2891 Pine St - Apartments FOR SALE


San Francisco, CA 94115- Lower Pacific Heights
$1,975,000 USD
415-516-9843
2891 Pine St, San Francisco, CA for Sale
$1,975,000 USD
Apartments - FOR SALE
1/4
null | 4.8% Cap Rate

2891 Pine St
San Francisco, CA 94115
Lower Pacific Heights


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$399 USD /SF

# OF UNITS

6

PRICE/UNIT

$329,167

CAP RATE

4.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,548 SF

ZONING

RH2

APN/PARCEL ID

1048-028

ASK ABOUT THIS PROPERTY

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415-516-9843

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Adam FillyCompass CommercialMore Info
415-516-9843

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