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1159-1169 Union St 6 Unit Apartment Building $3,800,000 ($633,333/Unit) 4.13% Cap Rate San Francisco, CA 94109



Investment Highlights
- Six-unit Russian Hill building with Golden Gate Bridge views from upper floors
- significant upside, units average 1,521 SF
- Six-car garage with rear access from Warner Place — one-half block from Hyde Street Cable Car
- Soft-story seismic retrofit completed 2017; separately metered gas and electric
Executive Summary
1159-1169 Union Street is a six-unit Russian Hill building with Golden Gate Bridge views from its upper floors, located one-half block from the famous Hyde Street Cable Car line. Two flats per floor across three residential levels, over a six-car garage with rear access from Warner Place. Each unit features hardwood floors, original detailing, and a 2 or 3-bedroom layout. The formal dining room in each flat can be converted into a third bedroom. Units 1159 and 1169 include an additional dedicated room suited to a home office.
All six flats carry views to the south. The four units on the second and third floors are dual-aspect, with direct sightlines to the Bay from the front, and Downtown from the rear. The ground floor houses a tenant laundry room, private tenant storage, and the six-car garage. A common rear deck serves all six units.
Each unit averages 1,521 square feet, exceptional scale for a San Francisco flat. In-place rents sit below current market, with generous upside available to an owner in the future through turnover.
1159-1169 Union is available individually, and with 1067-1071 Union as a two-property portfolio.
All six flats carry views to the south. The four units on the second and third floors are dual-aspect, with direct sightlines to the Bay from the front, and Downtown from the rear. The ground floor houses a tenant laundry room, private tenant storage, and the six-car garage. A common rear deck serves all six units.
Each unit averages 1,521 square feet, exceptional scale for a San Francisco flat. In-place rents sit below current market, with generous upside available to an owner in the future through turnover.
1159-1169 Union is available individually, and with 1067-1071 Union as a two-property portfolio.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,800,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $633,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.13% | Building Size | 15,744 SF |
| Gross Rent Multiplier | 13.59 | No. Stories | 4 |
| No. Units | 6 | Year Built/Renovated | 1925/2017 |
| Property Type | Multifamily | Parking Ratio | 0.38/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RH-3 - RH-3 - Residential House, Three Family. Allows up to three dwelling units. | ||
| Price | $3,800,000 |
| Price Per Unit | $633,333 |
| Sale Type | Investment |
| Cap Rate | 4.13% |
| Gross Rent Multiplier | 13.59 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 15,744 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1925/2017 |
| Parking Ratio | 0.38/1,000 SF |
| Zoning | RH-3 - RH-3 - Residential House, Three Family. Allows up to three dwelling units. |
Amenities
Unit Amenities
- Bay Window
- Hardwood Floors
- Views
- Dining Room
- Large Bedrooms
Site Amenities
- Vintage Building
- Storage Space
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 1,521 |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 0122-025 | Total Assessment | $1,398,516 |
| Land Assessment | $517,959 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $880,557 | Tax Year | 2025 |
Property Taxes
Parcel Number
0122-025
Land Assessment
$517,959
Improvements Assessment
$880,557
Total Assessment
$1,398,516
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1159-1169 Union St
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