$20,280,000

574 3rd St San Francisco, CA 94107

South Beach Neighborhood

Estimated payment $134,772/month

Total Views 4,469
28 Beds
-- Baths
58,530 Sq Ft
$346 Price per Sq Ft

Highlights

  • Ocean View
  • Coin Laundry
  • 2-minute walk to South Park
  • Daniel Webster Elementary School Rated A-

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.

Listing Agent

Keith Manson

Cushman & Wakefield License #DRE #01490046 Listed on: 08/04/2026

Co-Listing Agent

Zachary Greenwood

Cushman & Wakefield License #DRE #01960296

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1907

Lot Details

0.5 Acres

Listing Details

  • Property Type: Residential Income
  • Property Condition: Fixer
  • Levels: Three Or More
  • Stories: 3
  • Year Built: 1907
  • Property Sub Type: Multi Family
  • View: Bay Bridge, City, City Lights, Downtown, Marina, Ocean, Park/Greenbelt, San Francisco
  • Co List Office Mls Id: CUSH
  • Co List Office Mls Id: CUSH
  • Living Area: 58530
  • PictureCountPublic: 33
  • BridgeModificationTimestamp: 2026-08-10T15:48:24.878Z
  • Special Features: None

Interior Features

  • Basement: Full
  • Laundry Features: Coin Operated, Common Area
  • Total Bedrooms: 28
  • Total Bedrooms: 106
  • Stories: 3

Exterior Features

  • Disclosures: Disclosure Package Available

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Features: Curbs/Gutters, Sidewalk
  • Lot Size Acres: 0.4958
  • Lot Size Sq Ft: 21597.048
  • Lot Size Units: Square Feet
  • Irrigation Water Rights: No

Green Features

Rental Info

  • Existing Lease Type: Net
  • Units Furnished: None

Building Info

  • Number of Units Total: 104

Tax Info

  • Tax Tract: 0.00

Multi Family

  • Number Of Units Vacant: 8
  • Number Of Units Leased: 95

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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®

Source: San Francisco Association of REALTORS®

MLS Number: 426151857

San Francisco Association of REALTORS®
California San Francisco County San Francisco 94107 South Beach

574 3rd St, San Francisco, CA

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.

San Francisco Association of REALTORS® 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.

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Keith Manson
Listing Agent
Keith Manson
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Cushman & Wakefield
(415) 964-5911
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