Pacific Heights Apartment Building
2101 California Street
San Francisco, CA 94115
Year Built: 1923
Interior: 5,911 sq. ft. (approx.)
Web #: 00810698
MLS ID: 980144
Perched atop the southwest corner of California and Laguna St., this majestic building with postcard views offers a significant add value opportunity for investors. The subject property has been family owned for the past thirty plus years. Currently four units are owner occupied along with all garages on the east side of the building, a single garage on the California St. side, the majority of storage spaces, and a recreation room. Three of the four owner occupied units comprise the entire top floor of the building. All owner occupied spaces will be vacated creating many options for a new owner to add significant value, ADU’s, and square footage to the property.
Per city records, the property was built in 1923 and is a wood frame building with a concrete foundation. The property is soft story compliant and the retrofit was completed in 2016. The unit mix consist of two studios (three rooms), one, one bedroom (three rooms), six, two bedroom (four rooms), five, three bedrooms with one and one-quarter baths (five rooms), and one, four bedroom, two baths (seven rooms), five single garages, one tandem garage, a coin-operated laundry, storage, and a large recreation room. Each unit is separately metered for gas and electric and the heat is provided by a steam boiler.
The subject property is located on the southwest corner of California and Laguna Streets in the Pacific Heights neighborhood of San Francisco. In 2013, Pacific Heights was named the most expensive neighborhood in the United States. In 2017, Curbed SF again announced the "occasionally chic, and always elite Pacific Heights" as San Francisco's most expensive neighborhood. Later in the year, Business Insider gave a preview inside San Francisco's most exclusive neighborhood, where old money rubs elbows with tech billionaires. The neighborhood boasts expansive views in all directions and features many parks including the Presidio, Lafayette, and Alta Plaza. The subject property is conveniently located to neighborhood shopping, nightlife, public transportation, and the downtown corridor.
Please contact listing agent for a full Offering Memorandum. Co-listed with Jay Greenberg/Compass.