1437 Mason St - Apartments FOR SALE


San Francisco, CA 94133- Nob Hill
$1,388,800 USD
415-625-2111
1437 Mason St, San Francisco, CA for Sale
$1,388,800 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1437 Mason St
San Francisco, CA 94133
Nob Hill


HIGHLIGHTS

  • Building permits have been issued, allowing a developer to bypass much of the entitlement risk and lengthy San Francisco planning timeline.
  • The property sits in one of the city’s most sought-after neighborhoods, within walking distance to North Beach, Polk Street, and the waterfront.
  • The scope allows a buyer to transform a dated structure into a modern luxury residential property with strong resale or rental potential.
  • Engineering plans include foundation upgrades and structural modernization, reducing unknowns during construction.
  • Russian Hill rarely sees redevelopment opportunities with approved plans, creating a compelling opportunity for investors and developers.
  • This project is ideal for a developer seeking to create high-quality residential product in a premier San Francisco neighborhood.

OVERVIEW

Located in the heart of Russian Hill, one of San Francisco's most desirable and supply-constrained residential neighborhoods, 1437 Mason Street presents a rare opportunity to acquire a fully permitted renovation project with significant upside. The property consists of a two-unit residential building originally constructed in 1907, situated on a 2,750 square foot lot in the RM-2 zoning district. The project has already secured approvals and permits through the San Francisco Department of Building Inspection, allowing a buyer to immediately move forward with construction and reposition the asset into a modern, high-end residential property. The approved plans call for a comprehensive redevelopment of the existing structure while maintaining the building envelope. The project includes: Complete interior reconfiguration of both residential units, New structural foundation and seismic improvements, Conversion of basement space into functional living area, Removal and replacement of existing stair systems, Full facade upgrades and exterior improvements, New roof deck elements and modernized architectural features. Upon completion, the project will deliver two redesigned residential units with modern layouts, updated systems, and enhanced outdoor space. Permits in hand for the follow unit mix: One (3) bed (3) bath - UPSTAIRS One (1) bed (1.5) bath - DOWNSTAIRS

FOR SALE DETAILS

PRICE

$1,388,800 USD

PRICE/SF

$774 USD /SF

# OF UNITS

2

PRICE/UNIT

$694,400

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,744 SF

ZONING

RM2

APN/PARCEL ID

0158-005

ASK ABOUT THIS PROPERTY

Angelo BaglieriMarcus & MillichapMore Info
415-625-2111

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Angelo BaglieriMarcus & MillichapMore Info
415-625-2111

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