1055 Pine St - Specialty FOR SALE


San Francisco, CA 94109- Lower Nob
$20,000,000 USD
650-644-6544
1055 Pine St, San Francisco, CA for Sale
$20,000,000 USD
Specialty - FOR SALE
1/6
null | Request Cap Rate

1055 Pine St
San Francisco, CA 94109
Lower Nob


HIGHLIGHTS

  • Vacancy: Citywide vacancies have fallen to ~4.5%, with Nob Hill rents up 5-7% YoY.
  • Median rent across unit types is $3,047 but Nob Hill skews higher at $3,500-$4,375 for studios/1-beds ideal for student or young professional tenants.
  • Prime Value-Add Opportunity: Vacant building ripe for repositioning through modern renovations to capture premium rents.
  • Well Below Replacement Cost: Acquisition below replacement cost ensures strategic advantage and strong demand.
  • Call Jim Wright for more information.

OVERVIEW

The property at 1055 Pine Street is a historic multi-family apartment building located in the vibrant Lower Nob Hill neighborhood of San Francisco. Initially constructed in 1910, it spans 5 stories and approximately 36,213 square feet. The building features 80 units, primarily studios and one-bedrooms, historically used as affordable student housing. It includes 24 bathrooms and is zoned RM-4 (Residential Mixed, High Density), allowing for high-density residential use with potential for mixed commercial elements on the ground floor.

FOR SALE DETAILS

PRICE

$20,000,000 USD

PRICE/SF

$552 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,735 SF

ZONING

RC4

APN/PARCEL ID

0275-009

ASK ABOUT THIS PROPERTY

Jim WrightMarcus & MillichapMore Info
650-644-6544

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Jim WrightMarcus & MillichapMore Info
650-644-6544

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.