Multifamily Vacant-User
1055 Pine St
1055 Pine St, San Francisco, CA 94109
Listing Price: $20,000,000
Investment Overview
The property at 1055 Pine Street is a historic multi-family apartment building located in the vibrant Lower Nob Hill neighborhood of San Francisco. Initially constructed in 1910, it spans 5 stories and approximately 36,213 square feet. The building features 80 units, primarily studios and one-bedrooms. It includes 24 bathrooms and is zoned RM-4 (Residential Mixed, High Density), allowing for high-density residential use with potential for mixed commercial elements on the ground floor.
1055 Pine St
Investment Highlights
- Vacancy and Rents: Citywide vacancies have fallen to ~4.5%, with Nob Hill rents up 5-7% YoY. Median rent across unit types is $3,047, but Nob Hill skews higher at $3,500-$4,375 for studios/1-beds
- Value-Add: The vacant 1055 Pine St building offers a prime value-add opportunity, ripe for repositioning through modern renovations to capture premium Nob Hill rents and maximize returns.
- Well Below Replacement Cost: Acquiring 1055 Pine St below replacement cost offers a strategic advantage, with limited new construction in Nob Hill to compete, ensuring strong demand and limited supply
Exclusively Listed By
Investment Highlights
- Vacancy and Rents: Citywide vacancies have fallen to ~4.5%, with Nob Hill rents up 5-7% YoY. Median rent across unit types is $3,047, but Nob Hill skews higher at $3,500-$4,375 for studios/1-beds
- Value-Add: The vacant 1055 Pine St building offers a prime value-add opportunity, ripe for repositioning through modern renovations to capture premium Nob Hill rents and maximize returns.
- Well Below Replacement Cost: Acquiring 1055 Pine St below replacement cost offers a strategic advantage, with limited new construction in Nob Hill to compete, ensuring strong demand and limited supply
Investment Overview
The property at 1055 Pine Street is a historic multi-family apartment building located in the vibrant Lower Nob Hill neighborhood of San Francisco. Initially constructed in 1910, it spans 5 stories and approximately 36,213 square feet. The building features 80 units, primarily studios and one-bedrooms. It includes 24 bathrooms and is zoned RM-4 (Residential Mixed, High Density), allowing for high-density residential use with potential for mixed commercial elements on the ground floor.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
