3535 Wawona St - Apartments FOR SALE


San Francisco, CA 94116- Outer Sunset
$18,000,000 USD
415-244-6300
3535 Wawona St, San Francisco, CA for Sale
$18,000,000 USD
Apartments - FOR SALE
1/84
null | Request Cap Rate

3535 Wawona St
San Francisco, CA 94116
Outer Sunset


HIGHLIGHTS

  • Curated Portfolio of Newly Constructed Premium Resale-Oriented Condominiums.
  • Resort-Caliber Amenities in a Boutique Coastal Setting.
  • High-End Finishes that Support Top-of-Market Retail Pricing.
  • Integrated Retail Amenity Supports Premium Residential Positioning.
  • Irreplaceable Coastal Location Adjacent to Ocean Beach and the San Francisco Zoo.
  • Connectivity to Major San Francisco and Peninsula Employment Centers.

OVERVIEW

The Cushman and Wakefield Northern California Multifamily Team is pleased to offer for sale, The Westerly, a rare opportunity to acquire a critical mass of newly constructed luxury condominiums in bulk within one of San Francisco’s most supply-constrained coastal neighborhoods. The offering consists of 16 residences—15 two-bedroom condominiums and one three-bedroom condominium—within a 56-unit boutique condominium community, providing immediate scale for a premium individual sell-off strategy. Bulk acquisition allows an investor to establish a favorable basis relative to retail pricing while maintaining flexibility to phase dispositions and optimize exit timing. The underlying product is purpose-built for premium resale and differentiated by its level of finish, design quality, and lifestyle orientation. Residences feature high-end interiors including quartzite countertops, European cabinetry, premium appliance packages, hardwood flooring, spa-quality bathrooms, and private outdoor space. Expansive windows and select corner layouts capture ocean, city, and zoo views, reinforcing the project’s luxury positioning and supporting top-of-market pricing upon individual resale. The Westerly’s amenity and retail offerings elevate the property beyond traditional Sunset District condominium inventory. A resort-caliber amenity suite—co-working spaces, owner lounges, ocean-view patios with firepits, landscaped outdoor areas, and secure parking—creates a lifestyle-driven value proposition that resonates strongly with owner-occupants. Additionally, approximately 19,200 square feet of integrated ground-floor retail, designed for a neighborhood serving market and restaurant, will enhance daily convenience, activate the streetscape, and materially improves residential desirability and absorption prospects. Location is a defining strength of the investment. Situated one block from Ocean Beach and adjacent to the San Francisco Zoo, the property benefits from an irreplaceable coastal setting within the Sunset District—an area characterized by limited new condominium supply and enduring lifestyle appeal. Access to well-regarded neighborhood public schools and efficient connectivity to Downtown San Francisco, UCSF, Mission Bay, and Peninsula employment centers further broaden the buyer pool. Collectively, these factors create a clear, executable path to value creation through premium individual condo sales in a supply-constrained market.

FOR SALE DETAILS

PRICE

$18,000,000 USD

PRICE/SF

$154 USD /SF

# OF UNITS

16

PRICE/UNIT

$1,125,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Westerly

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2020

PARKING SPACES

112

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

NC-2 Commercial Zoning

APN/PARCEL ID

2515-010,2515-011,2515-014,2515-017,2515-023,2515-024,2515-028,2515-029,2515-031,2515-032,2515-033,2515-039,2515-044,2515-048,2515-049,2515-058,2515-063

ASK ABOUT THIS PROPERTY

Keith MansonCushman & WakefieldMore Info
415-244-6300

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Keith MansonCushman & WakefieldMore Info
415-244-6300

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