1280 Pine St, San Francisco, CA 94109

Property Description

Constructed in 1927, 1280 Pine is a 25-unit apartment building in historic Nob Hill. This six-story concrete and steel structure rises above its neighbors, allowing for excellent natural light throughout. The 18 studio units all face west, with most offering city views. The six one-bedrooms, located at the front of the building, are spacious, south-facing units, many with great views as well. The mezzanine apartment is a large one-bedroom currently occupied by the Resident Manager. The units feature high ceilings, hardwood floors, and period charm. Most apartments have received recent updates, with 80% turnover since 2020. The property is separately metered for gas and electricity, and the building includes an elevator for convenience. Heat is supplied via a steam boiler. This location provides tenants with easy access to neighborhood amenities, including Trader Joe's, Whole Foods, St. Francis Hospital, Grace Cathedral, the Masonic Auditorium, and the Van Ness corridor. Priced to sell at a 9.9 GRM and 5.9% cap rate