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Nob Hill Apartment Building | 38 Residential Units

$6,175,000

860 Bush Street, San Francisco, CA 94108

Active
Last Updated: 03/12/2025

5.47

Cap Rate

16,850 sqft

Building Size

Details:
Cap Rate:    5.47%
Building Size:    16,850 sqft
Lot Area:    4,487 sqft
Units:    38
GRM:    9.29
Year Built:    1913
Price Per Sqft:    $366
Price Per Unit:    $162,500
Zoning:    RM-4
Floors:    6
Roof:    Termoplastic Polyolefin
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.
  • Impeccably maintained building with numerous upgrades
  • Shallow adjacent properties—most units receive good light
Description:

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 five 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 fire alarm upgrade.

Map:
Documents:
Title
Offering Memorandum
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Location
Gallery