Riaz Taplin And Eliza Bailey Acquire 117-Unit Multifamily Building In San Francisco For $25M

The asset involved in the transaction is a 117-unit multifamily apartment building located at 1300-1330 Bush Street in San Francisco, CA. It was sold for a total transaction amount of $25,000,000, which equates to a price per unit of $213,675. The building, known as The Terraces, was constructed in 1975 and is rent-controlled. The acquisition represents a strategic move as part of a value-add repositioning strategy, with plans for structural upgrades and unit renovations.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,000,000
• Units: 117
• Price Per Unit: $213,675
• Address: 1300-1330 Bush Street
• Market: San Francisco, CA

Riaz Taplin, representing ArtHaus Partners, and Eliza Bailey, representing Belay Investment Group, were the key individuals involved in this transaction. Both firms are focusing on returning to the San Francisco market, capitalizing on improving leasing conditions and renewed investor interest in infill multifamily properties.