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$8,000,000 | 24 UNITS | ALAMO SQUARE


830 Hayes Street




Cap Rate




Price per Square Feet

The Castle Court Apartments is a 24 unit apartment building in San Francisco’s Alamo Square neighborhood. This trophy asset is located just two blocks from the world famous Painted Ladies and Alamo Square Park. Several blocks in the other direction is the heart of Hayes Valley’s retail corridor, lined with trendy shops, restaurants, and nightlife. It is also near the hip Divisadero corridor, Van Ness Ave, and Civic Center, making it an ideal location for tenants who want to live within walking distance to neighborhood amenities and transportation.

830 Hayes Street is a classic San Francisco apartment building. Constructed in 1927, the building entry is through a courtyard lined with greenery into an ornate lobby. The unit mix is 15 one-bedroom, 2 junior one-bedroom, and 7 studios. The apartments have high-ceilings, hardwood floors, built-in cabinets, and receive an abundance of natural light. Many of the units have great views of the San Francisco skyline. The 12 corner one-bedrooms apartments are highly desirable, boasting oversized rooms, great light, and amazing views from the upper floors. The studios are spacious and offer the potential to be converted into one-bedroom or junior one-bedroom. There is one large garage that has parking for 14 cars and two individual garages that will each fit 1 vehicle. Portions of the garage and large storage area at the rear of the property may offer ADU potential. Off of the lobby is an office that is used by the resident manager
that may have potential to be converted into an apartment. There are two coin operated washers and dryers for the tenant’s convenience. The seismic soft-story retrofit was completed in 2020.

This is an excellent opportunity for an investor to add a trophy asset to their portfolio. The property offers solid in-place income and upside potential upon turnover and renovation. These exceptional units and location will always be in high demand.

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