2940 16th St SF CA 94103 San Francisco, CA 94103
- Added:
- Sep 16, 2025
- Days on Market:
- 198
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 2940 16th St SF CA 94103
General Information
- Standard status
- Active
- Property subtype
- Office
Building Details
- Year Built
- 1914
Listing agent James Kilpatrick License #CA 01277022
Listing office NAI Northern California (510) 290-9647
Listing date Sep 16, 2025
Source Crexi
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 NAI Northern California
Overview
Mission District Leased Investment Opportunity
This fully leased property in the Mission District presents a compelling investment opportunity. Interior unit upgrades include new flooring, lighting, plumbing fixtures, and paint in the vacant units, along with the preservation or restoration of one of the five former theater units. Energy-efficient wall heaters replaced older models. Building systems and common areas have been updated with an elevator upgrade, new plumbing fixtures and shut-off valves, motion-sensor LED lighting, and fresh paint throughout, while preserving historic murals. Security and access enhancements feature security cameras on all floors and app-based/code-entry access for units and the building, along with a replaced rear gate and fencing. Basement waterproofing and drainage upgrades have been completed, including sump pump replacements. The building includes an unfinished basement level totaling 8,690 SF, offering future potential for additional income. Significant rent upside exists, with current in-place rents averaging approximately $22/SF compared to market rents averaging $39/SF.
Location Intelligence
Current Use by Public Records
San Francisco Living ...
Advocacy Group
Redstone Labor Temple ...
Association Or Organization
Kraken Creative Studios
(Bike/Boat/Book/etc) Store
United Taxicab Workers-CWA
Courier Service
Carsy
Car Dealership
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Mateo
- State
- California
- Longitude
- -122.418239
- Latitude
- 37.765372
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Fully leased building with significant rent upside in vibrant Mission.
Where is this office building located?
The property is located at 2940 16th St SF CA 94103 San Francisco, CA.
What is the asking price?
The asking price for this property is $7,497,000.
What are key features of this property?
This property features: Significant Rent Upside: In‑place rents at $22/SF vs. market rents at $39/SF.; Massive Value Upside: Offered at $153/SF, a compelling price relative to comparable properties.; Future Value Potential: 8,690 SF unfinished basement for additional income potential.
