550 Baker Street, San Francisco, CA 94117

Property Description

550 Baker Street presents the opportunity to acquire a 12-unit apartment building ideally located in San Francisco's highly desirable North Panhandle (NOPA) neighborhood. Positioned near the Panhandle, Alamo Square Park, and the Divisadero Street commercial corridor, the property offers residents convenient access to popular restaurants, cafs, neighborhood markets, public transportation, and major employment centers. Constructed in 1909, the approximately 10,386-square-foot building consists of two one-bedroom apartments, nine two-bedroom apartments, and one three-bedroom apartment. The residences feature well-proportioned floor plans, abundant natural light, hardwood flooring, box beam ceilings, fireplaces, generous closet space, and eat-in kitchens. Additional amenities include on-site and in-unit laundry and a small shared backyard. The property features separately metered gas and electrical service and has completed the required San Francisco soft-story work. The building is also compliant with the Fire Alarm Sleeping Room Ordinance, providing an incoming owner with the benefit of important building-system improvements already in place. With significant rental upside, a desirable unit mix, classic architectural character, and a central location near the Panhandle and Divisadero Street, 550 Baker Street offers a compelling opportunity to acquire a well-located multifamily asset in one of San Francisco's most established residential neighborhoods.