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Cow Hollow

$2,800,000

1964 Union Street, San Francisco, CA 94123

Active
Last Updated: 09/15/2025

4.4

Cap Rate

123,021

NOI

Details:
Cap Rate:    4.4%
NOI:    $123,021
Building Size:    3,716 sqft
Lot Area:    3,846 sqft
Occupancy:    100%
Class:    A
Units:    3
Year Built:    1924
Price Per Sqft:    $753
Zoning:    NDC
Tenancy:    Multiple
Floors:    2
Highlights:
  • Development opportunity - 2 units can be approved
  • Super clean and well-maintained property
Description:

Positioned in the heart of San Francisco's prestigious Cow Hollow neighborhood, 1964-1966 Union Street is a prime multi-family investment with both immediate income strength and compelling long-term upside. The property features well-maintained, recently updated residential units. While the building is turnkey from an operational standpoint, there remains significant upside in rents, offering investors the ability to capture stronger cash flow as leases roll. Beyond the stabilized income stream, the property includes a large, flat, vacant rear yard that presents an exceptional development opportunity. Whether for additional units, an ADU expansion, or enhanced common-area amenities, this underutilized space offers investors a pathway to unlock further value in one of the city's most supply-constrained neighborhoods.

Map:
Location
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