Property Type
Status Active
Price Type
Distressed
Year Built 1923
Neighborhood
Days on Website 29

Property Map

$2,800,000 – 2886 16th Street, San Francisco, CA 94103

Street View

Courtesy of Mark Bonn, Compass Commercial.

Description

14-unit investment property in the vibrant Mission neighborhood. There are 12 studios, 1 ground floor commercial and 1 live/work style 1-bedroom on the ground floor. Significant upgrades in the last decade enhancing the overall building value and reducing future maintenance costs. Soft story retrofit completed with new steel beams, new concrete footings, a complete basement upgrade with a laundry area. Several of the residential units have been remodeled, with modern finishes and stainless steel appliances. There have been major remodels to units #6, #8, and the live/work space. In addition the building has new exterior paint and a rebuilt back deck and stairs. Unit #4 will be delivered vacant, presenting a valuable opportunity for a new owner to further enhance the building’s appeal and increase its rental income.

Property Details and Features

Appliances & Equipment

  • “Varies By Unit”
  • Other equipment: “None”

Basement

  • Basement: “Partial”, “Storage Space”

Bedrooms

  • 1 total bedroom

Building

  • Built in 1923
  • Living area: 8,640
  • Construction materials: “Stucco”, “Wood Siding”
  • Levels: “Three Or More”

Cooling

  • “None”

Laundry

  • “Coin Operated”
  • “Common Area”

Listing

  • ListingID: 424075996
  • Standard status: Active
  • 10 days on market

Location

  • Country: US

Lot

  • 0.0808 acres
  • 3,520 square feet
  • “Shape Regular”

Possession

  • “Close Of Escrow”
  • “Subject To Tenant Rights”

Property

  • Zoning: M1

Roof

  • “Asphalt”
  • “Flat”

Additional Rooms

  • 26 total rooms

Security Features

  • “Carbon Monoxide Detector(s)”
  • “Security Gate”
  • “Smoke Detector(s)”
  • “Varies By Unit”

Sewer

  • “Public Sewer”

Tenant Pays

  • “Cable TV”
  • “Electricity”
  • “Gas”

Utilities

  • Electric: “Separate Meter”
  • Gas: “Separate Meter”
  • “Cable Available”
  • “City”
  • “Natural Gas Connected”

Windows

  • “Bay Window(s)
  • Varies by Unit”

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