1159-1169 Union Street
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
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