NOT LISTED FOR SALE
2 Beds
-- Bath
11,500 Sq Ft
4,586 Sq Ft Lot

Last Sold April 05, 2023

Last sale price $4,000,000 $348 Per Sq Ft

157 Days on Market

Highlights

  • Wood Flooring
  • 3-minute walk to California And Jones
  • Wall Furnace
  • Marina Middle School Rated A-

About This Home

As of April 2023

Attractive Seller financing available. Priced to sell. Centrally located in the heart of Nob Hill, 1045-1049 Bush Street is an outstanding San Francisco investment opportunity. This 17 unit mixed-use building consists of two commercial spaces, 13 studios, and 2 1bds.Tenants enter through a central lobby, which is situated between two neighborhood commercial spaces with attractively designed windows. The apartments are spacious and receive great natural light. The studios are large enough to be converted to 1bd units, allowing a new owner to add tremendous value. The units also boast high-ceilings, hardwood floors, and large closets. Apartments on the upper floors have nice outlooks over Nob Hill and the San Francisco skyline. There is a large patio for tenants to enjoy. Owned by the same family for many years, this concrete and steel building has been maintained to a high standard. The apartments are separately metered for PG&E. It's central location and great character make it an attractive place to live.

Last Listed By

Adam Filly

Compass Commercial License #01354775 Listed on: 09/05/2022

Compass Commercial

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 4,586 Sq Ft Lot

Home Design

  • Mixed Use
  • Concrete Foundation
  • Bitumen Roof

Interior Spaces

  • 11,500 Sq Ft Home
  • 4-Story Property
  • Wood Flooring

Utilities

  • Wall Furnace
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 0281-016A

Community Details

Overview

  • 17 Units

Building Details

  • 12 Leased Units
  • 5 Vacant Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments, Mixed Use
  • Property Condition: Varies By Unit
  • Levels: Four
  • Year Built: 1922
  • Number Commercial Units: 2
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 33
  • Flooring: Wood
  • Price Per Square Foot: 347.83
  • Square Footage: 11500.00

Exterior Features

  • Construction Materials: Concrete
  • Foundation: Concrete
  • Roof: Bitumen

Utilities

  • Heating: Electric, Wall Furnace

Fee Information

  • Utilities Expenses: 29560

Lot Info

  • Assessor Parcel Number: 0281-016A
  • Lot Features: None
  • Lot Size Acres: 0.1053
  • Lot Size Sq Ft: 4586.00
  • Lot Size Units: SqFt
  • Price Per Acre: 37986704.65

Building Info

  • Number of Units Total: 17

Rental Info

  • Units Furnished: None

Multi Family

  • Number Of Units Vacant: 5
  • Gross Rent Multiplier: 10.97
  • Number Of1 Bedrooms Occupied: 2
  • Number of 1 Bedroom Units: 2
  • Number of Studio Units: 13
  • Number Of Units Leased: 12
  • Number Studios Occupied: 9
  • Separate Meters: Electricity, Gas

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2023 04/05/23 Sold $4,000,000 -5.9% $348 / Sq Ft
02/09/2023 02/09/23 Pending -- -- --
02/03/2023 02/03/23 For Sale $4,250,000 +6.3% $370 / Sq Ft
01/31/2023 01/31/23 Off Market $4,000,000 -- --
01/25/2023 01/25/23 Pending -- -- --
01/03/2023 01/03/23 Price Changed $4,250,000 0.0% $370 / Sq Ft
01/03/2023 01/03/23 For Sale $4,250,000 -8.6% $370 / Sq Ft
12/02/2022 12/02/22 Pending -- -- --
10/25/2022 10/25/22 Price Changed $4,650,000 0.0% $404 / Sq Ft
10/25/2022 10/25/22 For Sale $4,650,000 -3.1% $404 / Sq Ft
09/25/2022 09/25/22 Pending -- -- --
09/05/2022 09/05/22 For Sale $4,800,000 -- $417 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 422691763

San Francisco Association of REALTORS® MLS