Description

700 Baker Street is a well-located, fully occupied six-unit mixed-use property in the heart of NOPA. The building comprises five residential unitstwo studios and three one-bedroom apartments, and a ground-floor commercial space. All five apartments have been recently remodeled with high-end finishes, featuring modern appliances and in-unit laundry, offering strong tenant appeal and minimal near-term capital needs. The property also benefits from new exterior paint completed in 2026, enhancing its curb appeal. The ground-floor commercial space is leased to a law firm on a new 10-year lease with a five-year extension option, providing stable, long-term income. The space enjoys a desirable south-facing exposure, offering excellent natural light and strong street visibility. Each residential unit is separately metered for gas and electricity, with tenants responsible for their own heat. Additionally, a utility reimbursement program has been implemented to further reduce operating expenses. A soft-story seismic retrofit was completed in 2025, adding significant structural value. Ideally situated at the corner of Baker and McAllister Streets, the property offers immediate access to the vibrant Divisadero corridor, as well as the Panhandle, Golden Gate Park, and Haight-Ashbury. This is a rare opportunity to acquire a turnkey asset in a premier San Francisco location, delivering immediate cash flow with long-term upside.