Russian Hill Apartments Trade After 50 Years of Family Ownership

Marcus & Millichap arranged the sale of two multifamily properties at 1159-1169 and 1067-1071 Union St. in San Francisco’s Russian Hill neighborhood. Totaling 11 units, the properties sold for a combined $6.25 million after more than 50 years under the same family ownership.

“This was the first time either property had been brought to market in more than 50 years, creating a rare opportunity to acquire two well-located RussianHill assets from a long-term owner,” said Philip Batlin, managing director investments. “We marketed the properties both individually and as a portfolio, generating multiple offers on each. Ultimately, selling them together allowed the ownership to capitalize on the scale of the combined offering and select the strongest overall proposal.”

Batlin, Clinton Textor, Sam Runco and Jordan Tong, investment specialists in Marcus & Millichap’s San Francisco office, marketed the properties on behalf of the seller, and procured the buyer, Ballast.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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