Do you want to take a shower or go to the bathroom without the eye-clutter of… well, a sink in your bathroom?
The residential building at 698 Bush Street strikes again, serving another apartment that makes some outdoor camping tents seem overly spacious.
Recently, another unit inside the residential building at 698 Bush Streets, which has produced past entries into our archive of demoralizing housing stories, popped up on SF’s rental market via a Zillow listing about a month ago. To the surprise of no one here: The most recent apartment up for rent in the space features a bathroom … without a sink.
There’s no kitchen; there’s no kitchenette; nothing suggests an area designated for food prep.
But there is one sink — adjacent to the bathroom. But the hardware and light fixtures are modern. But there is enough space for a queen-sized bed … so long as you’re OK with your sleeping arrangement swallowing up your entire domicile.
All those things, including hardwood flooring and a single window (facing inside the building’s column), can be had for $1,395 a month. Shocking price? Yes. However, even at nearly $1,400 a month, the price for this studio apartment — one that measures likely around 200 square feet or less — sits considerably lower than the present market rate. Per the rental aggregator Apartments.com, the median price for a studio apartment in Lower Nob Hill as of publishing is $1,970; that’s a $575 delta between the two. (Granted, this unit is far below the average size of a studio apartment for the neighborhood, roughly 400 square feet, but the math still stands.)
This apartment, which 18 people have been in contact with the leasing agent about, reflects San Francisco’s upswing in rental prices. On average, SF’s rental market is “warming up” as demand for apartments continues rising; SF experienced an increase of 4,682 net new migrants between July 2022 and July 2023.
San Francisco’s rental market continues to be expensive, even though rents across the board have cooled since hitting their 2015 and 2016 highs. Rents are still some 40% higher than the national average. And if SF’s rental prices continue to trend upward, it’s theorized we could again see pre-pandemic apartment rents within the next few years.
Thankfully, even if you do decide to rent an obscenely priced home the size of some master bedrooms, odds are you can (likely) rest easily said domicile is rent-controlled.
Feature image: Courtesy of Zillow
