2886-2888 16th St

2886-2888 16th Street in San Francisco’s vibrant Mission neighborhood offers 14 total units. There are 12 studio
units on the two upper floors, 1 ground floor live/work, 1-bedroom residential unit and a long-time restaurant tenant on the ground floor, ensuring stable rental income. The building itself has undergone significant upgrades over the past decade, enhancing its overall value and reducing future maintenance costs. The work includes: Soft Story retrofit project (CFC issued) 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.
The property benefits from its prime location, surrounded by a variety of amenities including shops, restaurants, easy access to highway, and public transportation, making it an attractive option for both tenants and investors.
Additionally, the property next door, 2874 16th Street, is going through major renovations which will be a significant improvement for the block. The developer is adding 4 apartments in the basement for a total of 10 housing units—an increase of four units from its original construction