574 3rd St San Francisco, CA 94107
San Francisco AreaEstimated payment $131,960/month
About This Home
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 seamless via all major modes of transportation: CalTrain (San Francisco Station - 7 min walk), Muni (4th & Brannan - 3 min walk), BART (Montgomery Station - 19 min walk), SFMTA bus stops (3rd & Brannan - 3 min walk), San Francisco Ferry System (Pier 40 - 10 min walk), and immediate freeway access (I-80 - 4 min drive). The Property is exceptionally walkable to SoMa's top attractions and employment hubs, including South Park, Oracle Park, The Embarcadero, the Financial District, Salesforce Park and Transit Center, Mission Rock, Chase Center & Thrive City, Crane Cove Park, the Ferry Building, and the Moscone Center. With the high cost of homeownership across San Francisco reinforcing a deep, persistent renter pool, The Central Apartments is ideally positioned to capture durable occupancy and long-term rent growth.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1907
Lot Details
- 21,597 Sq Ft Lot
Property Views
- Ocean
- Marina
- San Francisco
- Views of the Bay Bridge
- Downtown
- Park or Greenbelt
Home Design
- Fixer Upper
Interior Spaces
- 28 Bedrooms
- 58,530 Sq Ft Home
- 3-Story Property
- Basement Fills Entire Space Under The House
Community Details
Building Details
- 95 Leased Units
- 8 Vacant Units
Additional Features
- 104 Units
- Coin Laundry
Map
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/04/2026 08/04/26 | For Sale | $20,280,000 | -- | $346 / Sq Ft |
Source: San Francisco Association of REALTORS®
MLS Number: 426151857
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
- 200 Townsend St Unit 6
- 1 S Park St Unit 411
- 601 4th St Unit 110
- 555 4th St Unit 104
- 555 4th St Unit 707
- 170 King St Unit 1027
- 250 King St Unit 722
- 250 King St Unit 500
- 72 Townsend St Unit 504
- 461 2nd St Unit 253T
- 239 Brannan St Unit 14A
- 260 King St Unit 537
- 260 King St Unit 1317
- 260 King St Unit 555
- 88 King St Unit 1022
- 219 Brannan St Unit 16K
- 219 Brannan St Unit 5H
- 766 Harrison St Unit 209
- 229 Brannan St Unit 2C
- 200 Brannan St Unit 126
- 246 Ritch St Unit SI FL4-ID31
- 650 2nd St Unit SI FL4-ID1582
- 555-585 Bryant St
- 414 Bryant St
- 555 4th St Unit 933
- 260 King St Unit 607
- 601 4th St Unit SI FL1-ID1523
- 219 Brannan St Unit 18K
- 255 King St
- 200 Brannan St Unit 405
- 788 Harrison St
- One Saint Francis Place
- 2 Townsend St Unit SI FL8-ID29
- 2 Townsend St Unit SI FL9-ID426
- 2 Townsend St Unit SI FL2-ID28
- 2 Townsend St Unit SI FL9-ID1664
- 2 Townsend St Unit SI FL1-ID1657
- 501 Delancey St Unit SI FL2-ID182
- 45 Lansing St
- 1000 3rd St Unit 300
Ask me questions while you tour the home.