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2055 Sacramento Street

Greg MacDonald Of Ballast Acquires Grosvenor Court Apartments In San Francisco For $31.9M
SOLDMultiFamily

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

Greg MacDonald

Ballast

Buyer

$80.4M

vol

2 deals

Buyer
Ballast
BallastBuyer

San Francisco MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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