1073 Bush St
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1073 Bush St
11 Unit Block of Flats £1,986,639 (£180,604/Unit) 2.18% Net Initial Yield San Francisco, CA 94109
INVESTMENT HIGHLIGHTS
- Strong Current Cash Flow: The property generated $118,785 in net income (2024) with stable occupancy, offering a foundation for immediate cash flow.
- Vacancy Upside: One vacant unit (9.1% vacancy vs. 5.5% submarket average) presents a quick opportunity to boost income.
- Controlled Expenses: 2024 operating costs included one-time upgrades like a $4,200 intercom installation, minimizing future capital needs.
- Below-Market Rents: Units lease are well below comparable market rates, creating upside through rent adjustments.
- Lease Renewal Potential: Multiple tenants pay below-market rates under outdated agreements, allowing rent resets to align with current market rents.
- Utilities Included: Owner covers utilities for most units, streamlining management and enabling rent increases to reflect full market value.
EXECUTIVE SUMMARY
1073 Bush Street offers a unique investment opportunity in San Francisco’s desirable Lower Nob Hill neighborhood. This historic 11-unit apartment building, built in 1911, combines classic charm with modern convenience, featuring a mix of studio, one-bedroom, and two-bedroom units. Located steps from Muni/BART transit, UCSF Health Saint Francis Hospital, and the Fillmore Street dining and shopping district, the property boasts a Walk Score of 98, attracting professionals and tech workers. Its prime location near Chinatown, Union Square, and Van Ness Avenue ensures steady tenant demand in a high-demand urban area with limited new construction.
The property generated $118,785 in net income in 2024, with clear growth potential. Current rents range from $1,490 to $2.135 per month - below market rates (comparable units lease up to $4,394) —while one vacant unit (9.1% vacancy vs. 5.5% submarket average) offers immediate income upside. Outdated leases allow for rent adjustments, and recent upgrades like the $4,200 intercom system will reduce future costs. With Downtown San Francisco’s vacancy at 5.5% and near-zero new supply, this asset promises strong cash flow and appreciation through rent increases and operational improvements.
The property generated $118,785 in net income in 2024, with clear growth potential. Current rents range from $1,490 to $2.135 per month - below market rates (comparable units lease up to $4,394) —while one vacant unit (9.1% vacancy vs. 5.5% submarket average) offers immediate income upside. Outdated leases allow for rent adjustments, and recent upgrades like the $4,200 intercom system will reduce future costs. With Downtown San Francisco’s vacancy at 5.5% and near-zero new supply, this asset promises strong cash flow and appreciation through rent increases and operational improvements.
PROPERTY FACTS
| Price | £1,986,639 | Apartment Style | Low Rise |
| Price Per Unit | £180,604 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Net Initial Yield | 2.18% | Building Size | 5,814 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 82% |
| No. Units | 11 | Number of Floors | 3 |
| Property Type | Multifamily | Year Built | 1911 |
| Property Subtype | Apartment |
| Price | £1,986,639 |
| Price Per Unit | £180,604 |
| Sale Type | Investment |
| Net Initial Yield | 2.18% |
| Sale Condition | High Vacancy Property |
| 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% |
| Number of Floors | 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 | Improvements Assessment | £445,641 |
| Land Assessment | £855,498 | Total Assessment | £1,301,202 |
PROPERTY TAXES
Parcel Number
0281-014
Land Assessment
£855,498
Improvements Assessment
£445,641
Total Assessment
£1,301,202
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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