your dream investment property

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SALE PENDING

19 Units on Lower Nob Hill

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$3,350,000

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Video Tour

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BUILDING FEATURES

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Aesthetic beauty, location, property condition, effective management, amenities and, of course, overall value, are the critical factors that drive most every Apartment Building investment decision.  

 

And the beautifully renovated and well managed 19 unit Edwardian era Building at 985 Pine Street shines in every one of those categories. It delights tenants with its charming architectural detail, its clean and functional interior, and its direct access to work and play. The building is just two blocks from many of San Francisco’s finest hotels and best known Nob Hill landmarks, and just five blocks from Union Square, and the Financial District. And with a GRM of under 10, and a $/SqFt value under $475, it represents one of the best investment values in San Francisco. 

 

A summary of highlights includes:

  • $3,350,000 list price
  • $356,743  Gross Income (per seller)
  • CAP Rate: 7.0%
  • 9.4 Gross Rent Multiple
  • $463 per Square Foot
  • 7,232 Square Feet (per tax records)
  • 19 Units consisting of 2 one bedroom units, 13 Studios, and 4 guest room/efficiency units
  • Pride of Ownership Edwardian Era residential building on Lower Nob Hill built in 1911. Spectacular architectural detail.
  • Original built-in cabinetry and hardwood floors.
  • Experienced on-site management.
  • Coin-operated washer and dryer (also accepts payment through smartphone app).
  • Storage room in basement.
  • Two blocks from the famed landmarks of Nob Hill: Grace Cathedral, The Fairmont Hotel, the Pacific Union Club, the Huntington Hotel and the Mark Hopkins Hotel. 
  • In the immediate vicinity of cafes, bars, and restaurants in and around Nob Hill.
  • Just one block away from both the historic California Street and Powell Street Cable Car lines.
  • Near SFMuni bus lines with direct access to the Financial District and Downtown.

 

FLOOR PLANS

OFFERING MEMORANDUM

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get in touch

Schedule

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Showings by Appointment:
Please allow 36-48 hours notice if possible.
Contact Steven Mavromihalis
(415) 999-1113
[email protected]

Steven Mavromihalis

Compass

DRE# 00888824

1.415.999.1113 mobile

www.teammavromihalis.com

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All property photos

985 PINE STREET

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Image 1 | 985 PINE STREET presented by Steven Mavromihalis
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Neighborhood Gallery

985 PINE STREET

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Exclusive and elegant, Nob Hill is home to some of the grandest mansions and most historic hotels one can find in San Francisco. Nob Hill is part of an enclave made accessible in the 1870s by the addition of cable cars climbing up California Street through the heart of the neighborhood. The area is considered the center of old San Francisco, where even today descendants of some of the original founding families of San Francisco keep continued memberships at renowned private clubs, including the infamous Bohemian Club.
 
All but destroyed in the fire of 1906, Nob Hill homes remain the most prestigious of San Francisco addresses. Old money is on display here, making itself seen through the extravagantly adorned buildings that line every street.Huntington Park is certainly the heart of Nob Hill. Home to the iconic 10-foot Fountain of Tortoises, families enjoy congregating on its shady expanses to take in a bit of respite following the hike up the hill. There is also a children's playground which is second to none.
 
The spiritual center of the community is found in the impressive stone architecture of Grace Cathedral. A Liberal bastion, the Cathedral administers an array of social justice programs, and brings inspiration through the many musical concerts it hosts throughout the year. Also on the grounds is an outdoor meditation labyrinth. Here visitors traverse the garden in silence as part of a meditative reflection on their own lives and the lives of others.
 
The neighborhood of Nob Hill remains a very walkable area despite its many steep avenues. It remains an urban oasis for residents while never being too far from the action of downtown. Perfectly situated it remains bounded by the excitement of Chinatown, the thrilling nightlife of Polk Street, and the upscale shopping of Union Square. Nob Hill is a walking commute from downtown and the financial district. And for those not interested in walking at the end of the day, MUNI provides monthly cable car passes. Now that's traveling in style!

Image 1 | 985 PINE STREET presented by Steven Mavromihalis
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