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San Francisco Apartment Tower Trades in $40 Mil Deal

4/21/25

A partnership between Presidio Bay Ventures and Artemis Real Estate Partners closed on the purchase of Olume Apartments, a 121-unit multifamily asset in just outside San Francisco’s Civic Center area. The 12-story property traded for $39.75 mil, or $328k/unit.

Constructed in 2016, Olume Apartments is located at 1401 Mission St, just east of Van Ness Ave and just south of Market St. It was 95% occupied at time of sale. Amenities include a fully equipped fitness center, panoramic rooftop terraces, pet-friendly spaces, and convenient EV charging stations. The apartments feature modern finishes, spacious layouts, and stunning city views.

The property has earned the following distinctions: ENERGY STAR® & LEED Silver Building, Design + Construction Certified. The Main Post, a Presidio Bay entity, will handle management duties of the property for the new ownership.




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