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32839569
32839567

1159-1169 Union Street, San Francisco, CA 94109

PB
CA CA01873218
Marcus & Millichap - San Francisco
SR
CA CA 01977683
Marcus & Millichap - San Francisco
JT
CA 02206535
CT
CA 01318639
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco
$3,800,000
22 days on market
Updated 12 days ago

1159-1169 Union Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,123
Units 6
Cap Rate 4.13%
NOI $156,914
Occupancy 100%
Tenancy Multi
Price per SqFt $416
Year Built 1925
Year Renovated 2000
Acreage 0.130
Parking Spaces 6 spaces
Parking Per SqFt 0.66
Investment Type Stabilized

Multifamily | 4.13% CAP | 6 Units

Marketing description

1159-1169 Union is a six-unit Russian Hill building with Golden Gate Bridge views from its upper floors, located one-half block from the famous Hyde Street Cable Car line (and Swenson's). Two flats per floor across three residential levels, over a six-car garage with rear access from Warner Place. Each unit features hardwood floors, original detailing, and a 2 or 3-bedroom layout. The formal dining room in each flat can be converted into a third bedroom. Units 1159 and 1169 include an additional dedicated room suited to a home office.

All six flats carry views to the south. The four units on the second and third floors are dual-aspect, with direct sightlines to the Bay from the front, and Downtown from the rear. The ground floor houses a tenant laundry room, private tenant storage, and the six-car garage. A common rear deck serves all six units.

Each unit averages 1,521 square feet, exceptional scale for a San Francisco flat. In-place rents sit below current market, with generous upside available to an owner in the future through turnover.

1159-1169 Union is available individually, and with 1067-1071 Union as a two-property portfolio.

Investment highlights

  • 6 residential units (two flats per floor across three residential levels)
  • 6-car garage with rear access from Warner Place
  • Built 1925, wood-frame
  • 9,123 total building SF / 1,521 SF avg per unit*
  • Lot Size: 0.13 acres (~5,663 SF)
  • Unit Mix: (6) full-floor flats configurable as 2BR or 3BR
  • Soft-story seismic retrofit completed 2017
  • Roof: 2000
  • Separately metered for gas and electric
  • Ground-floor tenant laundry room and private storage
  • Common rear deck
  • Boiler provides heat throughout
  • Six residential rents, currently below market
  • Garage portion leased to local contractor at $700/month
  • Total parking income: $13,800/year

Listing Contacts

PB
CA CA01873218
Marcus & Millichap - San Francisco
SR
CA CA 01977683
Marcus & Millichap - San Francisco
JT
CA 02206535
CT
CA 01318639
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$156,914.00
$13,076.17/mo

Valuation Metrics

0
DSCR
4.13%
Cap Rate
4.13%
ROI

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Additional Information

Name
Tony Solomon
License
CA 1238010
Title
Broker of Record
Name
Philip Batlin
License
CA01873218
Name
Sam Runco
License
CA 01977683
Name
Jordan Tong
License
02206535
Brokerage
Marcus and Millichap
Brokerage Phone
4156252191
Title
Agent Candidate
Brokerage Address
750 Battery Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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