Waterton plans to renovate the 154-unit Delphine on Diamond multi-family community in the Noe Valley neighborhood of San Francisco.

SAN FRANCISCO – Waterton, a Chicago-based national real estate investor and operator, has purchased Delphine on Diamond, formerly known as Eaves Diamond Heights, as an entry into the San Francisco market.

The Delphine on Diamond is located in the Noe Valley district and has 154 one, two and three bedroom apartments spread over two podium buildings with underground parking.

Waterton plans to renovate the community, built in 1972, including new siding and windows, landscaping, mechanical improvements, and updates to hallways, public areas, and facilities. In addition, the units will be fitted with new lights, carpets and wooden floors, while the kitchens will be fitted with new cabinets, solid-surface countertops and modern plumbing fixtures.

The property is located at 5285 Diamond Heights Blvd. The terms of the acquisition were not published.

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