440 Union Street
1440 Union Street presents a rare opportunity to acquire a 21-unit apartment
building in the heart of Russian Hill, situated just a half block from the shops
and restaurants along Polk Street. The property offers a well-balanced unit mix
of 11 one-bedrooms, 4 two-bedrooms, and 6 studios, with select residences enjoying Golden Gate Bridge and Bay views. Tenants share access to a common roof deck, and the building has recently benefited from exterior paint and deck repairs. Parking is plentiful, with 21 garage spaces serving the property, five of which are currently vacant. Three units will also be delivered vacant at close of escrow, giving a new owner the immediate ability to capitalize on a very strong rental market. Combining scale, location, and significant upside, 1440 Union Street represents a rare opportunity in one of San Francisco’s most sought-after rental locations.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $8,700,000 |
| No. of Units: | 21 |
| Cap Rate: | 5% |
| GRM /GIM: | 12.2 |
| Building Size: | 13,953 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $414,286 |
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