2878 16th ST San Francisco, CA 94103 Active

UPDATED: 09/16/2026 02:47 AM ON SITE: 17 days on site

$7,500,000

12 Beds7,500 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,500 sqft

Price per Sqft $1,000

MLS Listing ID 426162788

Bedrooms 12

HOA Y/N No

Year Built 1908

Lot Size 3,079 Sqft

Acres 0.0707

Property Sub-Type Multi Family

Property Description

2874 16th Street is a fully renovated 10 unit apartment building in the heart of the Mission District. Following a fire in 2015, the property required extensive rehabilitation. The current owners have since completed an essentially ground up rebuild, with more than $3,000,000 invested in physical improvements and a certificate of completion issued in 2026. Major building components are new, including the foundation, roof, siding, windows, plumbing, electrical systems, and HVAC. All 10 units were remodeled in 2026 and feature forced-air heating and air conditioning in every room, including living areas. Each of the six two-bedroom apartments also features in-unit laundry, while four new ADU's were added as part of the extensive rebuild. All units are equipped with tankless water heaters, with gas separately metered and paid directly by tenants, helping to reduce owners utility expenses. The result is a highly improved, turn-key apartment building offering buyers modernized units, substantially new building systems, and limited near-term capital improvement requirements. Ideally positioned between the Mission District and Potrero Hill, the property offers excellent access to dining, public transportation, commuter shuttles to Google, Apple and Meta, and neighborhood amenities, making it especially attractive to today's professional renter in one of San Francisco's most vibrant and desirable rental locations.