Russian Hill Six-Unit
1159-1169 Union Street San Francisco, CA 94109
1159-1169 Union Street, San Francisco, CA, 94109
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For Sale
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Six-unit building in Russian Hill with Golden Gate views.
Property Size9,123 SF
Price / SF$416.53
Days on Market57
Property Features for 1159-1169 Union Street
General Information
- Standard status
- Active
- Size
- 9,123 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1925
Listing Agency
Marcus & Millichap - San Francisco
(415) 625-2159
Listed by
Philip Batlin · License #CA01873218
Source
Crexi
Added: May 22 Checked: Jul 16 at 3:13 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - San Francisco
Investment Insights
Based on property information with market context.
The property at 1159-1169 Union Street is a six-unit building located in Russian Hill, one-half block from the Hyde Street Cable Car line. Upper floors offer views of the Golden Gate Bridge. The building features two flats per floor across three residential levels, situated above a six-car garage with rear access from Warner Place. Each unit includes hardwood floors, original detailing, and a layout with two or three bedrooms. The formal dining room in each flat can be converted into a third bedroom. Units 1159 and 1169 have an additional dedicated room suitable for a home office. All six flats have southern views. The four units on the second and third floors are dual-aspect, providing direct views of the Bay from the front and Downtown from the rear. The ground floor includes a tenant laundry room, private tenant storage, and the six-car garage. A common rear deck is available for all six units. Each unit averages 1,521 square feet. In-place rents are below current market rates, offering potential upside through turnover. The property is available individually, and with 1067-1071 Union as a two-property portfolio.
Key Highlights
- Golden Gate Bridge views from upper floors.
- Located one‑half block from Hyde Street Cable Car line.
- Each unit averages 1,521 square feet.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $528.8k | $57.96 |
| − Vacancy | −$33.3k | −$3.65 |
| EGI | $495.5k | $54.31 |
| − OpEx | −$223.0k | −$24.44 |
| NOI | $272.5k | $29.87 |
9,123 SF · lease $57.96/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.89M
$3.41M – $4.54M
NOI $272,501 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$41.59M
$36.39M – $48.52M
NOI $2,911,391 @ 7.0% cap · market cap 76.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit building in Russian Hill with Golden Gate views.
Where is this apartment building located?
The property is located at 1159-1169 Union Street San Francisco, CA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Golden Gate Bridge views from upper floors.; Located one‑half block from Hyde Street Cable Car line.; Each unit averages 1,521 square feet.
