34-Unit Mixed-Use Apartment
For Sale
$6,800,000
Pending
637 Bush Street, San Francisco, CA 94108
The property combines 32 residential units with two commercial spaces in a centrally located San Francisco building.
Property Size16,824 SF
Days on Market49
Property Features for 637 Bush Street
General Information
Standard status
Pending
Size
16,824 SF
Elevators
Yes
Property subtype
Mixed Use
Units
Unit Mix
21 x studio, 11 x 1BR
Multifamily Units
32
Amenities
secure entry system
building-owned laundry
basement storage
Building Details
Building Size
16,824 SF
Year Built
1913
Buildings
1
Listing Agency:
Colliers International
Listed By:
Brad Lagomarsino · License #01058500
(415) 288-7847
Source:
Realestatenovo
Added: Sep 4
Changed: Oct 9
Last Checked: Oct 21 at 4:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers International
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Investment Insights
Based on property information with market context.
Built in 1913, this mixed-use property contains approximately 16,824 square feet with 34 total units: 21 studios, 11 one-bedroom apartments, and two commercial spaces. Residential interiors include wood and carpet flooring, closet storage, wood-frame windows, gas cooking appliances, granite countertops, stainless steel sinks, full-size refrigerators, tiled bathrooms, and clawfoot tub/shower combinations. Common areas retain period details such as a marble entry landing, decorative lighting, plaster walls, and carpeted corridors.
Building infrastructure includes elevator service, secure Akuvox access, two washers, two dryers, a newer boiler system, fire protection on every floor, and owner-controlled basement storage. The property is located at 637 Bush Street near Bush and Powell Streets, with access to Downtown San Francisco, Union Square, Nob Hill, and nearby employment, dining, shopping, and entertainment amenities.
Building infrastructure includes elevator service, secure Akuvox access, two washers, two dryers, a newer boiler system, fire protection on every floor, and owner-controlled basement storage. The property is located at 637 Bush Street near Bush and Powell Streets, with access to Downtown San Francisco, Union Square, Nob Hill, and nearby employment, dining, shopping, and entertainment amenities.
Key Highlights
- 34‑unit configuration with 32 residential units and two commercial spaces
- Residential mix includes 21 studios and 11 one‑bedroom apartments
- Approximately 16,824 square feet; constructed in 1913
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$546,226
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,924,520
$10.9M
Cap Rate 7%
$7,803,229
$7.8M
Cap Rate 9%
$6,069,178
$6.1M
Market Conditions
NOI Build-Up for 16,824 SF
Gross rent
$1.06M $63.00/SF
− Vacancy
−$66.8K −$3.97/SF
EGI
$993.1K $59.03/SF
− OpEx
−$446.9K −$26.56/SF
NOI
$546.2K $32.47/SF
Area
San Francisco, CA
Vacancy
6.30%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,924,520
Cap Rate 7%
$7,803,229
Cap Rate 9%
$6,069,178
Alternative Uses
Best Use
Apartment 5plus
$7.80M
$6.83M – $9.10M
NOI $546,226 @ 7.0% cap · market cap 8.03%
Second Best
Mixed Use
$5.36M
$4.69M – $6.26M
NOI $375,386 @ 7.0% cap · market cap 5.52%
Theoretical Best
Specialty Retail
$82.18M
$71.91M – $95.87M
NOI $5,752,483 @ 7.0% cap · market cap 84.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
31,230
Businesses Nearby
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Business Placement
Demographics for 94108, CA
13,097
Population
7,730
Households
1.7
Avg Household Size
42
Median Age
45%
College-Educated
76%
High-School Grad
0.3 sq mi
ZIP Area
43,657
Density / Sq Mi
$63,864
Median Household Income
$53,617
Median Earnings
$1,562
Median Rent
$1,207,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines 32 residential units with two commercial spaces in a centrally located San Francisco building.
Where is this mixed-use property located?
The property is located at 637 Bush Street San Francisco, CA.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: 34‑unit configuration with 32 residential units and two commercial spaces; Residential mix includes 21 studios and 11 one‑bedroom apartments; Approximately 16,824 square feet; constructed in 1913
