JLA Home Acquires St. Brigid Church From Elisa Stephens For $4.7M In San Francisco

The asset involved in this transaction is a church located at 2151 Van Ness Avenue in San Francisco. The property encompasses approximately 20,000 square feet and was sold for $4,700,000, translating to a price per square foot of $235.

Summary of transaction details:

• Property Type: Church
• Transaction Amount: $4,700,000
• Address: 2151 Van Ness Avenue
• Market: San Francisco
• Square Footage: 20,000
• Price Per Square Foot: $235
• Buyer: JLA Home
• Seller: Elisa Stephens - Academy of Art University

The Academy of Art University has undertaken the sale as part of a larger strategy to divest roughly 375,000 square feet of real estate in downtown San Francisco. This decision follows a series of legal and regulatory pressures faced by the university, including a significant $60 million settlement due to zoning violations and ongoing compliance and financial governance issues with a 2028 deadline.