1067 Union St - Apartments FOR SALE


San Francisco, CA 94133- Russian Hill
$2,500,000 USD
415-254-7071
1067 Union St, San Francisco, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/22
null | 3.88% Cap Rate

1067 Union St
San Francisco, CA 94133
Russian Hill


HIGHLIGHTS

  • Five-unit Russian Hill building one block from the Hyde Street Cable Car — frontage on Union Street and Macondray Lane
  • Three-car garage; units average 1,215 SF and can be configured as 2BR or 3BR full-floor flats
  • Below-market in-place rents with significant upside through turnover; hardwood floors and period detail throughout
  • Soft-story seismic retrofit completed 2017; separately metered gas and electric; in-unit laundry hookups

OVERVIEW

1067-1071 Union Street is a five-unit wood-frame apartment building located at the upper crest of Russian Hill, one block from the Hyde Street cable car. The property features two buildings on a single lot with frontage on both Union Street and Macondray Lane. Five full-floor flats over a three-car garage. Three units carry Union Street addresses (1067, 1069, 1071); two units are addressed directly on Macondray Lane (128 and 130), the pedestrian half-block street that has anchored this part of Russian Hill since the 1880s. Each flat is a full-floor 5-room floor plan averaging 1,215 square feet. The units run meaningfully larger than the typical San Francisco two-bedroom and can be configured as a 2 or 3-bedroom layout. Built in 1908, wood-frame construction with hardwood floors and original period detail throughout. In-place rents sit materially below market, with generous upside in the rental income available through turnover. 1067-1071 Union is available individually, and with 1159-1169 Union as a two-property portfolio.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$412 USD /SF

# OF UNITS

5

PRICE/UNIT

$500,000

CAP RATE

3.88%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,856 SF

ZONING

RH-3

APN/PARCEL ID

0121-018

ASK ABOUT THIS PROPERTY

Philip BatlinMarcus & MillichapMore Info
415-254-7071

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Philip BatlinMarcus & MillichapMore Info
415-254-7071

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