1073 Bush St
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1073 Bush St
11 Unit Apartment Building $2,498,000 ($227,091/Unit) 1.66% Cap Rate San Francisco, CA 94109
Investment Highlights
- 6,542 SF rentable
- 11-unit building (2 Vacant Units)
- It has plenty of natural daylight and is minutes away from the Union Square, FIDI, and Chinatown
- 5,088 lot size
- Cottage-style, gated property with a well-maintained courtyard that consists of two large avocado trees
- It has a potential add-on value above the carriage units
Executive Summary
In a prime Nob Hill location, the 1073 Bush Street Apartments is a cottage-style garden apartment on Bush & Leavenworth Street is a well-maintained, professionally managed private oasis strategically located near-limitless amenities and a few blocks away from Union Square and the Financial District.
Tucked away behind the front gate, each apartment feels like a cottage with a private entrance overlooking the tranquil courtyard with avocado trees. The living room, bedroom, and kitchen all have large windows and plenty of natural daylight.
The location is only two blocks from Trader Joe's, Milkbean, 620 Jones, Sanraku, and many more trendy eateries and cafes. The area is popular with locals and tourists alike, surrounded by hotels, a fitness center, an international school, etc. We also have a Walk Score of 99 and a Transit Score of 94.
Tucked away behind the front gate, each apartment feels like a cottage with a private entrance overlooking the tranquil courtyard with avocado trees. The living room, bedroom, and kitchen all have large windows and plenty of natural daylight.
The location is only two blocks from Trader Joe's, Milkbean, 620 Jones, Sanraku, and many more trendy eateries and cafes. The area is popular with locals and tourists alike, surrounded by hotels, a fitness center, an international school, etc. We also have a Walk Score of 99 and a Transit Score of 94.
Financial Summary (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$188,186
|
$32.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$33,873
|
$5.83
|
| Effective Gross Income |
$154,313
|
$26.54
|
| Taxes |
$34,754
|
$5.98
|
| Operating Expenses |
$77,950
|
$13.41
|
| Total Expenses |
$112,704
|
$19.38
|
| Net Operating Income |
$41,609
|
$7.16
|
Financial Summary (Actual - 2021)
| Gross Rental Income | |
|---|---|
| Annual | $188,186 |
| Annual Per SF | $32.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $33,873 |
| Annual Per SF | $5.83 |
| Effective Gross Income | |
|---|---|
| Annual | $154,313 |
| Annual Per SF | $26.54 |
| Taxes | |
|---|---|
| Annual | $34,754 |
| Annual Per SF | $5.98 |
| Operating Expenses | |
|---|---|
| Annual | $77,950 |
| Annual Per SF | $13.41 |
| Total Expenses | |
|---|---|
| Annual | $112,704 |
| Annual Per SF | $19.38 |
| Net Operating Income | |
|---|---|
| Annual | $41,609 |
| Annual Per SF | $7.16 |
Property Facts
| Price | $2,498,000 | Property Subtype | Apartment |
| Price Per Unit | $227,091 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 1.66% | Lot Size | 0.12 AC |
| Sale Conditions | High Vacancy Property | Building Size | 5,814 SF |
| Gross Rent Multiplier | 15.4 | Average Occupancy | 82% |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1911 |
| Price | $2,498,000 |
| Price Per Unit | $227,091 |
| Sale Type | Investment |
| Cap Rate | 1.66% |
| Sale Conditions | High Vacancy Property |
| Gross Rent Multiplier | 15.4 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,814 SF |
| Average Occupancy | 82% |
| No. Stories | 3 |
| Year Built | 1911 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 500 |
| 1+5 | 9 | - | 530 |
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 0281-014 | Total Assessment | $1,636,131 (2023) |
| Land Assessment | $1,075,703 (2023) | Annual Taxes | $34,754 ($5.98/SF) |
| Improvements Assessment | $560,349 (2023) | Tax Year | 2021 |
PROPERTY TAXES
Parcel Number
0281-014
Land Assessment
$1,075,703 (2023)
Improvements Assessment
$560,349 (2023)
Total Assessment
$1,636,131 (2023)
Annual Taxes
$34,754 ($5.98/SF)
Tax Year
2021
zoning
| Zoning Code | RC-4 (Residential Commercial High-Density.) |
| RC-4 (Residential Commercial High-Density.) |
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1073 Bush St
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