Northeast (Downtown / Financial District)

District 8

$2,523,813.00

Average Price (2-4 Units)

49

Avg Days on Market (2-4 Units)

$608.00

Avg Price/SqFt (2-4 Units)

Q1

2026

Data Period

Hills, Density, and Classic SF Character

The quintessential vertical San Francisco. Characterized by steep hills, cable cars, and dense historic urban living, District 8 attracts international interest from buyers seeking the classic cinematic SF experience. This high-density area maximizes every square foot of real estate for its view potential and historical value, from the grand Victorians of Nob Hill to the bohemian flats of North Beach.

Demand is highest for studio and one-bedroom units. Nob Hill and Russian Hill are perpetual favorites for Financial District workers who want a short commute and walkable dining options. North Beach attracts a more bohemian, neighborhood-focused tenant who values the community feel of the Little Italy corridor and proximity to waterfront attractions.

Investors often focus on TIC (Tenants in Common) opportunities, where larger buildings are subdivided and sold as individual interests. Given the high cost per square foot, smaller pied-à-terre style condos and studios are primary investment vehicles. Managing older infrastructure is a key skill here, as many buildings date back to the post-1906 reconstruction era and require specialized maintenance knowledge.

Neighborhoods Included

Nob Hill
Russian Hill
North Beach
Financial District
Downtown
Telegraph Hill
Tenderloin
Civic Center
North Waterfront / Embarcadero
Fun fact

Lombard Street's famous curves were added in 1922 because the original 27% grade was too steep for cars to descend safely and Russian Hill gets its name from a cemetery for Russian sailors that was discovered when the neighborhood was first developed in the 1850s.

Q1
2026

Market Snapshot

2-4 Unit Buildings:

$2,523,813.00

Average Price
Number of sales

8

AVG. Price per SQuare FooT

$608.00

5-9 Unit Buildings:

$2,500,000.00

Average Price
Number of sales

3

AVG. Price per SQuare FooT

$424.00

10+ Unit Buildings:

$5,544,167.00

Average Price
Number of sales

6

AVG. Price per SQuare FooT

$326.00

Avg. GRM 5-9 Units

11.88

Avg. GRM 10+ Units

8.8

Avg. Price Per Unit

-

Market Commentary
Russian Hill and Nob Hill studio and one-bedroom units in high demand from Financial District workers. TIC opportunities remain active. North Beach attracting buyers seeking neighborhood character. Post-1906 building management expertise essential.
Data Source: SFAR MLS

Notable Sales

notable sale

691 Post Street, San Francisco

A 36-unit mixed-use apartment building in Downtown San Francisco. Sellers accepted an offer after just two weeks on the market. Sold to private investors through our proprietary network. The property traded at a 4.32% CAP rate and 12.73 GRM.

SALE PRICE
9,000,000
KEY RESULT
Accepted Offer in 2 Weeks
PROPERTY TYPE
Mixed-Use
UNITS
36
DISTRICT
District 8

Recent Sales

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