440 Hyde Street — A Record-Setting Multifamily Sale in a Challenging Submarket

The Caravelli Group is proud to highlight the successful sale of 440 Hyde Street, a 16-unit apartment building consisting of 15 studios and 1 one-bedroom in the heart of San Francisco. The building represented years of thoughtful ownership, with 14 fully renovated units, professional third-party management, and a long record of quality operations. Our mission was to ensure that this level of stewardship translated to a premium result in the marketplace.

Although the surrounding neighborhood has faced negative media attention in recent years, our team knew that buyers continue to stretch for high-quality, renovated buildings with predictable income. The key was positioning the property correctly, creating clarity around its strengths, and guiding buyers through the noise with a data-driven narrative. By focusing on what mattered—renovations, operations, unit finishes, and easy to rent units—we reframed the asset from a location-driven question mark into a turnkey, cash-flowing investment opportunity.

Our process is built on consistency: targeted outreach, curated private tours, strategic messaging, and a competitive offer structure. For 440 Hyde, this generated strong engagement from local owners, private capital groups, and experienced multifamily buyers. Through disciplined communication and clear market positioning, we ultimately secured a buyer who delivered strong terms and paid $25,000 above the list price, resulting in a 2025 record 6.53% Cap Rate for the area.

This outcome reflects a broader trend we’ve seen across San Francisco: when a property is well-managed, thoughtfully renovated, and expertly presented, the market responds—even in submarkets with challenging headlines. It also reinforces our belief that sellers deserve a process that protects the value they’ve created and helps the building’s true strengths stand out.