3133-3139 16th St, San Francisco, CA 94103

3133-3139 16th St, San Francisco, CA 94103

Sale Details

Sale Status:    Sold
Sale Date:    06/10/2016
Sale Price:    $3,600,000 ($300,000/Unit)
Cap Rate:    4.21% (At Time Of Listing)
Listing Price:    $3,250,000

Property Information

Property Type:    Multifamily
Property Subtype:    Garden/Low-Rise
No. Units    12
Building Size:    8,140 SF
Lot Size:    0.07 Acres

Property Description

ARA Newmark, as exclusive listing agent, is pleased to present 3133 – 3139 16th Street in the Mission District, San Francisco. This mixed use property has six studios, four 1-bedroom units & two commercial units within the three-story corner building on 16th and Albion, less than 900 feet west of the 16th St Mission BART Station. This highly sought after Mission location is the desired neighborhood for some of the city’ s trendiest young working class renters and, most recently, the target for some of the hottest restaurants and bars. The property presents an exceptional repositioning opportunity as it will be delivered with three units vacant (two studios and a retail unit) and is poised for substantial rental upside.

Parties to Transaction

Broker:     Phill Boersma
655 Montgomery Street Ste 1705, San Francisco, CA 94111
View Phone Number
59 28Th St, San Francisco, CA 94110