Colliers Multifamily Team Helps Family Achieve Over $700 per Sqft for North Beach Property

SAN FRANCISCO, CA -- (10/11/2021) -- On behalf of the Colliers Multifamily Investment Services Group, it is a pleasure to announce the sale of 9 August Alley.

9 August Alley is a well maintained fifteen (15) unit apartment building located between Mason Street and Powell Street in the heart of North Beach, one of San Francisco’s landmark neighborhoods. The current ownership purchased the building in 2012 and has owned and operated the building very diligently. The unit mix in the building consists of fifteen (15) studio units with fifteen (15) car parking.

Built in 1966, the units features large living areas with natural light, hardwood or carpeted floors, large closets, tub shower combinations in the bathrooms and electric stoves/ovens in the kitchens. Concrete sub floors provide good noise suppression between the units - each unit has studs & drywall separate from the neighboring unit for sound suppression. Some of the upper units feature City and Bay views (Potential to add a roof deck with sweeping Bay views- see 3R report referencing sun-deck permit from 1968). There is an on-site laundry facility (leased) for the convenience of the residents. 67% of the units have been remodeled.

Situated along San Francisco Bay between Fisherman’s Wharf and Chinatown, North Beach is a charming and lively neighborhood packed with local history. Home to Little Italy, here you will unsurprisingly find the best Italian cuisine San Francisco has to offer. A stroll through Little Italy isn’t complete without visiting the many Italian delis, gelato shops & sidewalk cafés - an entire day can be spent in this authentic and charming neighborhood. Nearby parks include Marini Plaza, Columbus Avenue Parklet and Washington Square Park. Public transportation serves the area well. One can easily catch one of the three major bus lines (15, 30 and 45) or two Cable Car lines that pass through the neighborhood. This location is a Walker’s Paradise with a walk score of 99.

For Additional Information or To Learn About Our Team Services, Please Contact:

Dustin Dolby: [email protected] | (415) 288.7869