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The Westerly 3535 Wawona St 16 Unit Apartment Building $18,000,000 ($1,125,000/Unit) San Francisco, CA 94116
Investment Highlights
- Curated Portfolio of Newly Constructed Premium Resale-Oriented Condominiums.
- High-End Finishes that Support Top-of-Market Retail Pricing.
- Irreplaceable Coastal Location Adjacent to Ocean Beach and the San Francisco Zoo.
- Resort-Caliber Amenities in a Boutique Coastal Setting.
- Integrated Retail Amenity Supports Premium Residential Positioning.
- Connectivity to Major San Francisco and Peninsula Employment Centers.
Executive Summary
The Cushman and Wakefield Northern California Multifamily Team is pleased to offer for sale, The Westerly, a rare opportunity to acquire a critical mass of newly constructed luxury condominiums in bulk within one of San Francisco’s most supply-constrained coastal neighborhoods. The offering consists of 16 residences—15 two-bedroom condominiums and one three-bedroom condominium—within a 56-unit boutique condominium community, providing immediate scale for a premium individual sell-off strategy. Bulk acquisition allows an investor to establish a favorable basis relative to retail pricing while maintaining flexibility to phase dispositions and optimize exit timing.
The underlying product is purpose-built for premium resale and differentiated by its level of finish, design quality, and lifestyle orientation. Residences feature high-end interiors including quartzite countertops, European cabinetry, premium appliance packages, hardwood flooring, spa-quality bathrooms, and private outdoor space. Expansive windows and select corner layouts capture ocean, city, and zoo views, reinforcing the project’s luxury positioning and supporting top-of-market pricing upon individual resale.
The Westerly’s amenity and retail offerings elevate the property beyond traditional Sunset District condominium inventory. A resort-caliber amenity suite—co-working spaces, owner lounges, ocean-view patios with firepits, landscaped outdoor areas, and secure parking—creates a lifestyle-driven value proposition that resonates strongly with owner-occupants. Additionally, approximately 19,200 square feet of integrated ground-floor retail, designed for a neighborhood serving market and restaurant, will enhance daily convenience, activate the streetscape, and materially improves residential desirability and absorption prospects.
Location is a defining strength of the investment. Situated one block from Ocean Beach and adjacent to the San Francisco Zoo, the property benefits from an irreplaceable coastal setting within the Sunset District—an area characterized by limited new condominium supply and enduring lifestyle appeal. Access to well-regarded neighborhood public schools and efficient connectivity to Downtown San Francisco, UCSF, Mission Bay, and Peninsula employment centers further broaden the buyer pool. Collectively, these factors create a clear, executable path to value creation through premium individual condo sales in a supply-constrained market.
The underlying product is purpose-built for premium resale and differentiated by its level of finish, design quality, and lifestyle orientation. Residences feature high-end interiors including quartzite countertops, European cabinetry, premium appliance packages, hardwood flooring, spa-quality bathrooms, and private outdoor space. Expansive windows and select corner layouts capture ocean, city, and zoo views, reinforcing the project’s luxury positioning and supporting top-of-market pricing upon individual resale.
The Westerly’s amenity and retail offerings elevate the property beyond traditional Sunset District condominium inventory. A resort-caliber amenity suite—co-working spaces, owner lounges, ocean-view patios with firepits, landscaped outdoor areas, and secure parking—creates a lifestyle-driven value proposition that resonates strongly with owner-occupants. Additionally, approximately 19,200 square feet of integrated ground-floor retail, designed for a neighborhood serving market and restaurant, will enhance daily convenience, activate the streetscape, and materially improves residential desirability and absorption prospects.
Location is a defining strength of the investment. Situated one block from Ocean Beach and adjacent to the San Francisco Zoo, the property benefits from an irreplaceable coastal setting within the Sunset District—an area characterized by limited new condominium supply and enduring lifestyle appeal. Access to well-regarded neighborhood public schools and efficient connectivity to Downtown San Francisco, UCSF, Mission Bay, and Peninsula employment centers further broaden the buyer pool. Collectively, these factors create a clear, executable path to value creation through premium individual condo sales in a supply-constrained market.
Property Facts
| Price | $18,000,000 | Building Class | C |
| Price Per Unit | $1,125,000 | Lot Size | 0.78 AC |
| Sale Type | Investment | Building Size | 117,000 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | Parking Ratio | 0.07/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | NC-2 Commercial Zoning | ||
| Price | $18,000,000 |
| Price Per Unit | $1,125,000 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 117,000 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2020 |
| Parking Ratio | 0.07/1,000 SF |
| Zoning | NC-2 Commercial Zoning |
Amenities
Site Amenities
- Clubhouse
- Courtyard
- Roof Terrace
- Bicycle Storage
- Pet Washing Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 16 | $3,825 | 1,011 - 1,355 |
Fairly walkable
50/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,976,707 | |
| Land Assessment | $11,612,744 | Total Assessment | $19,589,451 |
Property Taxes
Parcel Numbers
Land Assessment
$11,612,744
Improvements Assessment
$7,976,707
Total Assessment
$19,589,451
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The Westerly | 3535 Wawona St
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