700 Baker St 6 Unit Apartment Building $3,375,000 ($562,500/Unit) 5.65% Cap Rate San Francisco, CA 94115

1798 McAllister Street is a well-located and fully occupied mixed-use property in the heart of NOPA. The property consists of two Studio and two 1BD apartments, and a ground-floor commercial space. All five apartments were recently remodeled with high-end finishes, in-unit laundry, and modern appliances. The commercial space was just leased to a law firm on a new 10-year lease with an extension option for an additional 5 years. The commercial space is south-facing with great visibility from the street and natural light. All of the apartments are separately metered for gas and electricity, and tenants pay for their own heat. Additionally, a utility reimbursement program has been implemented to reduce all landlord utility expenses. A soft-story seismic retrofit was also completed in 2025. Located at the intersection of Baker and McAllister Streets, this is a highly desirable location that provides convenient access to Divisadero shops and retail, the Panhandle, Golden Gate Park, and Haight-Ashbury. This is an excellent opportunity to purchase a turn-key asset that will provide immediate cash flow.