1964-1966 Union Street, San Francisco, CA 94123, San Francisco, 94123 - 3 bed, 1 bath
ACTIVE$2,800,000
1964-1966 Union Street, San Francisco, CA 94123
3Beds
1Bath
3,716Sqft
3,846.35Lot
Year Built
1924
Close
-
List price
$2.8M
Original List price
-
Price/Sqft
$753
HOA
$0
Days on market
-
Sold On
-
MLS number
425071871
Home ConditionGood
Features
View-
About this home
We found 3 Cons,6 Pros.
Positioned in the heart of San Francisco's prestigious Cow Hollow neighborhood, 1964 Union Street is a prime multi-family investment with both immediate income strength and compelling long-term upside. The property features well-maintained, recently updated residential units, many with modern finishes. While the building is turnkey from an operational standpoint, there remains significant upside in rents, offering investors the ability to capture stronger cash flow as leases roll. Beyond the stabilized income stream, 1964 Union Street includes a large, flat, vacant rear yard that presents an exceptional development opportunity. Whether for additional units, an ADU expansion, or enhanced common-area amenities, this underutilized space offers investors a pathway to unlock further value in one of the city's most supply-constrained neighborhoods.
Nearby schools
6/10
San Francisco Public Montessori School
Public,•K-5•0.4mi
2/10
Cobb (William L.) Elementary School
Public,•K-5•0.8mi
/10
Chinese Education Center
Public,•K-5•1.5mi
9/10
Chinese Immersion School At Deavila
Public,•K-5•2.1mi
8/10
Sutro Elementary School
Public,•K-5•2.4mi
1/10
Mission Education Center
Public,•K-5•3.8mi
2/10
Fairmount Elementary School
Public,•K-5•4.0mi
6/10
Marina Middle School
Public,•6-8•0.4mi
9/10
Lilienthal (Claire) Elementary School
Public,•K-8•0.7mi
9/10
Roosevelt Middle School
Public,•6-8•1.8mi
3/10
Carmichael (Bessie)/Fec
Public,•K-8•2.0mi
6/10
Rooftop Elementary School
Public,•K-8•3.1mi
4/10
Buena Vista/ Horace Mann K-8
Public,•K-8•3.1mi
8/10
Yu (Alice Fong) Elementary School
Public,•K-8•3.4mi
9/10
Lawton Alternative Elementary School
Public,•K-8•4.2mi
2/10
Revere (Paul) Elementary School
Public,•K-8•4.3mi
3/10
San Francisco Community Alternative School
Public,•K-8•5.0mi
8/10
Galileo High School
Public,•9-12•0.6mi
7/10
Wallenberg (Raoul) Traditional High School
Public,•9-12•1.4mi
2/10
Wells (Ida B.) High School
Public,•9-12•1.6mi
3/10
Mission High School
Public,•9-12•2.5mi
3/10
O'connell (John) High School
Public,•9-12•2.8mi
1/10
Downtown High School
Public,•9-12•3.0mi
2/10
S.F. International High School
Public,•9-12•3.2mi
7/10
Washington (George) High School
Public,•9-12•3.6mi
6/10
Academy Of Arts And Sciences
Public,•9-12•3.7mi
9/10
Asawa (Ruth) San Francisco School Of The Arts, A Public School.
Public,•9-12•3.7mi
7/10
Lincoln (Abraham) High School
Public,•9-12•4.4mi
2/10
Marshall (Thurgood) High School
Public,•9-12•4.6mi
7/10
Balboa High School
Public,•9-12•5.3mi
2/10
Jordan (June) School For Equity
Public,•9-12•5.4mi
10/10
Lowell High School
Public,•9-12•5.4mi
5/10
Burton (Phillip And Sala) Academic High School
Public,•9-12•5.5mi
Price History
Date
Event
Price
09/08/25
Price Change
$2,800,000
01/29/16
Sold
$2,250,000
09/18/15
Sold
$2,250,000
Condition Rating
Good
Despite being built in 1924, the residential units have been recently updated with modern finishes, as stated in the description and evidenced by the images. The bathroom features modern white subway tiles, a contemporary vanity, and new fixtures, appearing in excellent, move-in ready condition. Living areas showcase well-maintained hardwood floors and fresh paint. While the property is described as 'turnkey,' the overall age of the building suggests that some major systems, though functional, may not be brand new, and the absence of kitchen images prevents a definitive 'Excellent' rating. However, the visible updates are substantial enough to warrant a 'Good' score.
Pros & Cons
Pros
Great Schools: Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Prime Cow Hollow Location: Positioned in the heart of San Francisco's prestigious Cow Hollow neighborhood, ensuring high demand and long-term value appreciation.
Significant Development Potential: Features a large, flat, vacant rear yard that presents an exceptional opportunity for additional units (ADU), expansion, or enhanced common-area amenities.
Strong Investment & Rent Upside: A prime multi-family investment offering immediate income strength and compelling long-term upside with significant potential to capture stronger cash flow as leases roll.
Turnkey & Updated Residential Units: The property features well-maintained, recently updated residential units with modern finishes, making it operationally turnkey.
Access to Quality Schools: Proximity to several highly-rated public schools, including Lowell High School (rating 10) and Lilienthal Elementary (rating 9), enhances appeal for families.
Cons
High Entry Price Point: The $2.8 million list price represents a substantial investment, which may limit the pool of potential buyers.
Age of Building: Built in 1924, the property, despite updates, may still carry potential for unforeseen maintenance or infrastructure costs associated with older construction.
Limited Operational Detail: The listing lacks specific information regarding the total number of units, individual unit configurations, and parking availability, which are crucial for a comprehensive multi-family investment analysis.