Competitive Execution Drives Premium Sale in Alamo Square

At The Caravelli Group, our focus is on helping multifamily owners achieve strong, risk-adjusted outcomes — even in markets where confidence and clarity can feel uncertain. The recent sale of 745 Fillmore Street is a clear example of how strategic positioning, disciplined marketing, and targeted buyer engagement can create meaningful competition and deliver premium value.

Property Overview

Located in the heart of Alamo Square, 745 Fillmore Street is a well-maintained 17-unit apartment building consisting of 10 large studios and 7 one-bedroom units, supported by 11 on-site parking spaces. While the property offered stable income and irreplaceable location fundamentals, the seller sought a streamlined sale process with certainty of execution.

Our Strategic Approach

We launched the offering at $4,225,000 and designed a marketing strategy focused on reaching private capital, syndicators, and institutional investors simultaneously. During the marketing period, we conducted 15 private tours, allowing qualified buyers to evaluate the opportunity in depth.

Given the high level of engagement, we implemented a structured bid date to concentrate interest and create competitive tension. This approach resulted in 10 offers, 8 of which came in above list price.

The Result

The seller ultimately selected a well-capitalized, all-cash buyer who provided:

• $4,308,765 purchase price

• ~11.2% higher net from original list price

• Coverage of all transaction costs, including underground storage tank removal

• A significant hard money deposit

• A quick, clean closing timeline

  
  

This execution not only maximized value but also minimized seller risk, delivering a result that exceeded expectations on both price and terms.