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848 California St
San Francisco, CA 94108
Multifamily Property For Sale
·
33 Units
Investment Highlights
- FULLY ENTITLED: Delivered with approved entitlements and a streamlined path to construction, significantly de-risking the development timeline.
- EFFICIENT DESIGN: High net-to-gross efficiency with premium finishes and a dedicated below-grade parking garage for 9 vehicles
- PRIME LOCATION: Situated in Nob Hill, steps from Huntington Park, Grace Cathedral, and the Fairmont Hotel.
- OPTIMAL UNIT MIX: A curated blend of 4 Studios, 14 - 1BR, 11 - 2BR, and 4 - 3BR units catering to a wide demographic of urban professionals.
- SAN FRANCISCO RECOVERY: Capitalize on the city’s "2.0" growth cycle, driven by the AI industry’s massive footprint in the downtown core.
- RARE FOR-SALE ASSET: New, small-lot high-end inventory is incredibly scarce in this immediate neighborhood
Executive Summary
On behalf of Ownership, Marcus and Millichap is pleased to present the exclusive opportunity to acquire 842 - 860 California Street, a fully entitled, shovel-ready development site located in the heart of San Francisco’s iconic Nob Hill neighborhood. This 33-unit luxury condominium project represents a rare chance to develop a midrise residential landmark in a submarket defined by extreme barriers to entry and a historical lack of new supply.
Designed by the award-winning firm Cass Calder Smith, the project proposes a 9-story, ~47,000 square foot building that thoughtfully bridges the gap between historic Nob Hill elegance and modern luxury. Utilizing the State Density Bonus, the development maximizes its footprint to offer a diverse mix of 33 residences—ranging from efficient studios to expansive three-bedroom penthouse floor plans—complemented by a sophisticated amenity suite and a sprawling rooftop terrace with panoramic city views.
Designed by the award-winning firm Cass Calder Smith, the project proposes a 9-story, ~47,000 square foot building that thoughtfully bridges the gap between historic Nob Hill elegance and modern luxury. Utilizing the State Density Bonus, the development maximizes its footprint to offer a diverse mix of 33 residences—ranging from efficient studios to expansive three-bedroom penthouse floor plans—complemented by a sophisticated amenity suite and a sprawling rooftop terrace with panoramic city views.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 33 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Construction Status | Proposed |
| Property Subtype | Apartment | Building Size | 47,000 SF |
| Apartment Style | Mid-Rise | No. Stories | 8 |
| Zoning | RM4 | ||
| Sale Type | Investment |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Construction Status | Proposed |
| Building Size | 47,000 SF |
| No. Stories | 8 |
| Zoning | RM4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 900 |
| 2+1 | 11 | - | 1,450 |
| 4+1 | 4 | - | 2,550 |
Property Taxes
| Parcel Number | 0243-027 | Improvements Assessment | $0 |
| Land Assessment | $5,628,646 | Total Assessment | $5,628,646 |
Property Taxes
Parcel Number
0243-027
Land Assessment
$5,628,646
Improvements Assessment
$0
Total Assessment
$5,628,646
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