Investment Overview

Formally known as the Sylvia Apartments, 1512 California Street is a 7-unit property situated on one of San Francisco's most iconic streets in Nob Hill. Built in 1914, this wood-frame building presents an excellent opportunity for value-add improvements, offering significant potential for both investors and owner-users. The building consists of five 2-bedroom, 1-bath units, along with two remodeled 2-bedroom, 2-bath units that feature in-unit laundry. The top-floor owner's unit, along with a large one-car garage, will be delivered vacant upon the close of escrow, providing immediate flexibility for personal use or rental income. This property is not currently on the mandatory seismic retrofit list and is equipped with an upgraded fire alarm system. The remodeled top-floor units include electrical subpanels, in-unit laundry, dishwashers, skylights, and a second bathroom for added comfort. The remaining units retain classic period details, maintaining the building’s historic charm while offering ample opportunities for modernization. With significant rental upside in a prime location near landmarks like Grace Cathedral, the Fairmont Hotel, and the Mark Hopkins, this property offers unparalleled access to the best that Nob Hill has to offer. Just steps from the Polk Street retail corridor and minutes from downtown and the Financial District, 1512 California Street is ideally located as more employees head back into the office. It is also well-served by various public transit options, including Muni bus lines, cable car routes, and nearby BART stations, ensuring tenants easy access to all parts of the city. This is a great opportunity to acquire a well-located property with immense potential for future growth and returns.