1620 Jones St, San Francisco, CA 94109

Property Description

1620 Jones is an apartment building ideally located at the intersection of Nob Hill and Russian Hill, placing it in one of San Francisco's most desirable and established rental pockets. Situated between North Beach, Chinatown, and the Polk Street corridor, the property benefits from a highly walkable, central location with convenient access to neighborhood amenities, major employment centers, and multiple public transportation options. Its proximity to the Financial District continues to attract tenants seeking both convenience and neighborhood character. The property consists of eight units, evenly split between four two-bedroom and four three-bedroom apartments. These larger unit types remain in limited supply across the city and consistently command strong rental interest. Six of the eight units will be delivered vacant, providing a new owner with the opportunity to lease the majority of the building at market rents and significantly enhance the income profile. Select upper rear units feature views of the Financial District skyline and Bay Bridge, offering additional rental appeal. The combination of larger floor plans and a central location positions the property to capture demand from tenants prioritizing space without compromising accessibility. Owned by the same family for over 60 years, the property has been maintained with ongoing capital improvements. Notable upgrades include a newer roof, multiple renovated units, and a completed seismic retrofit in 2018, providing a stable foundation for future ownership with limited near-term capital requirements. 1620 Jones presents an opportunity to acquire a well-located asset with large units and significant vacancy in a supply-constrained market. The ability to lease up six units in a premier rental corridor offers a clear path to income growth - an opportunity that merits a second look given how rarely assets of this scale and positioning become available.