1022-1028 Bush Street, San Francisco, CA 94109, San Francisco, 94109 - 12 bed, 5 bath
ACTIVE UNDER CONTRACT$2,200,000
1022-1028 Bush Street, San Francisco, CA 94109
12Beds
5Baths
7,300Sqft
2,495.99Lot
Year Built
1911
Close
-
List price
$2.2M
Original List price
-
Price/Sqft
$301
HOA
$0
Days on market
-
Sold On
-
MLS number
425086379
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $2.20M(33th), sqft - 7300(33th), beds - 12(67th), baths - 5(67th).
3 huge flats plus leased ground floor commercial. Excellent potential to generate a lot of income or for owner occupancy. Bonus storage area behind the restaurant leading to a sheltered backyard. Convenient Lower Nob Hill location walking distance to Union Square and the Financial District.
Price History
Date
Event
Price
11/07/25
Price Change
$2,200,000
Condition Rating
Poor
Built in 1911, this property is over a century old. The MLS listing's own analysis indicates a need for 'significant capital investment for system upgrades (e.g., plumbing, electrical, HVAC) and ongoing structural maintenance.' The complete absence of interior photos, especially of kitchens and bathrooms, strongly suggests these critical areas are in outdated or poor condition, requiring substantial renovation. While the exterior appears maintained, the backyard is neglected. Given the age and the explicit need for major system overhauls, the property requires substantial repairs and rehabilitation to meet modern living standards.
Pros & Cons
Pros
Exceptional Income Potential: The mixed-use property features three large residential flats and a leased ground-floor commercial space, offering significant and diversified rental income streams.
Prime Urban Location: Situated in the highly desirable Lower Nob Hill neighborhood, the property boasts excellent walkability to major San Francisco landmarks like Union Square and the Financial District.
Substantial Property Size: With 7300 square feet, the building provides ample space for multiple spacious residential units and a commercial establishment, maximizing utility and value.
Flexible Occupancy Options: The property is ideal for an owner-occupant looking to live in one of the flats while generating income from the others, or as a robust pure investment asset.
Valuable Bonus Amenities: Includes a bonus storage area behind the commercial unit and a sheltered backyard, offering rare and practical additional space in a dense urban environment.
Cons
Age-Related Capital Expenditures: Built in 1911, the property is likely to require significant capital investment for system upgrades (e.g., plumbing, electrical, HVAC) and ongoing structural maintenance.
Potential for High Operating Costs: A large, older mixed-use property in a prime San Francisco location typically incurs substantial property taxes, insurance premiums, and utility expenses.
Limited Parking Availability: Given its urban setting and age, the property likely lacks dedicated on-site parking, which can be a significant inconvenience for residents and commercial patrons in San Francisco.