Greg MacDonald Of Ballast Acquires Grosvenor Court Apartments In San Francisco For $31.9M
2055 Sacramento Street
$31,900,000
Units
86
Asset Type
MultiFamily
Closing
Nov 10, 2025
AI
Ballast has acquired an 86-unit multifamily property located at 2055 Sacramento Street in San Francisco’s Pacific Heights for a sale price of $31,900,000, translating to approximately $370,930 per unit. This sale reflects the growing interest and confidence in the multifamily market within San Francisco, driven by increasing rents and a tighter vacancy rate.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $31,900,000
- Units: 86
- Price Per Unit: $370,930
- Buyer: Greg MacDonald
- Company: Ballast
- Address: 2055 Sacramento Street
- Market: San Francisco
Greg MacDonald, representing Ballast, played a crucial role in this transaction, which contributes to the expansion of Ballast's local portfolio. The acquisition of Grosvenor Court Apartments marks a significant step in response to the robust market dynamics observed in the San Francisco area.
Players
San Francisco MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93