ValueLand$2,748,528Additions$1,177,940Total$3,926,468
Tax Record2024$47,384 ($3,949 / month)
Home Facts
Total Finished SqFt6,324 SqFtAbove Grade Finished SqFt6,324 SqFtStories3Lot Size2,626 SqFtStyleMulti-Family Res (5+ Units)Year Built1927ZoningRH3CountySAN FRANCISCOAPN0442A-021

Schools near 3548 Pierce Street

This home is within San Francisco Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Charter - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Sherman Elementary School
PublicK to 5

Marina Middle School
Public6 to 8

Five Keys Charter (SF Sheriff'S) School
Charter9 to 12

KIPP Bayview Academy
Charter5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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3548 Pierce Street is for sale in San Francisco, CA 94123. This property was listed for sale on November 1, 2024 by Marcus & Millichap, it's currently listed at $4,975,000. It has been on the market for a total of 32 days and was last sold on April 16, 2021. This listing's school district is San Francisco Unified School District. Nearby schools include Sherman Elementary School, Marina Middle School and Five Keys Charter (SF Sheriff'S) School. 3548 Pierce Street is a 0-bed, 0-bath, 6,324 sqft built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Sam Runco, DRE #01977683; Marcus & Millichap, Philip Batlin, DRE #01873218

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.