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Executive Summary

1499 California is a four-story, mixed-use, corner apartment building located
in Nob Hill, known for its city landmarks and fabulous hotels. This property is
conveniently located just seconds away from Trader Joe’s and Whole Foods, a
few blocks away from Polk Street, Swan Oyster Depot, Bob’s Donuts, and the
Huntington Garden.
Nob Hill is within comfortable walking distance to the iconic San Francisco
landmarks; Grace Cathedral, Huntington Park & the SF Masonic Auditorium. Due
to it’s central location, transportation options are plentiful on Mason, Powell, Clay,
Sacramento and California Street. The unit mix in the building consists of eighty-four
(84) SROs, four (4) ADUs, and one (1) commercial unit. The units feature
hardwood floors, large windows, upgraded appliances, and many private baths.
This modern and recently upgraded property features a big and spacious lobby/
lounge area, on-site laundry, an elevator, and historic details throughout. 1499
California Street offers investors an opportunity to acquire a high-yield income on
a well-maintained building in a prime Nob Hill location.

Property Facts

Price $16,469,599 CAD
Price Per Unit $185,052 CAD
Sale Type Investment
Cap Rate 7.35%
Gross Rent Multiplier 8.62
No. Units 89
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.14 AC
Building Size 21,359 SF
No. Stories 4
Year Built 1907
Zoning POLK

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Freezer

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
0250-016
Land Assessment
$3,695,830 CAD
Improvements Assessment
$5,543,751 CAD
Total Assessment
$12,196,400 CAD
  • Listing ID: 31978010

  • Date on Market: 2024-05-31

  • Last Updated:

  • Address: 1499 California St, San Francisco, CA 94109

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