Renovated Apartment
2878 16th Street, San Francisco, CA 94103
For Sale
$7,475,000
Rebuilt multifamily property with modernized residences, new building systems, and resident laundry in select units.
Property Size7,500 SF
Days on Market54
Property Features for 2878 16th Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
in-unit laundry
forced-air heating and air conditioning
tankless water heaters
Building Details
Building Size
Year Built
Year Renovated
Buildings
Listing Agency:
Compass Commercial
Listed By:
Adam D Filly · License #01354775
(415) 874-5031
Source:
Paytonslist
Added: Sep 15
Changed: Nov 2
Last Checked: Nov 6 at 3:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment building contains 10 units that were remodeled in 2026 as part of an extensive rehabilitation. The work included the foundation, roof, siding, windows, plumbing, electrical systems, and HVAC, with a certificate of completion issued in 2026. Each residence has forced-air heating and air conditioning in every room, while six two-bedroom apartments include in-unit laundry. Four ADUs were added during the rebuilding process, and every unit has a tankless water heater.
The property sits between the Mission District and Potrero Hill, with access to dining, public transportation, commuter shuttles serving Google, Apple, and Meta, and neighborhood amenities. Gas is separately metered and paid directly by tenants, a detail that supports more defined utility responsibility. Originally built in 1908, the building combines its existing structure with substantially updated physical systems and remodeled living spaces.
The property sits between the Mission District and Potrero Hill, with access to dining, public transportation, commuter shuttles serving Google, Apple, and Meta, and neighborhood amenities. Gas is separately metered and paid directly by tenants, a detail that supports more defined utility responsibility. Originally built in 1908, the building combines its existing structure with substantially updated physical systems and remodeled living spaces.
Key Highlights
- 10‑unit apartment building with all units remodeled in 2026
- Foundation, roof, siding, windows, plumbing, electrical, and HVAC replaced or newly completed
- Six two‑bedroom apartments include in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$243,503
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,870,060
$4.9M
Cap Rate 7%
$3,478,614
$3.5M
Cap Rate 9%
$2,705,589
$2.7M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$472.5K $63.00/SF
− Vacancy
−$29.8K −$3.97/SF
EGI
$442.7K $59.03/SF
− OpEx
−$199.2K −$26.56/SF
NOI
$243.5K $32.47/SF
Area
San Francisco, CA
Vacancy
6.30%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,870,060
Cap Rate 7%
$3,478,614
Cap Rate 9%
$2,705,589
Alternative Uses
Best Use
Apartment 5plus
$3.48M
$3.04M – $4.06M
NOI $243,503 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$36.63M
$32.06M – $42.74M
NOI $2,564,409 @ 7.0% cap · market cap 34.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
7,163
Businesses Nearby
Explore this area
Business Placement
Demographics for 94103, CA
37,843
Population
20,920
Households
1.8
Avg Household Size
37
Median Age
56%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
27,031
Density / Sq Mi
$122,339
Median Household Income
$83,348
Median Earnings
$2,146
Median Rent
$1,057,600
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in San Francisco, CA
Properties on Market for Apartment buildings in San Francisco
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Rebuilt multifamily property with modernized residences, new building systems, and resident laundry in select units.
Where is this apartment building located?
The property is located at 2878 16th Street San Francisco, CA.
What is the asking price?
The asking price for this property is $7,475,000.
What are key features of this property?
This property features: 10‑unit apartment building with all units remodeled in 2026; Foundation, roof, siding, windows, plumbing, electrical, and HVAC replaced or newly completed; Six two‑bedroom apartments include in‑unit laundry
