2886 16th Street

2886 16th Street San Francisco, CA 94103

  • 8,640 Square Feet
  • Multifamily-Apartment
  • For Sale

Summary Description

Colliers International is pleased to present 2886 16th Street, San Francisco, CA for purchase. This 14 unit mixed-use building located in the Inner Mission district of San Francisco (South Van Ness Avenue and 16th Street) consists of twelve (12) Studios, a restaurant space and live/work one bedroom unit both located on the ground floor. The Inner Mission district is one of the most diverse and energetic areas in all of San Francisco. It has an eclectic mix of clothing stores, a vibrant art scene, and a plethora of multi-cultural restaurants-both new and old. The area offers convenient transportation options on Bart (16th Street station) & by Muni bus, allowing quick access to the downtown, Financial District and other parts of San Francisco. The property is also within access to Hwy 101 linking the area to the East Bay and the US 101 Peninsula corridor.

Current owners have spent close to a $1,000,000 in building renovations. Renovations include completed soft story retrofit work (CFC issued), new steel beams, new concrete footings for the foundation, a complete basement retrofit, major remodels to units 6 & 8 and a live work space on the ground floor. In addition the building has upgraded plumbing, new exterior paint and a rebuilt back deck and stairs.

For the investor, this is a great opportunity to purchase a property with tremendous upside in rents located in a vibrant and convenient location.

Property Status: Just Listed for Sale

Price: $4,500,000.00

Lot Size: 3533 Square Feet

Building Size: 8640 Square Feet

Area Available: 8,640 Square Feet

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