Just Listed


1650 Baker Street

1650 Baker Street is a six-unit mixed-use building in Lower Pacific Heights. Situated at the corner of Pine Street, this boutique asset has much to offer. Four of the apartments are bright and spacious layouts with high-ceilings, hardwood floors, and loads of charm. The fifth apartment is a ground- level two-bedroom unit with a private entrance from the street.

 

The apartments and common areas have been nicely maintained and updated, providing a welcoming home for tenants. There is a one-car garage accessed on Baker Street. The units are separately metered for gas and electricity. The electrical panels have been recently updated to meet current insurance requirements.

 

The laundromat signed a 5 year lease that has an initial term that expires in December, 2028. Tenant has a 5 year extension option. There is approximately 70% upside in the current rents, providing investors with the ability to purchase a prized corner asset at an entry level price point.