1016 Washington Street, San Francisco, CA 94108, San Francisco, 94108 - 8 bed, 4 bath
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San Francisco, CA 94108
This Nob Hill Quadruplex is a sophisticated Residential Income Asset listed at $1,850,000—positioned well below the $1,857,144 Fair Market Value by 0.4%. This competitive pricing provides $7,144 in Instant Equity. With a Condition Rating of 3, the building offers four modernized units featuring quartz kitchens, gas stoves, and hardwood flooring. Located in a high-demand corridor near Grace Cathedral, the property supports a Tenancy in Common (TIC) exit strategy for maximized returns. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1016 Washington Street Subject | $1,850,000* List Price | 8 | 4 | 2,814 | $660 | - |
A 1272-1276 Sacramento Street Pending | $2,300,000 List Price | 6 | 3 | 3,765 | $611 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant interior updates despite its 1911 construction. The kitchens have been modernized with quartz countertops, stainless steel appliances (including gas stoves and dishwashers), and updated cabinetry. Bathrooms show contemporary tiling and updated vanities. The units feature well-maintained hardwood or laminate flooring and recessed lighting. While there are minor signs of wear typical of a rental property, such as slight ceiling discoloration in one bathroom, the major systems and finishes are functional and updated, fitting the 'good' criteria.
Situated in one of San Francisco's most iconic neighborhoods, the property offers high rental demand and proximity to major employment hubs, luxury landmarks, and vibrant retail corridors.
Each unit features updated kitchens with quartz countertops and modern appliances, along with hardwood flooring, providing turnkey appeal for tenants and reducing immediate capital expenditure.
The property offers stable in-place income with rental upside and is uniquely positioned for a Tenancy in Common (TIC) exit strategy, maximizing potential returns for investors.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 7.
Originally built in 1907, the property may require ongoing maintenance and potential seismic upgrades typical of San Francisco's vintage multi-family assets.
With a compact lot size and no mention of dedicated parking or private outdoor space, the property may face competition from newer developments offering more comprehensive resident amenities.
Well-located multifamily investment opportunity in the heart of Nob Hill, offering investors the chance to acquire a boutique asset in one of San Francisco€s most iconic and centrally positioned neighborhoods, known for its historic charm, strong rental demand, and proximity to major employment and lifestyle hubs. 1016 Washington Street is ideally situated just steps from renowned Nob Hill landmarks including Grace Cathedral, Huntington Park, and the Masonic Auditorium, while also within walking distance to the vibrant dining, retail, and nightlife destinations of Polk Street, North Beach, Chinatown, and Union Square. The property benefits from exceptional connectivity, with convenient access to multiple public transportation lines along nearby Mason, Powell, Clay, Sacramento, and California Streets, as well as regional transit options throughout the city. The property consists of four (4) well-proportioned two-bedroom, one-bath units within an approximately 2,814 square foot building constructed in 1907. Units feature functional layouts with hardwood flooring, spacious living areas, and large closets, along with updated kitchens equipped with quartz countertops, wood cabinetry, gas stoves, and modern appliances. Bathrooms offer tile flooring, tub/shower combinations, and updated finishes, creating a comfortable and appealing living environment. 1016 Washington Street presents investors with stable in-place income, supported by a strong foundation of units already performing at competitive market rents, while still offering meaningful rental upside. The property is also uniquely positioned for a Tenancy in Common (TIC) exit strategy, creating an attractive value-add opportunity in a highly desirable Nob Hill location with continued long-term tenant demand.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 7.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,814 | 3,657 | 50% |
| Lot Size | 1,573 | 1,611.96 | 50% |
| Price | $1.85M | $2.18M | 50% |
| Price per sq ft | $657 | $607 | 50% |
| Built year | 1911 | 1912 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 195 | 50% |
Mar 23, 2026
$1,850,000
Initial Listing
Mar 7, 2014
$1,001,500
Public Record
Mar 5, 1999
$445,000
Public Record
Oct 7, 1994
$423,000
Public Record