Description

1062 Sutter Street presents a well-located fifteen (15) unit multifamily investment opportunity in San Francisco's Lower Nob Hill neighborhood. Ideally situated just steps from Polk Street, Union Square, and the Financial District, the property benefits from exceptional walkability, immediate access to public transportation, and proximity to a wide array of dining, retail, and employment hubs, supporting strong and consistent rental demand. Constructed in 1922, the building spans approximately 8,888 square feet and features a unit mix of twelve (12) studios, two (2) one-bedroom / one-bathroom unit, and one (1) three-bedroom / two-bathroom unit. Units offer functional layouts with classic San Francisco charm, including hardwood flooring, large windows allowing for abundant natural light, and period details throughout. Select units have been updated with modern kitchens featuring granite countertops, wood cabinetry, stainless steel appliances, and refreshed bathrooms with contemporary finishes. The property is separately metered for gas and electricity and has completed compliance with the San Francisco Fire Alarm Sleeping Room Ordinance. Additional building features include a secure entry system, on-site laundry, and both front and rear fire escapes, contributing to operational efficiency and tenant convenience. With a significant portion of the current rent roll below market, 1062 Sutter Street offers investors a compelling value-add opportunity through strategic rent increases and continued unit upgrades. The property combines stable in-place income with meaningful upside potential in one of San Francisco's most central and transit-oriented locations, making it an attractive acquisition for both long-term investors and those seeking a repositioning opportunity.