1016 Washington Street

Description:

Well-located multifamily investment opportunity in the heart of Nob Hill, offering investors the chance to acquire a boutique asset in one of San Francisco’s most iconic and centrally positioned neighborhoods, known for its historic charm, strong rental demand, and proximity to major employment and lifestyle hubs.

1016 Washington Street is ideally situated just steps from renowned Nob Hill landmarks including Grace Cathedral, Huntington Park, and the Masonic Auditorium, while also within walking distance to the vibrant dining, retail, and nightlife destinations of Polk Street, North Beach, Chinatown, and Union Square. The property benefits from exceptional connectivity, with convenient access to multiple public transportation lines along nearby Mason, Powell, Clay, Sacramento, and California Streets, as well as regional transit options throughout the city.

The property consists of four (4) well-proportioned two-bedroom, one-bath units within an approximately 2,814 square foot building constructed in 1907. Units feature functional layouts with hardwood flooring, spacious living areas, and large closets, along with updated kitchens equipped with quartz countertops, wood cabinetry, gas stoves, and modern appliances. Bathrooms offer tile flooring, tub/shower combinations, and updated finishes, creating a comfortable and appealing living environment.

1016 Washington Street presents investors with stable in-place income and approximately 35% rental upside, offering a compelling value-add opportunity in a highly desirable Nob Hill location with continued long-term tenant demand.