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Additional details
Listed by Andreas Ernst Compass
$1,298,000
Est. payment /mo
6 Beds
5 Baths
3,165 SqFt
Open House
Fri Nov 06, 3:00pm - 3:30pm
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,165 sqft
Price per Sqft $410
MLS Listing ID 426170439
Bedrooms 6
Full Baths 4
Half Baths 1
HOA Y/N No
Lot Size 3,025 Sqft
Acres 0.0694
Property Sub-Type Apartment
Property Description
Exceptional value-add opportunity in a prime NOPA location. 859-861 Baker Street is a five-unit building offering a compelling combination of immediate flexibility, approved plans, and significant long-term upside. With four units delivered vacant and just one tenant-occupied unit currently paying $3,282 per month, the property presents a rare opportunity for investors, developers, contractors, and TIC buyers. The building features a versatile unit mix of one 3-bedroom, one 1-bedroom, and three studios, with approved plans to remodel the none- occupied units allowing a new owner to move forward with improvements. Plans have been approved and are ready to be picked up. Ideal for a developer or contractor looking to renovate and reposition the property, a TIC investor exploring individual unit sales, or a long-term buy-and-hold investor seeking to improve the building and capture future rental upside. The high level of vacancy provides exceptional flexibility to execute a variety of strategies from day one. Home could be used as a Single Family Home as well. Located in desirable NOPA with convenient access to neighborhood restaurants, cafes, parks, shopping, and transportation, 859-861 Baker Street is a rare San Francisco multifamily opportunity with approved plans, substantial vacancy, and multiple paths to create value. Seller financing available for qualified buyers
Location
State CA
County San Francisco
Area Sf District 6
Interior
Fireplace No
Exterior
Total Parking Spaces 1
Building
Lot Description Corner Lot
New Construction No
Others
Tax ID 1151001
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