1159-1169 Union St - Apartments FOR SALE


San Francisco, CA 94109- Russian Hill
$3,800,000 USD
415-254-7071
1159-1169 Union St, San Francisco, CA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/19
null | 4.13% Cap Rate

1159-1169 Union St
San Francisco, CA 94109
Russian Hill


HIGHLIGHTS

  • Six-unit Russian Hill building with Golden Gate Bridge views from upper floors
  • Six-car garage with rear access from Warner Place — one-half block from Hyde Street Cable Car
  • significant upside, units average 1,521 SF
  • Soft-story seismic retrofit completed 2017; separately metered gas and electric

OVERVIEW

1159-1169 Union Street is a six-unit Russian Hill building with Golden Gate Bridge views from its upper floors, located one-half block from the famous Hyde Street Cable Car line. Two flats per floor across three residential levels, over a six-car garage with rear access from Warner Place. Each unit features hardwood floors, original detailing, and a 2 or 3-bedroom layout. The formal dining room in each flat can be converted into a third bedroom. Units 1159 and 1169 include an additional dedicated room suited to a home office. All six flats carry views to the south. The four units on the second and third floors are dual-aspect, with direct sightlines to the Bay from the front, and Downtown from the rear. The ground floor houses a tenant laundry room, private tenant storage, and the six-car garage. A common rear deck serves all six units. Each unit averages 1,521 square feet, exceptional scale for a San Francisco flat. In-place rents sit below current market, with generous upside available to an owner in the future through turnover. 1159-1169 Union is available individually, and with 1067-1071 Union as a two-property portfolio.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

6

PRICE/UNIT

$633,333

CAP RATE

4.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1925

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,423 SF

ZONING

RH-3

APN/PARCEL ID

0122-025

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.