1060-1062 Sutter St - Apartments FOR SALE


San Francisco, CA 94109- Lower Nob
$4,100,000 USD
415-288-7810
1060-1062 Sutter St, San Francisco, CA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/12
null | 4.88% Cap Rate

1060-1062 Sutter St
San Francisco, CA 94109
Lower Nob


OVERVIEW

1062 Sutter Street presents a well-located fifteen (15) unit multifamily investment opportunity in San Francisco’s Lower Nob Hill neighborhood. Ideally situated just steps from Polk Street, Union Square, and the Financial District, the property benefits from exceptional walkability, immediate access to public transportation, and proximity to a wide array of dining, retail, and employment hubs, supporting strong and consistent rental demand. Constructed in 1922, the building spans approximately 8,888 square feet and features a unit mix of twelve (12) studios, two (2) one-bedroom / one-bathroom unit, and one (1) three-bedroom / two-bathroom unit. Units offer functional layouts with classic San Francisco charm, including hardwood flooring, large windows allowing for abundant natural light, and period details throughout. Select units have been updated with modern kitchens featuring granite countertops, wood cabinetry, stainless steel appliances, and refreshed bathrooms with contemporary finishes. The property is separately metered for gas and electricity and has completed compliance with the San Francisco Fire Alarm Sleeping Room Ordinance. Additional building features include a secure entry system, on-site laundry, and both front and rear fire escapes, contributing to operational efficiency and tenant convenience. With a significant portion of the current rent roll below market, 1062 Sutter Street offers investors a compelling value-add opportunity through strategic rent increases and continued unit upgrades. The property combines stable in-place income with meaningful upside potential in one of San Francisco’s most central and transit-oriented locations, making it an attractive acquisition for both long-term investors and those seeking a repositioning opportunity.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$533 USD /SF

# OF UNITS

15

PRICE/UNIT

$273,333

CAP RATE

4.88%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,330 SF

ZONING

RC-4

APN/PARCEL ID

0279-010

ASK ABOUT THIS PROPERTY

Annie EvansColliersMore Info
415-288-7810

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Annie EvansColliersMore Info
415-288-7810

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