OFFERED FOR SALE 45 UNIT MULTI-FAMILY PROPERTY ICONIC CHARM, MODERN LIVING LOWER NOB HILL

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2 698 Bush Street is a beautiful 45 unit building in one of the hottest rental neighborhoods of San Francisco. The building includes 28 One-Bedroom/One- Bath Units and 17 SRO Units (with full baths). The building was constructed in 1907 and boasts a recently completed full building electrical upgrade, a fresh coat of interior paint and new carpeting and lighting throughout the common areas. Security cameras have been installed in common areas. The common area bathrooms have been renovated. The units have excellent floor plans, beautiful architecture and great natural light. Some units have city views and all units are separately metered for PG&E. OFFERED AT $12,700,000 Exclusively Listed By: Dan McGue Executive Vice President DanMcGue@paragon-re.com Lic: Bush Street is an incredibly rare investment opportunity, with unmatched locational amenities and close proximity to Union Square and the Financial District of San Francisco. Fantastically located in the Downtown/Lower Nob Hill area, it is considered one of the best and most desirable neighborhoods. Nearby are many fine restaurants, bars and upscale hotels including the Fairmont, the Ritz-Carlton and Mark Hopkins. The Cable Cars run up and down Powell Street in front of the building adding to its vintage charm and appeal. Public transportation via MUNI and BART is very accessible. The location provides easy access to top employers and boasts a highly educated work force in one of the top performing apartment markets in the country. Nearby employers include technology companies such as Reddit, Zendesk, Yelp, WeWork and Salesforce. The San Francisco Bay Bridge and freeways are within a short driving distance. The information contained herein has been obtained from sources we deem reliable but is not guaranteed. Prospective purchasers are advised to independently verify accuracy and to review any disclosure information on file with this office.

3 PROPERTY HIGHLIGHTS Fantastic Downtown/Lower Nob Hill 45 Units Total 28 One Bedroom/One Bath Units 17 SRO Units (2 furnished with baths) Each Unit Separately Metered for PG&E New Steam & DHW Boilers Security Cameras 57% Upside in Rental Income $549 per Sq. Ft.* Building Size: Approx. 23,120 Sq. Ft.** Lot Size: Approx. 4,624 Sq. Ft.* (Approx x 67.5 )* Zoning: RC4* Parcel Number: * Year Built: 1907* GRM: 14.9 Cap Rate: 3.7% Market GRM: 9.7 Market Cap Rate: 7.3% *Per Metro Scan ** Per Owner s building plans. Square footage not warranted or guaranteed, buyer to verify square footage. The information contained herein has been obtained from sources we deem reliable but is not guaranteed. Prospective purchasers are advised to independently verify accuracy and to review any disclosure information on file with this office.

4 INCOME & EXPENSES Scheduled Annual Gross Apartment Income (Includes Passthroughs) $ 832,362 Gas Reimbursement 428 Water Reimbursement 2,673 Sewer Reimbursement 3,883 Trash Reimursement 3,494 Utility Admin Billing Fee 582 Laundry Income 1,983 Other Income 4,967 Scheduled Annual Gross Income $ 850,372 Less Vacancy (Estimated at 2%) (17,007) Adjusted Annual Gross Income $ 833,365 Estimated Operating Expenses: Property Taxes (Estimated at % of $12.7 mm) $ 148,882 Insurance 14,502 Gas & Electric 48,569 Water & Sewer 35,679 Telephone 6,788 Scavenger & Recycling 19,427 Pest 2,600 Security 600 Elevator 850 Cleaning 11,040 Resident Manager (Estimated at $1,000 per month rent credit) 12,000 Maintenance (Estimated at $700 per unit) 31,500 Property Management (Estimated at 3% of Adjusted Gross Income) 25,001 Estimated Annual Operating Expenses (357,438) Estimated Net Operating Income: $ 475,927 Note: The above expenses and vacancy factor are estimates only, based partly on Seller s past expenses and partly on industry standards. All prospective buyers should determine their own numbers for all expenses and the vacancy factor. The information contained herein has been obtained from sources we deem reliable but is not guaranteed. Prospective purchasers are advised to independently verify accuracy and to review any disclosure information on file with this office.

5 UNIT TYPE SCHEDULED RENT PLUS PASSTHROUGHS MARKET RENT MOVE-IN-DATE BEDROOM $1, $2, /24/ SRO 1 $ $2, /1/ SRO $ $1, /15/ BEDROOM $2, $2, /1/ SRO $ $1, /1/ SRO $ $1, /1/ SRO 2 $2, $2, /10/ BEDROOM $1, $2, /1/ BEDROOM $2, $2, /8/ BEDROOM $2, $2, /29/ BEDROOM $ $2, /15/ BEDROOM $2, $2, /3/ BEDROOM $ $2, /1/ SRO 3 $1, $1, VACANT 205 SRO $1, $1, /22/ SRO $ $1, /21/ BEDROOM 4 $2, $2, /15/ BEDROOM 3 $2, $2, VACANT BEDROOM $ $2, /9/ BEDROOM $2, $2, /25/ BEDROOM $ $2, /20/ BEDROOM $ $2, /1/ SRO $ $1, /28/ SRO $ $1, /1/ Unit is an SRO that is convertible to a 1 bedroom by combining an existing space known as 100A 2 Unit has been renovated and includes a full wet bathroom. 3 Vacant Unit. Owner s estimated market rent. Estimated market rent depends on the quality of finishes and improvements to the unit. Seller and Broker do not warrant or guarantee the stated estimated market rent. All prospective buyers should use their own estimates of market rent. 4 Scheduled rent for this unit includes a $75 pet rent. The information contained herein has been obtained from sources we deem reliable but is not guaranteed. Prospective purchasers are advised to independently verify accuracy and to review any disclosure information on file with this office.

6 UNIT TYPE SCHEDULED RENT PLUS PASSTHROUGHS MARKET RENT MOVE-IN-DATE SRO 1 $1, $1, VACANT BEDROOM $1, $2, /1/ BEDROOM $2, $2, /15/ BEDROOM $ $2, /1/ BEDROOM $2, $2, /1/ BEDROOM $1, $2, /11/ BEDROOM $ $2, /1/ SRO $ $1, /15/ ,2 SRO 1,2 $2, $2, VACANT 406 SRO $ $1, /1/ BEDROOM $1, $2, /1/ BEDROOM $1, $2, /1/ BEDROOM $2, $2, /10/ BEDROOM $1, $2, /1/ BEDROOM $ $2, /1/ BEDROOM 1 $2, $2, VACANT 504 SRO $1, $1, /15/ SRO $1, $1, /10/ SRO $ $1, /1/ BEDROOM $1, $2, /28/ BEDROOM 1 $2, $2, VACANT TOTAL MONTHLY RENT $69, $109, TOTAL ANNUAL RENT $832, $1,315, Vacant Unit. Owner s estimated market rent. Estimated market rent depends on the quality of finishes and improvements to the unit. Seller and Broker do not warrant or guarantee the stated estimated market rent. All prospective buyers should use their own estimates of market rent. 2 Unit has been renovated and includes a full wet bathroom. The information contained herein has been obtained from sources we deem reliable but is not guaranteed. Prospective purchasers are advised to independently verify accuracy and to review any disclosure information on file with this office.

7 OFFERED FOR SALE 698 BUSH STREET SAN FRANCISCO, CA The information contained herein has been obtained from sources we deem reliable but is not guaranteed. Prospective purchasers are advised to independently verify accuracy and to review any disclosure information on file with this office.

8 698 BUSH STREET

9 698 BUSH STREET