Veritas Pays $13.3MM for 18-Unit Apartment Building in San Francisco’s Marina District

San Francisco, Marina District, Veritas Investments, Ho Properties Corporation, Marcus & Millichap, Golden Gate Beach, Presidio of San Francisco

By Catherine Sweeney 

Veritas, a San Francisco-based investment firm, is growing its presence in the Bay Area with the recent acquisition of an 18-unit apartment building in San Francisco’s Marina District. According to public records, the property was sold to Veritas by an entity affiliated with Ho Properties Corporation on Sept. 23 for $13.3 million, or roughly $738,888 per unit. 

The property is located at 3839 Divisadero Street. According to a previous listing for the property from Marcus & Millichap, the 1940s-era building will consist of 18 one-bedroom units, a rooftop deck and a rooftop deck. 

The three-story apartment building is located overlooking the San Francisco Yacht Harbor and is just a short walk away from the Golden Gate Beach and various walking trails at the Presidio of San Francisco. 

The property is one of several owned by Veritas in the Bay Area. In January, the company acquired a 36-unit apartment building in San Francisco’s Russian Hill neighborhood. According to previous reporting from The Registry, the apartment community, which is located at 2355 Leavenworth Street,  was sold by Fixes Family Enterprises for $18.9 million, or about $525,000 per unit. 

Founded in 2007, Veritas is a real estate investment and management company with a focus on smaller apartment buildings. Currently, the company’s portfolio consists of more than 320 buildings and 7,500 apartment units across the San Francisco Bay Area as well as the Greater Los Angeles area.

“Focusing on smaller buildings that often carry some degree of deferred maintenance, Veritas leverages technology to acquire, modernize, and extend the lifespan of these multifamily communities – ensuring they remain attractive places to live for generations to come,” the company states on its website.

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