Listed by Marcus & Millichap - Palo Alto, Marcus & Millichap - San Francisco
$20,000,000
1055-1069 Pine St
Details
APN 0275-009
Property Type Multifamily
Sub Type Apartment Building
Square Footage 36,213
Units 80
Year Built 1910
Stories 5
Acreage 0.470
Zoning RM-4 (Residential Mixed, High Density)
Investment Type Value Add
Multifamily | 80 Units
Marketing description
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, historically used as affordable
student housing affiliated with the Academy of Art
University (AAU). 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.
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—ideal For Student Or Young Professional Tenants.
- 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. 1069 Pine Offers Additional Lot Space For Redevelopment Or Additional Commercial Use To Complement Its Larger Adjacent Building.
- 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.
Listing Contacts
Listed by Marcus & Millichap - Palo Alto, Marcus & Millichap - San Francisco
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Zoning
RM-4-65-A ResidentialMulti FamilyResidential Mixed High Density
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View all 48 uses
View all 48 uses Last updated Jun 10, 2026 For deeper zoning details, reports are available at Zoneomics
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