3103 Sacramento Street Sold at Asking Price

Marcus & Millichap Sells 3-Unit Mixed-Use Apartment in Prime Pacific Heights

San Francisco, Calif.,?August --?2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment firm, is pleased to announce the sale of 3103-3107 Sacramento Street, a 3-Unit Mixed-Use apartment building on the corner of Sacramento & Baker. The asset was sold for $1.8 Million.

3103-3107 Sacramento Street is a unique corner mixed-use property in the prestigious Pacific Heights district of San Francisco at the corner of Sacramento and Baker Streets. This three-unit property features an extensively built out space on the ground floor occupied by the Waldorf School. The upstairs is currently configured with two one-bedroom apartments.

The property is adjacent to the Sacramento Street shopping district; located between Pacific Heights and Presidio Heights, and is a destination for home furnishing, fashion boutiques, personal care salons and many famed restaurants such as Spruce, Sociale, and The Magic Flute.

Alta Plaza Park and The Presidio, two renowned San Francisco recreational gems, are just a short distance away. In addition, ample transportation is available within quick walking distance, and it is a few blocks from UCSF’s Laurel Heights Campus as well as the Laurel Heights Shopping Center and the Vogue Theater.

The entire expansive ground floor is occupied by the prestigious San Francisco Waldorf School. The Sacramento/Baker location encompasses the school’s pre-school with significant upgrades for this specialized use. They have been a tenant since 2007.

The second floor (1821 Baker) consists of two one-bedroom rental units with considerable natural light. Both units have rental upside potential. The property received a voluntary foundation strengthening in 2006. Handicap bathrooms, a power door opener and other safety features have been added to the school site.

This is the first time this property has been on the market and is a rare find centrally located in a retail corridor between two of San Francisco’s most affluent neighborhoods.

Bought by a private investor, this property presented an outstanding opportunity to operate a rent controlled apartment building with rental upside in one of San Francisco's best locations.

For?additional information about this transaction or to learn more about our team & services, please contact:

Gino Franco | (415) 625-2167 | [email protected]

Sanford Skeie | (415) 625-2153 | [email protected]

Nico Toracca | (415) 625-2154 | [email protected]

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About Marcus & Millichap (NYSE: MMI)

With over 1,800 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed nearly 10,000 transactions in 2023 with a value of approximately $42.2 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com