1624 Larkin Street | Complex Ownership. A Global Shutdown. We Still Got It Sold.

The sale of 1624 Larkin Street was anything but typical. A 10-unit building in San Francisco’s Nob Hill, it was built in 1984 and had once served as student housing. But for over a decade, the property sat completely vacant, with no improvements, no tenants and no maintenance. It was owned by a Non-Profit from Mainland China, who had never sold U.S. real estate and required a highly structured, inflexible process: an appraisal-based minimum price, no purchase contingencies, and no tolerance for anything less.

We were selected based on our track record handling complex transactions and our ability to position unusual assets for maximum value. We launched our marketing campaign in early 2020 and quickly generated multiple offers, including a motivated buyer who agreed to a 15-day investigation period in the LOI.

Then COVID hit.

The buyer backed away. San Francisco entered lockdown. And uncertainty took over the market.

But we didn’t walk away. We stayed engaged, recalibrated, and kept qualifying interest alive behind the scenes. While others hit pause, we kept momentum by using our network access, strategic guidance, and deep knowledge of buyer behavior in moments of volatility.

Ultimately after more than a year, our persistence paid off. We secured a qualified buyer willing to meet the full appraised value, with zero contingencies, and brought the deal to a successful close after a once-in-a-generation disruption.

At the Caravelli Group, we don’t just sell properties—we solve for complexity, remain calm under pressure, and deliver results where others stall. If you’re facing a challenging sale, we’re ready to lead with strategy, patience, and precision.