Property History
Touchstone Commercial Partners, Inc. Is Pleased to Offer Investors the Opportunity to Purchase the Fee Simple Interest in 3141-3143 16th Street, Also Known as the Albion Hotel. The Subject Property Is Located Between Valencia and Guerrero Streets in the Mission District. This Prime Location Offers an Abundance of Nearby Amenities Awarding It a Perfect Walk Score of 100 (Walker’s Paradise). The Subject Property Also Has a Near Perfect Transit Score of 97 (Rider’s Paradise) With the 16h and Mission Bart Station Just One Short Block Away. This Three Story Building Consists of Twenty (20) SRO Units, One (1) One Bedroom Apartment, and One (1) Ground Floor With Lower Level Restaurant / Bar. Fifteen (15) of the SRO Units Are Leased on a Block Rental to Recovery Survival Network (RSN) Which Significantly Reduces the Management of the Building. The Apartment at 106 Albion Is Leased as the RSN on-site Office. The Ground Floor and Basement Is Occupied by the Monk’s Kettle, a Successful Gastropub. Opening Its Doors in December 2007, the Monk’s Kettle Is a Neighborhood Tavern Offering Upscale Pub Fare and a Broad Craft Beer List.
- GRM 11.86
- Pro Forma GRM 9.47
- Parcel Size +/- 1,738 Square Feet
- Unit Mix (20) SRO Units, (1) Apartment, (1) Retail
- Construction Wood Frame
- Foundation Concrete Slab On Grade
- Exterior Walls Masonry/Concrete
- Gas Meters Two (2)
- Heat Type Commercial - Radiant Heating (Steam Fed Boiler) SRO - Individual Wall Electric Heaters
- SRO Room Renovations 2015 & 2021
- Earth Quake Retrofit Complete
Loan History
Financial History
Tax History
Contact Information
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Zoning
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Comparable Properties
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