1499 California St - Apartments FOR SALE


San Francisco, CA 94109- Lower Nob
$11,900,000 USD
415-288-7847
1499 California St, San Francisco, CA for Sale
$11,900,000 USD
Apartments - FOR SALE
1/9
null | 7.35% Cap Rate

1499 California St
San Francisco, CA 94109
Lower Nob


OVERVIEW

1499 California is a four-story, mixed-use, corner apartment building located in Nob Hill, known for its city landmarks and fabulous hotels. This property is conveniently located just seconds away from Trader Joe’s and Whole Foods, a few blocks away from Polk Street, Swan Oyster Depot, Bob’s Donuts, and the Huntington Garden. Nob Hill is within comfortable walking distance to the iconic San Francisco landmarks; Grace Cathedral, Huntington Park & the SF Masonic Auditorium. Due to it’s central location, transportation options are plentiful on Mason, Powell, Clay, Sacramento and California Street. The unit mix in the building consists of eighty-four (84) SROs, four (4) ADUs, and one (1) commercial unit. The units feature hardwood floors, large windows, upgraded appliances, and many private baths. This modern and recently upgraded property features a big and spacious lobby/ lounge area, on-site laundry, an elevator, and historic details throughout. 1499 California Street offers investors an opportunity to acquire a high-yield income on a well-maintained building in a prime Nob Hill location.

FOR SALE DETAILS

PRICE

$11,900,000 USD

PRICE/SF

$198 USD /SF

# OF UNITS

89

PRICE/UNIT

$133,708

CAP RATE

7.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,135 SF

ZONING

POLK

APN/PARCEL ID

0250-016

ASK ABOUT THIS PROPERTY

415-288-7847

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415-288-7847

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