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1074 Union Street

San Francisco, CA 94133
  • $6,999,000
  • STATUS: Active Under Contract
  • ON SITE: 191 Days
  • ID#: 421536107
Under Contract
UPDATED: 46 min ago
$6,999,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,613
    SQFT
  • $514
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

Description

1074 Union Street is a rare opportunity for an investor to add a trophy asset in an irreplaceable location to their portfolio. Located at the peak of Russian Hill, the property has nine spacious units which will be delivered vacant at the close of escrow. The property is an add-value asset. The property's location at the top of Russian Hill provides sweeping panoramic views of the San Francisco Bay. The large Four and Five room layouts all feature multiple bay windows which allows for tremendous amounts of natural light. Tenants enjoy numerous neighborhood amenities which include several parks and playgrounds. There are abundant opportunities for savvy investors to add value. Investors may choose to take advantage of the red-hot single-family dwelling market by converting the units to TICs and sell them off individually. Additionally, there is potential to add Accessory Dwelling Units (ADU) while completing the seismic retrofit.

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© 2021 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kulda Real Estate Group | Keller Williams Realty. Data last updated 2021-10-16T00:22:31.303.
www.kuldagroup.com/homes/115856703
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1074 Union Street San Francisco, CA 94133

  • Price: $6,999,000
  • Status: Active Under Contract
  • Updated: 46 min ago
  • ID#: 421536107
0
Beds
0
Baths
0
½ Baths
N/A
Acres
13,613
SQFT
$514
$/SQFT
1910
Built
Neighborhood:
Russian Hill
County:
San Francisco
Area:
Sf District 8
Property Description
1074 Union Street is a rare opportunity for an investor to add a trophy asset in an irreplaceable location to their portfolio. Located at the peak of Russian Hill, the property has nine spacious units which will be delivered vacant at the close of escrow. The property is an add-value asset. The property's location at the top of Russian Hill provides sweeping panoramic views of the San Francisco Bay. The large Four and Five room layouts all feature multiple bay windows which allows for tremendous amounts of natural light. Tenants enjoy numerous neighborhood amenities which include several parks and playgrounds. There are abundant opportunities for savvy investors to add value. Investors may choose to take advantage of the red-hot single-family dwelling market by converting the units to TICs and sell them off individually. Additionally, there is potential to add Accessory Dwelling Units (ADU) while completing the seismic retrofit.
Exterior Features

Construction Materials Wood Foundation Details Combination Independent Parking Spaces 0 Lot Features None Parking Features Attached Parking Total 2 Tandem Parking Spaces 0

Interior Features

Interior Features Storage Area(S) Rooms Total 49 Unit1 Approx Sq Ft 792 Unit1 Bedrooms 1 Unit1 Full Baths 1 Unit1 Partial Baths 0 Unit1of Rooms 0 Unit2 Approx Sq Ft 914 Unit2 Bedrooms 2 Unit2 Full Baths 1 Unit2 Partial Baths 0 Unit2of Rooms 0 Unit3 Approx Sq Ft 0 Unit3 Bedrooms 0 Unit3 Full Baths 0 Unit3 Partial Baths 0 Unit3of Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Bedrooms 0 Unit4 Full Baths 0 Unit4 Partial Baths 0 Unit4of Rooms 0 Window Features Bay Window(S)

Property Features

Cap Rate 4.63 Number Of Units Vacant 9 Property Sub Type 5 Or More Units Separate Meters ElectricityGas Special Listing Conditions None Subtype Description ApartmentsGarden Apartments Unit Type Commercial Units Total 0 Unit Type Studio Units Total 0 Unit Type1 Bedroom Units Total 7 Unit Type2 Bedroom Units Total 7 Unit Type3 Bedroom Units Total 0 Unit Type4 Bedroom Units Total 0 Unit1 Rent 2064 Unit1 Type Apartment Unit2 Rent 3825 Unit2 Rent1 0 Unit2 Type Apartment Unit4 Rent 0

Listing provided courtesy of Brian Leung of Compass Commercial.


© 2021 San Francisco Association of REALTORS® Multiple Listing Service. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kulda Real Estate Group | Keller Williams Realty. Data last updated 2021-10-16T00:22:31.303.
 
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