Just Sold

04-25-2022
06-24-2022

1850 Clay St, San Francisco, CA 94109

Colliers International is pleased to introduce 1850 Clay Street, San Francisco for sale. The building is a 5 story, 20-unit, concrete & steel, apartment building constructed in 1927. The structure is approximately 16,587 square feet and occupies a mid-block lot between Franklin Street & Van Ness Avenue, in the City’s Pacific Heights neighborhood. Located on a prestigious block near Lafayette Park, the distinguished brick and steel structure is an excellent example of the quality of construction of its era. The marble entryway and ornate lobby lead to a main staircase (or vintage elevator) for apartment access. The apartments are comprised of grand studio and one bedroom floor plans, that possess attractive period detail and benefit from ample natural light. There are two levels of enclosed garage parking for the tenants.
This is a rare opportunity to acquire a Pacific Heights, “pride of ownership” asset with tremendous income upside potential, realized through turnover.

Key Property Information

Listing Status
Sold
Multifamily type
Mid-Rise
Price
$ 10,000,000
Sales price
$ 9,990,000
No. of Units
20
Cap Rate
2.72%
GRM / GIM
19.1
Average Occupancy
100%
Year Built
1927
Building Size
16,587 Sq ft
Lot Size
5,108 Sq ft
No. of Stories
5
APN
0618-003
Zoning Code
RM3
Opportunity Zone
Off
Buy Side Fee
1.5%
Price per unit
$ 500,000
Closing Date
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37.792352, -122.423756

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