Ballast Purchases Russian Hill Multifamily Properties In San Francisco For $6.25 Million

The transaction involves two multifamily properties located at 1159-1169 Union Street and 1067-1071 Union Street in the San Francisco market. The properties total 11 units, spanning 15,198 square feet and encompassing 0.19 acres. The sale price was $6,250,000, resulting in a price per unit of $568,182 and a price per square foot of $411.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,250,000
• Address: 1159-1169 Union Street & 1067-1071 Union Street
• Market: San Francisco, CA
• Total Units: 11
• Price Per Unit: $568,182
• Square Footage: 15,198
• Price Per Square Foot: $411
• Brokerage Firm: Marcus & Millichap
• Buyer: Ballast

The deal was facilitated by brokers Philip Batlin, Clinton Textor, Sam Runco, and Jordan Tong, who represented the buyer Ballast. The properties were sold following over 50 years of family ownership, with the seller attracting multiple bids for each property before ultimately taking a combined offer.