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15-Unit Multifamily Nob Hill 1400 Jones St 15 Unit Apartment Building $6,300,000 ($420,000/Unit) 5.63% Cap Rate San Francisco, CA 94109
Investment Highlights
- Ideal Nob Hill location
- Well-maintained
- Sleep Alarm ordinance compliant
- 5.63% Cap Rate
- Soft story retrofit complete
Executive Summary
As exclusive agents, Urban Group Real Estate and Probate Agent Real Estate Services are pleased to present 1400 Jones Street, Condominium D, San Francisco, CA for purchase.
Originally constructed as a three-story, 15-unit apartment building, the property was updated in 1988 with the addition of a fourth level. This expansion added three penthouse units, after which the building was subdivided into four condominium units: one condominium comprising the original 15-unit apartment building and one condominium for each penthouse unit.
This offering consists of Condominium D only, which includes the 15-unit apartment occupying Floors 1 through 3, along with 15 deeded parking stalls located in the garage. Condominium D represents 80.72% of the total building, encompassing approximately 15,045 square feet.
The property is located in San Francisco’s Nob Hill neighborhood and features spacious floorplans with a unit mix of nine two-bedroom/two-bath units and six two-bedroom/one-bath units. Many units offer downtown views. The ground-level common area includes a laundry room with coin-operated machines. All deeded parking spaces are leased separately.
The building has been well maintained and has received electrical, plumbing, and structural improvements. The mandatory soft-story seismic retrofit was completed in 2019, and the property is in compliance with San Francisco’s Sleep Alarm Ordinance. The property is fully leased. Each unit is separately metered for electricity, supporting efficient property management.
1400 Jones Street is well situated within Nob Hill, offering convenient access to public transportation and proximity to neighborhood services and amenities. The property represents a well-maintained multifamily asset with consistent rental demand and long-term investment potential.
Open House Dates
• Tue 2/24/2026 – 1pm -2:30pm
• Tue 3/03/2026 – 1pm -2:30pm
• Tue 3/10/2026 – 1pm -2:30pm
Successor Trustee Sale, No Court Approval Required. COPA compliant. Contact Louis Cornejo for OM & showings. Call for offers Thursday 3/12/26 by 12noon. No pre-emptives please. NOT READY YET But Coming Soon: Cut & paste link to complete offer instructions & disclosures (including all reports) WILL be found here Thurs 2/26 (and NOT before). Pre Escrow opened with Michael Demers and Old Republic Title in Oakland due to trust documents. Broker's Note: As-is Trust Sale. Graphic artist drawings & 3rd party property inspections provided are for informational purposes only, & buyers & agents should not rely on them for making offer or purchase decisions. Buyers are advised to get any & all inspections they deem necessary. Buyers should also verify all square footage & any & all room counts, room legality & permit history for themselves.
Originally constructed as a three-story, 15-unit apartment building, the property was updated in 1988 with the addition of a fourth level. This expansion added three penthouse units, after which the building was subdivided into four condominium units: one condominium comprising the original 15-unit apartment building and one condominium for each penthouse unit.
This offering consists of Condominium D only, which includes the 15-unit apartment occupying Floors 1 through 3, along with 15 deeded parking stalls located in the garage. Condominium D represents 80.72% of the total building, encompassing approximately 15,045 square feet.
The property is located in San Francisco’s Nob Hill neighborhood and features spacious floorplans with a unit mix of nine two-bedroom/two-bath units and six two-bedroom/one-bath units. Many units offer downtown views. The ground-level common area includes a laundry room with coin-operated machines. All deeded parking spaces are leased separately.
The building has been well maintained and has received electrical, plumbing, and structural improvements. The mandatory soft-story seismic retrofit was completed in 2019, and the property is in compliance with San Francisco’s Sleep Alarm Ordinance. The property is fully leased. Each unit is separately metered for electricity, supporting efficient property management.
1400 Jones Street is well situated within Nob Hill, offering convenient access to public transportation and proximity to neighborhood services and amenities. The property represents a well-maintained multifamily asset with consistent rental demand and long-term investment potential.
Open House Dates
• Tue 2/24/2026 – 1pm -2:30pm
• Tue 3/03/2026 – 1pm -2:30pm
• Tue 3/10/2026 – 1pm -2:30pm
Successor Trustee Sale, No Court Approval Required. COPA compliant. Contact Louis Cornejo for OM & showings. Call for offers Thursday 3/12/26 by 12noon. No pre-emptives please. NOT READY YET But Coming Soon: Cut & paste link to complete offer instructions & disclosures (including all reports) WILL be found here Thurs 2/26 (and NOT before). Pre Escrow opened with Michael Demers and Old Republic Title in Oakland due to trust documents. Broker's Note: As-is Trust Sale. Graphic artist drawings & 3rd party property inspections provided are for informational purposes only, & buyers & agents should not rely on them for making offer or purchase decisions. Buyers are advised to get any & all inspections they deem necessary. Buyers should also verify all square footage & any & all room counts, room legality & permit history for themselves.
Property Facts
| Price | $6,300,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $420,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.63% | Building Size | 27,260 SF |
| No. Units | 15 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1907 |
| Property Subtype | Apartment | ||
| Zoning | RM-3 | ||
| Price | $6,300,000 |
| Price Per Unit | $420,000 |
| Sale Type | Investment |
| Cap Rate | 5.63% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 27,260 SF |
| No. Stories | 4 |
| Year Built | 1907 |
| Zoning | RM-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 9 | - | - |
| 2+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (99)
Property Taxes
| Parcel Number | 0189-033 | Improvements Assessment | $2,918,322 |
| Land Assessment | $4,244,832 | Total Assessment | $7,163,154 |
Property Taxes
Parcel Number
0189-033
Land Assessment
$4,244,832
Improvements Assessment
$2,918,322
Total Assessment
$7,163,154
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15-Unit Multifamily Nob Hill | 1400 Jones St
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