1073 Bush St San Francisco, CA 94109-6254
- Apartment buildings
- 6,542 SF
- 0.12 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1073 Bush St
- Year built
- 1911
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.12 lot acres
- Property size
- 6,542 SF
- Zone code
- RC4
- Property type
- Apartment buildings
- APN
- 0281 -014
- APU
- 281014
Description
This exceptional 11-unit apartment building, located in the coveted Nob Hill neighborhood of San Francisco, presents a compelling value-add investment opportunity. The property, situated at 1073 Bush Street, boasts 6,542 square feet of rentable space within a charming cottage-style, gated building. Currently operating at 81% occupancy, the property offers a strong foundation for growth. The building features a beautifully maintained courtyard with mature avocado trees, providing a tranquil setting for residents. Each unit enjoys abundant natural light and a private entrance, enhancing the overall appeal. The strategic location, just blocks from Union Square, the Financial District, and Chinatown, offers unparalleled access to amenities, including trendy restaurants, cafes, and public transportation. The property's proximity to Trader Joe's, Milkbean, and other popular establishments further enhances its desirability. Built in 1911, the three-story building sits on a 0.12-acre lot and is zoned RC4. With a current Net Operating Income (NOI) of $41,608 and an asking price of $2,499,000, this property offers a 1.66% cap rate and a price per unit of $227,181.82. The property's walk score is 99, transit score is 94, and bike score is 65. The potential for value enhancement exists through improvements to the two vacant units and potential carriage unit additions. This is a rare opportunity to acquire a well-maintained multifamily property in one of San Francisco's most desirable neighborhoods.
Value Estimations
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,170,000
- INDUSTRIAL (GENERAL)
- $2,020,000
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Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Francisco
- State
- California
- Longitude
- -122.415
- Latitude
- 37.7891
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA