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1418 Leavenworth Street

I am pleased to share the closing of 1418 Leavenworth Street in Nob Hill. The property had been in the same family for more than 50 years, serving not only as an investment but also as a home to numerous relatives over the decades. When it came to market, they were able to offer six vacant two-bedroom apartments.

Not long ago, a building with this much vacancy would have been viewed as a major challenge. Financing was harder to secure, there was no income in place, and the cost of remodeling weighed heavily on buyers. What a difference a year makes. We received eight competing offers and closed the sale at $600,000 over the asking price.

I’m grateful to have helped this family achieve such a strong outcome after so many years of ownership. It’s also a clear sign of San Francisco’s apartment market gaining strength as the city continues its recovery.