Oz Erickson Purchases Pacific Heights Multifamily Asset In San Francisco For $17.5M

The property involved in this transaction is located at 2100 Jackson Street in San Francisco, classified as a multifamily asset. The sale price for the property was $17,500,000, comprising 12 units. The total square footage of the building is 33,000, resulting in a price per unit of $1,458,333 and a price per square foot of $530.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,500,000
• Address: 2100 Jackson Street
• Market: San Francisco
• Units: 12
• PPU: $1,458,333
• SF: 33,000
• PPSF: $530
• Buyer: Oz Erickson
• Broker Representatives: Dan McGue & Jeff Kanbar - Coldwell Banker

Oz Erickson, the buyer, plans to transform the historic building into a communal living space for friends. The upgrading process is anticipated to take two years, during which the unique character of the property will be maintained, following its previous ownership by Skyy Vodka founder Maurice Kanbar.