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Listed by Dustin Dolby Colliers International
$ 15,000,000
Est. payment /mo
New
601 Tennessee ST San Francisco, CA 94107
25 Beds
19,412 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 19,412 sqft
Price per Sqft $772
MLS Listing ID 426172948
Bedrooms 25
HOA Y/N No
Year Built 2019
Lot Size 3,800 Sqft
Acres 0.0872
Property Sub-Type Multi Family
Property Description
The Mariposa is a contemporary, condominium-mapped multifamily community ideally located in San Francisco's vibrant Dogpatch neighborhood. Condominium-mapped from its inception, the property consists of 20 separately conveyable units under Final Map 9530 (2019), with recorded CC&Rs and an established owners association. The property offers a diverse mix of studio, one- and two-bedroom residences, including four distinctive two-level lofts with mezzanines, each featuring an exclusive-use entry and private patio or yard. Ideally positioned at the center of San Francisco's growing AI economy, The Mariposa is located just blocks from Y Combinator's Pier 70 campus and OpenAI's Mission Bay campus, with Uber, UCSF Mission Bay, Chase Center and Oracle Park nearby. The property provides convenient access to some of the city's leading employment centers, dining, entertainment and recreational destinations. Thoughtfully designed with a modern interpretation of San Francisco's classic bay window, the residences feature abundant natural light, condominium-grade finishes and smart-home technology. Interiors include GE Profile appliances, Silestone quartz countertops, Grohe fixtures, Latch entry systems, Nest climate and safety technology, Amazon Hub lockers and individually metered utilities. Select residences enjoy views of the San Francisco Bay, Sutro Tower and surrounding cityscape, while residents benefit from a landscaped panoramic roof deck featuring a custom outdoor kitchen and generous gathering areas. The Mariposa has demonstrated strong appeal to corporate tenants, highlighted by Gusto's 36-month master lease of the entire fourth floor as furnished residences. The property also presents an attractive opportunity for future rental growth, with 2026 lease renewals reflecting increases ranging from 12.5% to 45%. With no rent-controlled or below-market-rate (BMR) units, The Mariposa offers investors a compelling combination of condominium flexibility, modern amenities and mark-to-market potential in one of San Francisco's most dynamic neighborhoods.
Location
State CA
County San Francisco
Area Sf District 9
Interior
Fireplace No
Building
Lot Description Sidewalk
Level or Stories Five or More
New Construction No
Others
Tax ID 3995022
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