3065 16Th StSan Francisco, CA 94103

Property Details for 3065 16Th St

Year built

1909

Property size (Sq ft)

6,725 SF

Property type

Residential income properties

Property subtype

Other retail properties

Description

This exceptional three-unit mixed-use building at 3065 16th Street in San Francisco's vibrant Mission District presents a compelling investment opportunity. The 6,725 square foot property, built in 1909, sits on a 2,869 square foot lot and boasts a desirable zoning designation (NCT). The building comprises a two-story retail space (currently vacant but with an attached Type 47 liquor license) and two full-floor, five-room residential units. Approved plans and $75,000 in prior investment are in place for a conversion of the retail space to two floors, enhancing its potential. The property's current NOI is $143,571, with a pro-forma NOI of $175,904, reflecting a 4.87% cap rate and a pro-forma cap rate of 5.96%. The asking price is $2,950,000 ($438.66 per square foot). Its location between the Valencia and Mission commercial corridors places it in a high-demand area, surrounded by numerous restaurants and close to public transportation (including BART) and major highways (101/80). This presents a unique chance to own a well-situated mixed-use property in one of San Francisco's most dynamic neighborhoods. The three-story building offers significant upside potential for an owner-user or investor seeking a strong return in a thriving market.

Location Insight

City

San Francisco

County

San Francisco

State

California

Latitude

37.7648

Longitude

-122.421

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