The family of a developer who built three apartment buildings in San Francisco’s Russian Hill and Nob Hill seven decades ago has put them up for sale.
The Meyer family, whose Theo G. Meyer and Sons built the apartments in the 1950s, has listed the complexes at 1000 Green Street, 1310 Jones Street and 1330 Jones Street, the San Francisco Business Times reported. The price of the properties was undisclosed.
The portfolio includes a 62-unit, 13-story complex on Green Street in Russian Hill; a 56-unit, 13-story complex at 1310 Jones in Nob Hill; and a 36-unit, seven-story complex next door at 1330 Jones.
Brokers Brad Lagomarsino and Dustin Dolby of Colliers hold the listing. While Lagomarsino declined to disclose the identity of the seller, he said the family owner feels it’s “simply time” to sell. The apartments are between 75 and 80 percent occupied, he said.
The three apartment buildings are still owned by members of the Meyer family, according to public records reviewed by the Business Times.
The Meyer family also built the Civic Center Garage in San Francisco and the College of San Mateo, plus private homes, according to an obituary for Theodore K. Meyer in Stanford’s alumni magazine. He was one of three brothers that made up the “sons” in the company’s name, according to SFGate.
Rents at 1000 Green start at $3,300 for a one-bedroom, one-bathroom apartment, according to online listings.
Rents at 1330 and 1310 Jones start at $2,950 and $4,500, respectively, for one-bedroom, one bathroom apartments.
— Dana Bartholomew
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