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1499 California St 89 Unit Apartment Building $11,900,000 ($133,708/Unit) 7.35% Cap Rate San Francisco, CA 94109
Executive Summary
1499 California is a four-story, mixed-use, corner apartment building located
in Nob Hill, known for its city landmarks and fabulous hotels. This property is
conveniently located just seconds away from Trader Joe’s and Whole Foods, a
few blocks away from Polk Street, Swan Oyster Depot, Bob’s Donuts, and the
Huntington Garden.
Nob Hill is within comfortable walking distance to the iconic San Francisco
landmarks; Grace Cathedral, Huntington Park & the SF Masonic Auditorium. Due
to it’s central location, transportation options are plentiful on Mason, Powell, Clay,
Sacramento and California Street. The unit mix in the building consists of eighty-four
(84) SROs, four (4) ADUs, and one (1) commercial unit. The units feature
hardwood floors, large windows, upgraded appliances, and many private baths.
This modern and recently upgraded property features a big and spacious lobby/
lounge area, on-site laundry, an elevator, and historic details throughout. 1499
California Street offers investors an opportunity to acquire a high-yield income on
a well-maintained building in a prime Nob Hill location.
in Nob Hill, known for its city landmarks and fabulous hotels. This property is
conveniently located just seconds away from Trader Joe’s and Whole Foods, a
few blocks away from Polk Street, Swan Oyster Depot, Bob’s Donuts, and the
Huntington Garden.
Nob Hill is within comfortable walking distance to the iconic San Francisco
landmarks; Grace Cathedral, Huntington Park & the SF Masonic Auditorium. Due
to it’s central location, transportation options are plentiful on Mason, Powell, Clay,
Sacramento and California Street. The unit mix in the building consists of eighty-four
(84) SROs, four (4) ADUs, and one (1) commercial unit. The units feature
hardwood floors, large windows, upgraded appliances, and many private baths.
This modern and recently upgraded property features a big and spacious lobby/
lounge area, on-site laundry, an elevator, and historic details throughout. 1499
California Street offers investors an opportunity to acquire a high-yield income on
a well-maintained building in a prime Nob Hill location.
Property Facts
| Price | $11,900,000 | Property Subtype | Apartment |
| Price Per Unit | $133,708 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.35% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 8.62 | Building Size | 21,359 SF |
| No. Units | 89 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1907 |
| Zoning | POLK | ||
| Price | $11,900,000 |
| Price Per Unit | $133,708 |
| Sale Type | Investment |
| Cap Rate | 7.35% |
| Gross Rent Multiplier | 8.62 |
| No. Units | 89 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 21,359 SF |
| No. Stories | 4 |
| Year Built | 1907 |
| Zoning | POLK |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
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Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0250-016 | Improvements Assessment | $4,019,366 |
| Land Assessment | $2,679,575 | Total Assessment | $8,842,713 |
Property Taxes
Parcel Number
0250-016
Land Assessment
$2,679,575
Improvements Assessment
$4,019,366
Total Assessment
$8,842,713
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Videos
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Photos
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Street
Map
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Contact the Sale Advisor
1499 California St