Marcus & Millichap brokered the sale of Lombard Place Apartments, a large multifamily complex in San Francisco’s Russian Hill district.

The value of the transaction was $28 million.

The 109-unit community includes three seven-story buildings constructed in 1927. The total square footage of the three properties is 90,780 square feet. Each building has a parking structure behind it. The unit mix includes 33 studios and 76 one-bedroom units. Recent upgrades include new roofs, paint, windows, and electrical and hot water heating systems.

A private San Francisco Bay Area partnership sold the property to a San Francisco-based investment partnership.

Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.


Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top