For Sale

09-08-2021
09-20-2021

1000 Union St, San Francisco, CA 94133

Meticulously maintained, thirty (30) unit, Edwardian-style, apartment building occupying the northwest corner of Union and Jones Streets, in the heart of prestigious Russian Hill. Unit mix sixteen 16 studio/1bath; 13 one bedroom/1bath apts; and an owner’s 2-bedroom/2.25 bath, penthouse apartment. The owner’s apartment has outstanding views from every room and comes with a private deck.  Three parking spaces in the building (owner controlled). The apartments are well designed, efficiently planned and benefit from an abundance of natural light, due to its corner location.  Large community deck, a gated bike storage area and laundry facilities. Compliant with the fire alarm frequency ordinance and has been seismically upgraded in adherence with the SF soft-story ordinance. Rare opportunity for an owner/user or investor to purchase a “Trophy” asset, excellent accessory dwelling unit (ADU) potential and income upside through unit turnover.

Property Description

Meticulously maintained, thirty (30) unit, Edwardian-style, apartment building occupying the northwest corner of Union and Jones Streets, in the heart of prestigious Russian Hill. Unit mix sixteen 16 studio/1bath; 13 one bedroom/1bath apts; and an owner’s 2-bedroom/2.25 bath, penthouse apartment. The owner’s apartment has outstanding views from every room and comes with a private deck.  Three parking spaces in the building (owner controlled). The apartments are well designed, efficiently planned and benefit from an abundance of natural light, due to its corner location.  Large community deck, a gated bike storage area and laundry facilities. Compliant with the fire alarm frequency ordinance and has been seismically upgraded in adherence with the SF soft-story ordinance. Rare opportunity for an owner/user or investor to purchase a “Trophy” asset, excellent accessory dwelling unit (ADU) potential and income upside through unit turnover.

Unit Mix

Description No. of Units Sq ft. Avg. Monthly Rent
Studio 16 0 $ 0
One Bedroom 13 0 $ 0
Two bedroom 1 0 $ 0

Key Property Information

Listing Status
Available
Multi-family type
Garden Style
Price
$ 16,500,000
No. of Units
30
Cap Rate
2.6%
GRM / GIM
19.38
Year Built
1913
Building Size
24,535 Sq ft
Lot Size
6,185 Sq ft
No. of Stories
3
APN
0098-002
Zoning Code
RM2
No. of Parking Spots
3
Opportunity Zone
Off
Buy Side Fee
1%
Price per unit
$ 550,000
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37.799967, -122.416066

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