860 Bush Street Apartments 860 Bush St 38 Unit Apartment Building $5,950,000 ($156,579/Unit) 5.85% Cap Rate San Francisco, CA 94108

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.