16 Virginia Ave
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16 Virginia Ave
5,100 SF 100% Leased Retail Building San Francisco, CA 94110 $1,895,000 ($372/SF) 4.20% Cap Rate
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
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,100 SF
Building Class
C
Year Built
1916
Price
$1,895,000
Price Per SF
$372
Cap Rate
4.20%
NOI
$79,625
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.93
Lot Size
0.04 AC
Zoning
NC-3 - Moderate Scale Neighborhood Commercial Transit District
Parking
3 Spaces (1.23 Spaces per 1,000 SF Leased)
Frontage
24 FT on Mission St
Amenities
- Bus Line
- Signalized Intersection
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (74)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5642-050 | Total Assessment | $2,392,920 |
| Land Assessment | $1,435,752 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $957,168 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5642-050
Land Assessment
$1,435,752
Improvements Assessment
$957,168
Total Assessment
$2,392,920
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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16 Virginia Ave
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