1650 Clay Street
With approximately 42% rental upside based on market projections, 1650 Clay Street presents a compelling value-add opportunity. The owners have meticulously maintained the property since their purchase in 1994.
Ideally positioned near Polk Street and Van Ness Avenue, the asset provides convenient access to neighborhood amenities, Downtown, and major transit corridors – offering investors stable in-place income with meaningful long-term upside.
Property Description
1650 Clay Street presents the opportunity to acquire a well-maintained 14-unit multifamily property in the heart of Nob Hill, one of San Francisco’s most established and consistently desirable rental neighborhoods. Built in 1912, the property consists of eight (8) studios and six (6) one-bedroom, one-bath units totaling approximately 8,975 square feet on a 4,146 square foot lot. The building blends classic San Francisco character with practical, efficient layouts. Units feature hardwood flooring, ample natural light, bay windows, and kitchens equipped with gas stoves, granite countertops, dishwashers, and wood cabinetry. The property also offers a shared backyard, common area laundry, storage, and a secure Swiftlane entry system.
Key Property Information
| Listing Status: | Sold |
|---|---|
| Sold Date: | 01-05-2026 |
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $4,080,000 |
| No. of Units: | 14 |
| Cap Rate: | 94105% |
| Year Built: | 1912 |
| Building Size: | 4,146 Sq ft |
| Lot Size: | 8,975.00 Acres |
| Opportunity Zone: | No |
| Price per unit: | $300,000 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Dustin Dolby | 4152887869 | [email protected] |
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