CBRE recently arranged the $7.3-million sale of Sutter Mansion, a 12‑key boutique hotel at 1409 Sutter St. in San Francisco’s Japantown/Pacific Heights area, to a confidential buyer. Alex Lee‑Bull and Lauren Lamb with CBRE Hotels in San Francisco represented the seller, Neighbourgood, a Cape Town and San Francisco–based branded residential and hospitality group.
Originally built in 1881, Sutter Mansion is a Grand Victorian estate renovated in 2019, preserving its ornate façade, period craftsmanship and architectural details. The property features oversized guestrooms averaging 400 square feet, a restaurant and bar, two commercial kitchens, event space and onsite parking.
“The marketing process generated multiple preemptive offers, including several from nontraditional real estate investors tied to the tech, AI and hacker‑house sectors, who submitted aggressive terms,” said Lee Bull. “This interest underscores strong validation of the demand for San Francisco boutique hotels assets supported by the impressive growth in tech and AI industries across the city.”
