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Multifamily Taps into Void in Single-Family Affordability
Waterton cited a strong relative value for residents priced out of the single-family home market as a key factor in its purchase of Delphine on Diamond in the San Francisco neighborhood of Noe Valley. The purchase price was undisclosed.
The property is the first San Francisco acquisition for Waterton San Francisco. Originally built in 1972 and located at 5285 Diamond Heights Blvd., the community features 154 units and consists of one-, two- and three-bedroom apartment homes across two podium buildings with subterranean parking.
Planned community-wide renovations at Delphine on Diamond include new siding and windows, landscaping, mechanical upgrades, and updates to hallways, common areas and amenities. The units will be updated with new light fixtures, new carpeting and flooring throughout, while kitchens will be outfitted with new cabinets, solid surface countertops and plumbing fixtures.
For comments, questions or concerns, please contact Lisa Brown
- ◦Sale/Acquisition




