SAN FRANCISCO, CA – The Steinhart Apartments at 952 Sutter Street in Nob Hill, San Francisco have been listed for $27 million by the Alain Pinel Realtors (APR) Investment Group’s Managing Director Mark Bonn and Senior Sales Associate Mirella Webb. Built in 1910, the six-story residential building, formerly the “Steinhart Hotel,” is listed on the National Register of Historic Places. A rare opportunity, 48 of the 57 units will be delivered vacant at close, allowing a new owner to capitalize on the continued strength of the San Francisco apartment market.
“With vacancies in the city at an all-time low, this unique opportunity grants any buyer incredible flexibility,” noted Bonn. “The new owner could operate the property as traditional high-end apartments or as furnished rentals, as each unit has furniture, fixtures, and equipment in-place.”
Originally constructed by Ignatz Steinhart, banker, entrepreneur, and benefactor of the city’s Steinhart Aquarium in Golden Gate Park, the property has been meticulously preserved largely due to its former operation as a hotel. The historic turn-of-the-century character is still present in the period detail in the grand lobby, high ceilings, and the mezzanine-level library.
While celebrating the original architecture, the apartments offer modern conveniences. The spacious and highly-stylized apartments were designed by William Sofield, famed designer of the Ralph Lauren and Gucci boutiques. Additionally, 15 of the units were recently renovated by leading San Francisco designer Jonathan Rachman. Each apartment is fully furnished and includes full-sized kitchens and private bathrooms.
“With a mix of studios, one bedrooms, two bedrooms, and a single four bedroom, many of the units are very large, offering conversion potential to add additional bedrooms to existing units or possibly even more units,” according to Webb. “Ownership of this property would immediately place the investor in the elite group of major multi-family owners in San Francisco.”
Located in Nob Hill, the building is five blocks from Union Square and a few blocks from many of the performing arts theaters in the city.
For more information about the APR Investment Group, visit www.APRInvestmentGroup.com.
STUNNING TRI-LEVEL LOFT IN INNER MISSION
This luxury tri-level live/work loft is perfect for the city living you’ve always imagined. Enjoy sweeping views of Twin Peaks throughout the open and versatile floor plan, flooded with natural light. Two bedrooms including a spacious master suite with a separate sitting on the lower level. The second en suite bedroom is located on the top floor mezzanine level with easy access to the shared roof deck. With a grand scale living room with soaring ceilings, dining area, office space on the main level, a well-appointed kitchen, and in-unit washer and dryer, there is plenty of space. With one car parking in an enclosed garage, private storage including space for a bicycle, a common area roof deck, and gym – this loft offers all the conveniences you could want.
Offered at: $1,395,000
This gracious modern Dominican home with 4 bedrooms, 3.5 baths is sighted on a private .43+/- acre level lot with Mt. Tam Views. The property delights with a spacious deck for entertaining, a flagstone patio and lush landscaping. A utility room + 2 car garage with access to a built out sub area provide storage galore. An extra car parking area finishes a home that is truly complete while located in the central and beloved Dominican University area.
Offered at: $1,839,000
FINE WILLOW GLEN LIVING
Live the Willow Glen dream in this stunning DeMatei craftsman with four bedrooms and three and half bathrooms. Wonderful natural light beams off gorgeous hardwood floors in both formal and informal spaces of the first floor. Become the gourmet chef you always dreamed of with stainless steel appliances, granite counters, and large island with breakfast bar, all with a view to family room and backyard to keep an eye on playing kids or guests . All bedrooms are upstairs including laundry room. Dreamy and spacious Master Suite with tub and custom closet.
Offered at: $1,089,000
It’s the summer – and it’s not just the real estate that is hot! That’s is why Alain Pinel Realtors are launching #APRSundae – a refreshing open house experience. Launching its inaugural weekend in the South Bay, we’ve partnered with Swifty Sweets, a frozen yogurt truck (and more!) that will be popping around to our open houses on Sundays and giving away free treats.
Want to know where you can get a free treat? Follow @AlainPinel and @SwiftySweets on Twitter. We’ll be tweeting out addresses and times from now and Sunday sharing which open houses and at what times you can get your #APRSundae. Be one of the first 25 people at the open house and you’ll get a voucher for a free dessert.
Don’t forget to tag and share any of your photos from the open house with #APRSundae!