Multi Family In San Francisco

44 McAllister Street presents a rare opportunity to acquire a large-scale multifamily asset in the heart of San Francisco’s Civic Center/Tenderloin neighborhood. The property consists of two hundred twelve (212) SRO units within a well-maintained, elevator-served building totaling approximately 59,684 square feet on a 9,473 square foot lot. Originally constructed in 1923, the building offers classic San Francisco architecture paired with efficient, functional layouts designed to support high-density urban living. The asset has historically operated as a supportive housing community, aligning with the mission of Civic Center Residence and providing stable, needs-based housing through a combination of tenant rents, government subsidies, and service-related income streams. This structure creates a reliable revenue base while also offering a future owner the flexibility to continue operating as supportive housing or reposition the asset over time. The property benefits from its central location just steps from Civic Center, Market Street, and multiple major transit corridors, providing immediate access to employment hubs, public transportation, and neighborhood-serving retail. The area continues to see significant public and private investment, reinforcing long-term demand for centrally located housing with convenient access to services and infrastructure. 44 McAllister Street offers investors a compelling combination of scale, in-place income, and operational upside. With a significant gap between current and market rents, as well as the opportunity to streamline expenses relative to historical operations, the property presents a clear path to increased cash flow and long-term value creation in one of San Francisco’s most transit-oriented and supply-constrained rental markets.