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MULTIFAMILY NEWS
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Older Res Property in San Francisco’s Mission District Sells for $300k/Unit

5/08/17

A 28-unit multifamily property in San Francisco’s Mission District sold for $8.5 mil ($304k/unit). The property, located at 901 Valencia St, just west of US Hwy 101 and the San Francisco Bay, includes ground-floor retail space.

The building, originally constructed in 1908, is surrounded by a host of restaurants, bars and cafés. It consists of 68 rooms over four floors and totaling roughly 18k sf of space.

The property was sold by a family entity that had owned it for over 30 years and was looking to execute a 1031 exchange. They were repped by Joby Tapia of NAI.





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