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1055 Pine St 36,213 SF Specialty Building Offered at $20,000,000 in San Francisco, CA 94109
Investment Highlights
- Vacancy: Citywide vacancies have fallen to ~4.5%, with Nob Hill rents up 5-7% YoY.
- Prime Value-Add Opportunity: Vacant building ripe for repositioning through modern renovations to capture premium rents.
- Call Jim Wright for more information.
- Median rent across unit types is $3,047 but Nob Hill skews higher at $3,500-$4,375 for studios/1-beds ideal for student or young professional tenants.
- Well Below Replacement Cost: Acquisition below replacement cost ensures strategic advantage and strong demand.
Executive Summary
The property at 1055 Pine Street is a historic multi-family apartment building located in the vibrant Lower Nob Hill neighborhood of San Francisco. Initially constructed in 1910, it spans 5 stories and approximately 36,213 square feet. The building features 80 units, primarily studios and one-bedrooms, historically used as affordable student housing. It includes 24 bathrooms and is zoned RM-4 (Residential Mixed, High Density), allowing for high-density residential use with potential for mixed commercial elements on the ground floor.
Property Facts
| Price | $20,000,000 | Lot Size | 0.48 AC |
| Price Per SF | $552.29 | Building Size | 36,213 SF |
| Sale Type | Investment | No. Stories | 5 |
| Sale Condition | Bulk/Portfolio Sale | Year Built | 1910 |
| Property Type | Specialty | Tenancy | Single |
| Building Class | C | Parking Ratio | 0.28/1,000 SF |
| Zoning | RC4 - High Mixed Density Residential and Commercial | ||
| Price | $20,000,000 |
| Price Per SF | $552.29 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 36,213 SF |
| No. Stories | 5 |
| Year Built | 1910 |
| Tenancy | Single |
| Parking Ratio | 0.28/1,000 SF |
| Zoning | RC4 - High Mixed Density Residential and Commercial |
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Property Taxes
| Parcel Number | 0275-009 | Improvements Assessment | $2,410,957 |
| Land Assessment | $5,590,425 | Total Assessment | $8,001,382 |
Property Taxes
Parcel Number
0275-009
Land Assessment
$5,590,425
Improvements Assessment
$2,410,957
Total Assessment
$8,001,382
Contacts
-
Jim Wright -
J.J. Taughinbaugh -
Yuri Sergunin, CCIM -
Taylor Flynn -
Marcus & Millichap
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1055 Pine St
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