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Listed by Gino V Franco Marcus & Millichap
$ 5,500,000
Est. payment | /mo
12 Beds
10,254 SqFt
$ 5,500,000
Est. payment | /mo
12 Beds
10,254 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 10,254 sqft
Price per Sqft $536
MLS Listing ID 426116863
Bedrooms 12
HOA Y/N No
Year Built 1922
Lot Size 4,120 Sqft
Acres 0.0946
Property Sub-Type Multi Family
New Construction No
Property Description
1430 Clay Street, is a well-located apartment building in San Francisco's prestigious Nob Hill neighborhood. Positioned between Hyde and Leavenworth Streets, the property sits in one of the city's most desirable and historically significant enclaves, just moments from Grace Cathedral, Huntington Park, and the Masonic Auditorium. The surrounding neighborhood offers immediate access to the vibrant Polk Street corridor, known for its diverse dining, retail, and nightlife options. Residents also benefit from close proximity to North Beach, Chinatown, and Downtown, all within a short walk or commute. Public transportation is readily available along several nearby corridors, providing convenient connectivity throughout the city. The building consists of twelve (12) one-bedroom, one-bathroom apartments. Units are thoughtfully laid out and feature classic San Francisco charm, including hardwood flooring, sunrooms, walk-in closets, and updated dual- pane windows. The property is separately metered for gas and electricity, offering operational efficiency for ownership. Additional amenities include a garage with parking for two (2) cars and one (1) motorcycle, as well as on-site coin-operated laundry facilities for tenant convenience. The property has also undergone several significant capital improvements, including the removal of the underground storage tank, completion of soft- story seismic compliance, and foundation upgrades. In addition, the building is currently in the process of obtaining Fire Horn approval, further enhancing its safety profile and long-term structural integrity. 1430 Clay Street presents a compelling investment opportunity with stable in- place income and future upside potential. There is also the possibility to add additional units through the development of accessory dwelling units (ADUs), subject to buyer verification, further enhancing long-term value in this prime Nob Hill location.
Location
State CA
County San Francisco
Area Sf District 8
Interior
Fireplace No
Building
Lot Description None
New Construction No
Others
Tax ID 0216008
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