650-644-6544
848 California St, San Francisco, CA for Sale
Apartments - FOR SALE
1/7
null | Request Cap Rate

848 California St
San Francisco, CA 94108
Chinatown


HIGHLIGHTS

  • FULLY ENTITLED: Delivered with approved entitlements and a streamlined path to construction, significantly de-risking the development timeline.
  • OPTIMAL UNIT MIX: A curated blend of 4 Studios, 14 - 1BR, 11 - 2BR, and 4 - 3BR units catering to a wide demographic of urban professionals.
  • EFFICIENT DESIGN: High net-to-gross efficiency with premium finishes and a dedicated below-grade parking garage for 9 vehicles
  • SAN FRANCISCO RECOVERY: Capitalize on the city’s "2.0" growth cycle, driven by the AI industry’s massive footprint in the downtown core.
  • PRIME LOCATION: Situated in Nob Hill, steps from Huntington Park, Grace Cathedral, and the Fairmont Hotel.
  • RARE FOR-SALE ASSET: New, small-lot high-end inventory is incredibly scarce in this immediate neighborhood

OVERVIEW

On behalf of Ownership, Marcus and Millichap is pleased to present the exclusive opportunity to acquire 842 - 860 California Street, a fully entitled, shovel-ready development site located in the heart of San Francisco’s iconic Nob Hill neighborhood. This 33-unit luxury condominium project represents a rare chance to develop a midrise residential landmark in a submarket defined by extreme barriers to entry and a historical lack of new supply. Designed by the award-winning firm Cass Calder Smith, the project proposes a 9-story, ~47,000 square foot building that thoughtfully bridges the gap between historic Nob Hill elegance and modern luxury. Utilizing the State Density Bonus, the development maximizes its footprint to offer a diverse mix of 33 residences—ranging from efficient studios to expansive three-bedroom penthouse floor plans—complemented by a sophisticated amenity suite and a sprawling rooftop terrace with panoramic city views.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

33

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RM4

APN/PARCEL ID

0243-027

ASK ABOUT THIS PROPERTY

Jim WrightMarcus & MillichapMore Info
650-644-6544

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Jim WrightMarcus & MillichapMore Info
650-644-6544

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