574 3rd Street

San Francisco, CA 94107
Beds
28
Square Ft.
58,530
$20,280,000
The Central Apartments is a 1907 vintage, 104-unit apartment community located in the South of Market District (SoMa) of San Francisco, California. The asset offers a rare convergence of an attractive entry basis far below replacement cost ($195,000 per unit), embedded NOI upside, and durable market fundamentals in the nation's leading rent growth market, positioning it to deliver outsized, risk-adjusted returns. As San Francisco continues to solidify its position as the global epicenter for artificial intelligence and technology growth, SoMa remains the focal point for high-wage tech talent, driving robust, long-term demand for well-connected housing. The Property offers a unique blend of historic charm and modern conveniences with an efficient mix of 78 studios, 24 one-bedroom units, and 2 two-bedroom units. Representing one of the largest vintage apartment communities in SoMa, The Central Apartments provides extraordinary rental income and operational upside potential. Connectivity across the entire Bay Area is seamlessRead MoreRead Less
Courtesy of Keith Manson, Cushman & Wakefield, .
Listing Snapshot
Days Online
1
Last Updated
Beds
28
Square Ft.
58,530
Lot Size
0.5 Acres
Year Built
1907
MLS Number
426151857
30 Days Snapshot Of 94107
$1.44M
+23%
(avg) sold price
25
-7%
homes sold
72
-13%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: Full
Building
Built in 1907, Living area: 58,530, Levels: Three Or More, 3 stories
Laundry
Coin Operated, Common Area
Lot
0.4958 acres, 21,597 square feet, Curbs/Gutters, Sidewalk
Sewer
Public Sewer
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Dan Chang
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All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.