860 Bush St - Apartments FOR SALE


San Francisco, CA 94108- Lower Nob
$6,175,000 USD
415-727-1271
860 Bush St, San Francisco, CA for Sale
$6,175,000 USD
Apartments - FOR SALE
1/12
null | 5.47% Cap Rate

860 Bush St
San Francisco, CA 94108
Lower Nob


HIGHLIGHTS

  • Prominent Nob Hill apartment building
  • Popular Bush-Pine Street corridor
  • 38 Studios, 6 floors, 16,850 Sq Ft
  • Close to the Financial District and Union Square
  • Over 74% of units turned over in the last 5 years
  • Strong rent potential as market returns.

OVERVIEW

860 Bush Street is a prominent Nob Hill apartment building, available for the first time in nearly four decades. Ideally located between Taylor and Mason Streets, this six-story property was built in 1913 and spans 16,850 sq. ft. It sits mid-block along San Francisco's popular Bush-Pine Street corridor, a desirable, relatively flat area with quick access to the Financial District and Union Square. The building consists of 38 studio units, most of which have undergone modest renovations over the past decade or two. With over 74% of units turned over in the last 5 years, the property offers strong rental income potential as the San Francisco market rebounds. Currently, 2 units are vacant. Abundant natural light fills the units, thanks to adjacent low-rise structures, one of which has an expansive rear yard. The building is separately metered for gas and electricity and has been meticulously maintained. Common areas, including hallways and staircases, are in pristine condition, featuring modern carpeting and fresh paint. The property includes an elevator and has undergone a recent fire alarm upgrade.

FOR SALE DETAILS

PRICE

$6,175,000 USD

PRICE/SF

$325 USD /SF

# OF UNITS

38

PRICE/UNIT

$162,500

CAP RATE

5.47%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

860 Bush Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

RC4, San Francisco

APN/PARCEL ID

0274-009

ASK ABOUT THIS PROPERTY

Matthew C. SheridanMaven Commercial, Inc.More Info
415-727-1271

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Matthew C. SheridanMaven Commercial, Inc.More Info
415-727-1271

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.