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San Francisco’s Alhambra Apartments Trade to Private Investor
Marcus & Millichap arranged the sale of the Alhambra Apartments, a 41-unit apartment property located at 860 Geary St. in San Francisco. The sale price was $7,250,000.
SVP investments Sanford Skeie and first VP investments Gino Franco, both of Marcus & Millichap’s San Francisco office, marketed the property on behalf of a private seller. The buyer, a private investor, was procured by Chris Lamas of Urban Capital of San Francisco.
“Designed and built by James Francis Dunn and Daniel Kearns in 1913, the Alhambra Apartments features an Art Deco/Arabesque architectural style, taking inspiration from the Alhambra palace in Spain,” said Skeie. “Dunn designed notable buildings across the city, including the Chambord and the Alhambra apartment complex, which are celebrated for their unique, ornamental designs.”
The Alhambra’s most famous tenant was Rudolph Valentino, who used the building’s penthouse and dome as his San Francisco retreat, where he could entertain away from the bright lights and prying eyes of Hollywood.
- ◦Sale/Acquisition
