Coldwell Banker Commercial Realty Sells 18-Unit San Francisco Apartment Building in Dolores Heights For ~$5M
SAN FRANCISCO (Aug. 5, 2025) – Coldwell Banker Commercial Realty is pleased to announce the $4,990,000 sale of The Somerset Apartments in San Francisco. The 18-unit apartment complex is located at 3835 19th Street, in the Dolores Heights neighborhood. It is a 14,283 square-foot structure on an 11,400 square-foot lot.
Nick Bonn of Coldwell Banker Commercial Realty and Thomas Galicia of Coldwell Banker Realty represented both sides of the deal, seller Ralph Irming-Geissler and the undisclosed buyer. Bonn confirmed that the buyer intends to continue the property’s use as multifamily units.
Prior to the sale, the lender took ownership of the property by way of a deed-in-lieu of foreclosure transaction, according to Bonn. The lender then sold the property with Bonn’s and Galicia’s assistance. There was an unpaid property tax bill of approximately $700,000 attached to the property that was paid for at close of escrow by the buyer. Factoring closing costs that were assumed by the buyer, the net cost of purchase was $5,9350,000.
About Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial Realty, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises of nearly 200 independently owned and operated affiliates as well as owned brokerage and more than 3,000 professionals in 40 countries. For additional information, visit www.cbcworldwide.com.
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Media Contact: Kevin J. Guhl, kevin.guhl@cbrealty.com 973-407-5916
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