Pacific Heights Apartments Sell At 3.5 Percent Yield and Below

By Jon Peterson Two San Francisco apartment complexes in the city’s north central Pacific Heights neighborhood have sold for a total of $34 million: 2140 Pacific Ave. with 27 apartments and 1845 Franklin St. with 30. Buyers of both properties achieved capitalization rates, or initial yields, in the mid-3 percent range, a return threshold that […]