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4/22/20
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A “marina style,” 15-unit apartment building consisting of all studios in the heart of San Francisco’s Noe Valley District sold for $6.965 mil ($464.3k/unit). The property is located at 99 Jersey St, just west of Dolores St.
Known for its well-preserved features and quality finishes, the 8.5k sf property offers residents substantial space, a generous amount of natural light as well as a seven-car garage. Located at the corner of Jersey and Church St, the building is also mere blocks away from an array of neighborhood stores, dining, entertainment, schools and transit systems, including Silicon Valley “Tech Shuttles.”
Brad Lagomarsino and James Devincenti with Colliers International represented both parties in the transaction.
“It is rare to find an asset that possesses not only unit conversion potential but accessory dwelling unit (ADU) opportunities at grade level,” said Lagomarsino. “Between this and the fact the building has been immaculately maintained, we were not surprised the seller received multiple offers and the property traded over the asking price.”
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