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1437 Mason St 2 Unit Apartment Building $1,903,753 CAD ($951,877 CAD/Unit) San Francisco, CA 94133
Investment Highlights
- Building permits have been issued, allowing a developer to bypass much of the entitlement risk and lengthy San Francisco planning timeline.
- The scope allows a buyer to transform a dated structure into a modern luxury residential property with strong resale or rental potential.
- Russian Hill rarely sees redevelopment opportunities with approved plans, creating a compelling opportunity for investors and developers.
- The property sits in one of the city’s most sought-after neighborhoods, within walking distance to North Beach, Polk Street, and the waterfront.
- Engineering plans include foundation upgrades and structural modernization, reducing unknowns during construction.
- This project is ideal for a developer seeking to create high-quality residential product in a premier San Francisco neighborhood.
Executive Summary
Located in the heart of Russian Hill, one of San Francisco's most desirable and supply-constrained residential neighborhoods, 1437 Mason Street presents a rare opportunity to acquire a fully permitted renovation project with significant upside. The property consists of a two-unit residential building originally constructed in 1907, situated on a 2,750 square foot lot in the RM-2 zoning district. The project has already secured approvals and permits through the San Francisco Department of Building Inspection, allowing a buyer to immediately move forward with construction and reposition the asset into a modern, high-end residential property. The approved plans call for a comprehensive redevelopment of the existing structure while maintaining the building envelope. The project includes: Complete interior reconfiguration of both residential units, New structural foundation and seismic improvements, Conversion of basement space into functional living area, Removal and replacement of existing stair systems, Full facade upgrades and exterior improvements, New roof deck elements and modernized architectural features. Upon completion, the project will deliver two redesigned residential units with modern layouts, updated systems, and enhanced outdoor space. Permits in hand for the follow unit mix: One (3) bed (3) bath - UPSTAIRS One (1) bed (1.5) bath - DOWNSTAIRS
Property Facts
| Price | $1,903,753 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $951,877 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Sale Condition | Redevelopment Project | Building Size | 1,794 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1907 |
| Property Subtype | Apartment | ||
| Zoning | RM2 - RM-2 | ||
| Price | $1,903,753 CAD |
| Price Per Unit | $951,877 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 1,794 SF |
| No. Stories | 2 |
| Year Built | 1907 |
| Zoning | RM2 - RM-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 1 | $1.37 CAD | - |
| 1+1.5 | 1 | $1.37 CAD | - |
Exceptionally walkable
100/100
Very drivable
80/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0158-005 | Improvements Assessment | $109,428 CAD |
| Land Assessment | $186,339 CAD | Total Assessment | $295,767 CAD |
Property Taxes
Parcel Number
0158-005
Land Assessment
$186,339 CAD
Improvements Assessment
$109,428 CAD
Total Assessment
$295,767 CAD
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