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3065 16th Street

Mixed Use | 4.87% CAP | 6,725 SF

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Asking Price: $2,950,000

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3065 16th St, SF, CA 94103

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Date Added
Nov 2, 2020
Days on Market
1603 days
Time Since Last Update
62 days

Details

Property TypeMixed Use
SubtypeMultifamily, Retail
Investment TypeOwner/User
Investment Sub TypeInvestment
Square Footage6,725
Price/Sq Ft$438.66
Cap Rate4.87%
Pro-Forma Cap Rate5.96%
NOI$143,571
Pro-Forma NOI$175,904
Units3
Year Built1909
Buildings1
Stories3
ZoningNCT
Lot Size (sq ft)2,869
APN3569/077

Marketing Description

3065 16th Street is a three unit mixed-use building with a type 47 liquor license in the heart of the Mission.​ The property has fantastic potential for an owner-operator of a restaurant, bar, or entertainment venue.​

The ±6,725 SF building sits on a 2,869 SF lot and consists of a retail space which spans two stories and two full floor five-room flats.​ The retail space is currently a vacant bar which has a type 47 liquor license attached.​ Ownership has spent $75,000 on structural upgrades and architectural fees to have an approved plan set to convert the retail space from one to two floors.​

The property is located in the heart of the Mission District, between the Valencia and Mission commercial corridors; it is San Francisco’s hottest submarkets for young working professionals in the City and is considered to be the cultural and artistic epicenter of San Francisco.​ The location is surrounded by a number of well-regarded restaurants, ranging from simple comforts like Venga Empanadas, Curry Up Now, Hawker Fare, and CREAM to more upscale options like Lazy Bear, Prubechu, and Dear Inga.​ The neighborhood is within biking distance to the rest of Downtown San Francisco and is conveniently located next to multiple forms of public transportation and highway 101/interstate 80.​

The investment appeal of 3065 16th Street is driven by its premier location Inner Mission, San Francisco’s proximity to strong local employers, robust housing market, exceptionally well-maintained infrastructure.​

Investment Highlights

  • ​2 Full Floor 5-Room Flats and a 2 Story Retail Space
  • ​Type 47 Liquor License Included In Sale
  • ​Premier Inner Mission Location Between Valencia and Mission
  • ​1 Block Away from Bart Station

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$143,571.00
$11,964.25/mo

Valuation Metrics

0
DSCR
4.87%
Cap Rate
4.87%
ROI
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Due Diligence

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Please reach out to the listing contacts for details.

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Broker Information
Broker Name
Brian Leung
Broker License
CA California 01203473
Broker Name
Jeremy Lee
Broker License
CA 01951309
Brokerage Name
Compass
Broker Title
Commercial Broker
Brokerage Address
891 Beach Street, SF, United States 94109
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