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16 Virginia Ave 3 Unit Apartment Building $1,895,000 ($631,667/Unit) 4.20% Cap Rate San Francisco, CA 94110

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INVESTMENT HIGHLIGHTS

  • Public transportation options are easily accessible with the 14, 24, and 49 MUNI lines within a block and Bart .7 miles away
  • A type 47 Liquor License is available for purchase with the property.
  • Property consists of 15 single room occupancy (SRO) units, 1 retail storefront, and an unwarranted studio

EXECUTIVE SUMMARY

3355 Mission Street aka 16 Virginia Street is a mixed-use residential hotel in the Bernal Heights neighborhood of SanFrancisco. The property consists of 15 single room occupancy (SRO) units, 1 retail storefront, and an unwarranted studio. All residential units were recently renovated along with the common areas of the property. Vinyl plank flooring has been installed throughout the property, bathrooms have been updated with floor to ceiling tiling, and the soft-story seismic retrofit has been completed. The retail space is in development as a restaurant/bar. The property is located in the heart of the Lower Mission Commercial Corridor, and is a walker's paradise with a walk score of 97 of 100. Neighborhood amenities include a Safeway grocery store, plentiful restaurants, and entertainment options. Public transportation options are easily accessible with the 14, 24, and 49 MUNI lines within a block and Bart .7 miles away. Additionally, a Type 47 Liquor License is available for purchase with the property.

FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $1,895,000
Price Per Unit $631,667
Sale Type Investment
Cap Rate 4.20%
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Restaurant
Building Class C
Lot Size 0.04 AC
Building Size 6,492 SF
No. Stories 3
Year Built 1916
Parking Ratio 1.23/1,000 SF
Zoning NC-3 - Moderate Scale Neighborhood Commercial Transit District
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5642-050
Land Assessment
$1,493,754 (2025)
Improvements Assessment
$995,836 (2025)
Total Assessment
$2,489,590 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
  • Listing ID: 28999885

  • Date on Market: 7/14/2023

  • Last Updated:

  • Address: 16 Virginia Ave, San Francisco, CA 94110

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