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952 Sutter Street

952 Sutter Street

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The Steinhart Apartments

The Steinhart is one of the very few intimate apartment buildings that artfully exemplify the essence of the San Francisco residential living.

History

The building was constructed in 1910 by Ignatz Steinhart (1836-1917), banker, entrepreneur, benefactor of the city's Steinhart Aquarium in Golden Gate Park, and resident of the Steinhart from 1910 to 1917. Today, The Steinhart retains its historic turn-of-the-century character while offering modern conveniences. The building is listed on the National Register of Historic Places.

Highlights

  • Excellent Nob Hill location within walking distance to numerous amenities
  • 47 of the 57 units could be delivered vacant at close, allowing a new owner to  capitalize on the continued strength of the San Francisco apartment market
  • 15 recently renovated 1 bedroom apartments by leading San Francisco  designer, Jonathan Rachman
  • Potential to add bedrooms to some of the units as well as to possibly add more  units
  • Each apartment comes fully furnished and the units have full size kitchens and a  private bathroom
  • A new owner could operate the property as traditional apartments or all or a  portion of the vacant units as furnished rentals as all Furniture, Fixtures and  Equipment is already in-place in the units providing additional operational  flexibility
  • All of the units are separately metered for electricity, with the new owner also having the option to significantly reduce all utility expenses by implementing a RUBS system
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Property Specifics

Status: Sold
List: $27,000,000
San Francisco