1310 Jones LLC Acquires MultiFamily Asset From Meyer Family For $24.6 Million In San Francisco

A multi-family asset located at 1310 Jones Street in the San Francisco market has been sold. The property, known as Crest Royal Apartments, encompasses 56 residential units housed within a 12-story building. The sale was finalized for a total of $24.6 million, reflecting a price per unit of approximately $439,286 and a price per square foot of around $277, with a total square footage of 88,700.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $24,600,000
• Buyer: 1310 Jones LLC
• Seller: Meyer family
• Units: 56
• Square Footage: 88,700
• Price per Unit: $439,286
• Price per Square Foot: $277
• Market: San Francisco

This transaction represents the conclusion of the Meyer family’s three-building portfolio sales, marking an end to their ownership following the earlier sales of properties located at 1330 Jones Street and 1000 Green Street.