Apartment Building with 5-Unit Remodel
859-861 Baker Street San Francisco, CA 94115
For Sale
$1,295,000
Remodel plans are submitted for five units, including three studios, one 1-bedroom, and one 3-bedroom.
Property Size1,535 SF
Price / SF$843.65
Days on Market73
Property Features for 859-861 Baker Street
General Information
Standard status
Active
Size
1,535 SF
Property subtype
Multi Family
Building Details
Year Built
1900
Listing Agency:
KW Advisors
(415) 334-0100
Listed By:
Tim A Brown
Source:
Cityrealestatesf
Added: May 18
Changed: Jul 28
Last Checked: Jul 28 at 8:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Advisors
Investment Insights
Based on property information with market context.
This apartment building at 859-861 Baker Street has plans submitted for remodeling five units. The proposed unit mix includes three studios, one 1-bedroom, and one 3-bedroom, with two units currently occupied by tenants.
The property is being offered for sale, and it presents an opportunity for buyers ready to coordinate remodeling through their preferred development and contracting team.
For prospective investors or owner-operators, the existing occupancy and clearly defined unit mix can help guide budgeting and planning around the submitted remodel scope.
The property is being offered for sale, and it presents an opportunity for buyers ready to coordinate remodeling through their preferred development and contracting team.
For prospective investors or owner-operators, the existing occupancy and clearly defined unit mix can help guide budgeting and planning around the submitted remodel scope.
Key Highlights
- Plans submitted to remodel a 5‑unit property built in 1900
- Unit mix includes three studios, one 1‑bedroom, and one 3‑bedroom
- Two of the units are currently occupied by tenants
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.7k | $63.00 |
| − Vacancy | −$6.1k | −$3.97 |
| EGI | $90.6k | $59.03 |
| − OpEx | −$40.8k | −$26.56 |
| NOI | $49.8k | $32.47 |
1,535 SF · lease $63.00/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$712.0K
$623.0K – $830.6K
NOI $49,837 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.50M
$6.56M – $8.75M
NOI $524,849 @ 7.0% cap · market cap 40.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Remodel plans are submitted for five units, including three studios, one 1-bedroom, and one 3-bedroom.
Where is this apartment building located?
The property is located at 859-861 Baker Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Plans submitted to remodel a 5‑unit property built in 1900; Unit mix includes three studios, one 1‑bedroom, and one 3‑bedroom; Two of the units are currently occupied by tenants
