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2403 16th Street, San Francisco, CA 94103, San Francisco, 94103 - 6 bed, bath

2403 16th Street, San Francisco, CA 94103 home-pic-0
ACTIVE$3,882,971
2403 16th Street, San Francisco, CA 94103
6Beds
0Bath
5,832Sqft
2,500.34Lot
Year Built
1909
Close
-
List price
$3.88M
Original List price
-
Price/Sqft
$666
HOA
$0
Days on market
-
Sold On
-
MLS number
425082046
Home ConditionPoor
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros.

Prime Commercial Mixed-Use Opportunity in the Heart of San Francisco Welcome to 2401-2403-2405 16th Street, an exceptional commercial mixed-use building ideally located in one of San Francisco's most dynamic and thriving neighborhoods. This condo-converted property offers a unique investment or owner-user opportunity, featuring two residential condominium units and one commercial condominium, all within a classic San Francisco faade that blends timeless architecture with modern flexibility. Property Highlights Three-unit mixed-use building Two residential condos ideal for owner occupancy or rental income One commercial condo offering excellent street visibility and foot traffic Fully condo-converted perfect for individual sales, leasing strategies, or long-term portfolio diversification Corner location on 16th Street, ensuring strong exposure and accessibility Residential Units Each residential condo offers bright, well-proportioned living spaces with the charm and character that define San Francisco homes. Ideal for end-users, investors, or those seeking live-work flexibility, these units benefit from a prime location near restaurants, shops, parks, and public transit. Commercial Unit The ground-floor commercial condo presents a versatile open layout.

Price History

Date
Event
Price
10/10/25
Price Change
$3,882,971
03/14/19
Sold
$1,032,500
Condition Rating
Poor
Built in 1909, this mixed-use property shows significant signs of age and deferred maintenance in critical areas. While one residential unit appears to have updated hardwood floors (Image 4), the commercial unit is presented as a shell requiring full build-out (Image 8). Crucially, the basement (Images 9, 10) reveals exposed, very old plumbing and electrical systems, indicating that major infrastructure components are outdated and likely require substantial repair or replacement. No images of kitchens or bathrooms for the residential units are provided, which are key indicators of condition, but the floor plan shows a very small bathroom. The overall condition suggests substantial repairs and rehabilitation are needed for major systems and at least one unit, aligning with a 'Poor' rating.
Pros & Cons

Pros

Prime San Francisco Location: Ideally situated in one of San Francisco's most dynamic and thriving neighborhoods, offering excellent street visibility, strong exposure, and convenient access to restaurants, shops, parks, and public transit.
Mixed-Use & Diversified Income Potential: A three-unit mixed-use building comprising two residential condominiums and one commercial condominium, providing multiple revenue streams and flexibility for owner occupancy or rental income.
Condo-Converted Status: Fully condo-converted, allowing for individual unit sales, flexible leasing strategies, and long-term portfolio diversification, enhancing investment versatility.
Versatile Opportunity: Presents a unique opportunity for owner-users, investors, or those seeking live-work flexibility, catering to a broad range of potential buyers.
Significant Size & Classic Charm: Boasts a substantial 5832 sqft of space within a classic San Francisco facade, blending timeless architecture with modern functional flexibility.

Cons

Age of Property & Potential for Undisclosed Upgrades: Built in 1909, the property may have original or outdated systems (electrical, plumbing, HVAC) that could require significant capital investment for modernization, which is not detailed in the description.
Inconsistent Listing Dates: The 'on_market_date' and 'modified_timestamp' are listed in the future (2025), indicating potential data entry errors or a pre-listing status that could cause confusion regarding the property's true market availability.
Unclear Common Area Management/Costs: The stated 'association_fee: 0' for a condo-converted mixed-use building is highly unusual and suggests a lack of formal common area management or potential for unallocated shared expenses, which could become a future burden for owners.

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