1067-1071 Union Street
Multifamily | 5 Units | $500,000/unit
Marketing description
1067-1071 Union sits at the upper crest of Russian Hill, one block from the Hyde Street cable car. Two buildings on a single lot with frontage on both Union Street and Macondray Lane: five full-floor flats over a three-car garage. Three units carry Union Street addresses (1067, 1069, 1071); two units are addressed directly on Macondray Lane (128 and 130), the pedestrian, half block street that has anchored this part of Russian Hill since the 1880s.
Each flat is a full-floor 5-room floor plan averaging 1,215 square feet*. The units run meaningfully larger than the typical San Francisco two-bedroom and can be configured as a 2 or 3-bedroom layout. Built in 1908, wood-frame construction with hardwood floors and original period detail throughout. In-place rents sit materially below market, with generous upside in the rental income available through turnover.
1067-1071 Union is available individually, and with 1159-1169 Union as a two-property portfolio.
Investment highlights
- 5 residential units plus 3-car garage
- Built 1908, wood-frame
- 6,075 total building SF / 1,215 SF avg per unit
- Lot Size: 0.07 acres (~3,049 SF)
- Unit Mix: (5) full-floor 5-room flats, configurable as 2BR or 3BR
- Soft-story seismic retrofit completed 2017
- Flat roofs overhauled 2016
- Separately metered for gas and electric
- Individual tenant-paid hot water heaters
- In-unit laundry hookups in all five flats
- One block to the Hyde Street cable car
- Two units front directly on Macondray Lane
- Bay views from upper-floor units
- Walking distance to Polk Street corridor, North Beach, and the waterfront
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