2263-2269 Sacramento Street, San Francisco, CA 94115

Property Description

The Addison is a rare and unique asset located at 2263-2269 Sacramento Street in San Francisco's prestigious Pacific Heights neighborhood. Situated just steps from the famed Upper Fillmore shopping district and the CPMC Pacific Heights Outpatient Center, the property places residents and guests at the nexus of the city's most sought-after community. The 21-unit, tech-enabled property underwent a comprehensive, high-end renovation between 2018 and 2021, modernizing all structural and mechanical systems. It features hardwood flooring, fire sprinklers, new plumbing and electrical, radiant floor heating, keyless entry systems, 24-hour guest support, and outdoor common areas including a rear barbecue space and tenant decks. The asset is split into two distinct income streams: 17 units operated as short-term stays by Kasa (achieving 90% occupancy), and 11 bedrooms, throughout 3 separate apartment units offered on a per-bedroom rent managed by ReListo. All units are furnished and the short term rentals feature in unit kitchenettes and laundry. The top floor units are two level suites with skylights providing abundant sunlight throughout. Each unit has a private bath. Furthermore, turnkey operations are fully supported by an experienced resident manager living on-site who wishes to stay, alongside both professional management teams. Offered at an attractive price per foot and an exceptional 7.16% cap rate, The Addison provides a high-yielding, dual-stream investment model that combines long-term stability with short-term hospitality upside. This turnkey asset is exceptionally positioned to capture continued top-line growth as San Francisco experiences its economic and cultural resurgence.