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1122 Bush St 5 Unit Apartment Building $2,375,000 ($475,000/Unit) 3.91% Cap Rate San Carlos, CA 94070
Investment Highlights
- Updated kitchens & Baths , Hardwood Floors. Central heating
- Close to downtown and Train s station
- 5 year old roof
Executive Summary
Well maintained building close to downtown San Carlos Laurel Street and walking distance to the CalTrain station. Updated Kitchens and Baths , Hardwood floors , central heating, coin laundry. Termite report section one is being cleared by seller. Dual paned vinyl windows , 5 year old roof.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,375,000 | Apartment Style | Low-Rise |
| Price Per Unit | $475,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 3.91% | Building Size | 3,250 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 17.78 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1952 |
| Property Type | Multifamily | Parking Ratio | 1.54/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, San Carlos | ||
| Price | $2,375,000 |
| Price Per Unit | $475,000 |
| Sale Type | Investment |
| Cap Rate | 3.91% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 17.78 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,250 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | R3, San Carlos |
Amenities
- Smoke Detector
Unit Amenities
- Heating
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Yard
- Double Pane Windows
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 650 |
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 050-054-100 | Total Assessment | $822,313 |
| Land Assessment | $239,503 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $582,810 | Tax Year | 2025 |
Property Taxes
Parcel Number
050-054-100
Land Assessment
$239,503
Improvements Assessment
$582,810
Total Assessment
$822,313
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1122 Bush St
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