$5,900,000 | 25 UNITS | Nob Hill
Just Listed
1280 Pine Street
25
Units
9.9
GRM
5.6%
Cap Rate
16,680
Square Feet
Located in the desirable Nob Hill neighborhood, 1280 Pine Street is an 25-unit apartment building that combines solid design with strong investment potential. Nestled nearby Polk Street and within walking distance of Downtown, most units offer impressive views of San Francisco's skyline.
The building features 6 one-bedroom, 18 studio, and 1 mezzanine unit, all with a clean, midcentury modern design. All apartments enjoy ample natural light and hardwood floors. Each unit is separately metered for gas and electricity, with heat supplied via gas wall heaters, thus keeping operating expenses low.
The property's prime Nob Hill location allows for prime walkability, making it highly attractive to tenants. Additionally, the seller has completed the mandatory soft-story seismic retrofit.
With its excellent location, strong unit mix, and completed upgrades, 1280 Pine Street is a solid opportunity for any investor seeking a well-maintained, income-generating property in a sought-after area of San Francisco.