1499 California Street
$11,900,000
1499 California Street, San Francisco, CA 94109
7.54
Cap Rate
8.31
Pro Forma Cap Rate
Details:
Description:
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.
Documents:
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1499_California_St_OM.pdf
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Location
Gallery
