985 Pine Street, San Francisco
San Francisco Home For Sale
Aesthetic beauty, location, property condition, effective management, amenities and, of course, overall value, are the critical factors that drive most every Apartment Building investment decision. And the beautifully renovated and well managed 19-unit (consisting of two 1 Bedroom units, 13 Studios, and four Guest Room/Efficiency Units) Edwardian era Building at 985 Pine Street shines in every one of those categories. It delights tenants with its charming architectural detail, its clean and functional interior, and its direct access to work and play. The building is just two blocks from many of San Francisco's finest hotels and best-known Nob Hill landmarks, and just five blocks from Union Square, and the Financial District. And with a GRM of under 12, and a $/Sq. Ft. value under $500, it represents one of the best investment values in San Francisco. $356,743 Gross Income (per seller). CAP Rate: 7.0%. 9.4 GRM. $463/Sq. Ft.
Property Details
Essential Information
-
- MLS® #:
- 423900277
-
- Price:
- $3,350,000
-
- Bedrooms:
- 2
-
- Bathrooms:
- 0.00
-
- Square Footage:
- 7,232
-
- Acres:
- 0.06
-
- Year Built:
- 1911
-
- Type:
- Residential Income
-
- Sub-Type:
- Multi Family
-
- Status:
- Active
Community Information
-
- Address:
- 985 Pine Street
-
- Area:
- SF District 8
-
- Subdivision:
- Downtown
-
- City:
- San Francisco
-
- County:
- San Francisco
-
- State:
- CA
-
- Zip Code:
- 94108-2971
Exterior
-
- Lot Description:
- Sidewalk, None
Additional Information
-
- Date Listed:
- August 25th, 2023
Price Change History for 985 Pine Street, San Francisco, CA (MLS® #423900277)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced | $3,350,000 | $250,000 (6.94%) | |
| Price Reduced (from $3,950,000) | $3,600,000 | $350,000 (8.86%) |
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Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. Information being provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.