3355 Mission Street, San Francisco, CA 94110, San Francisco, 94110 - bed, bath
ACTIVE$1,895,000
3355 Mission Street, San Francisco, CA 94110
0Bed
0Bath
5,100Sqft
1,670Lot
Year Built
1916
Close
-
List price
$1.9M
Original List price
-
Price/Sqft
$372
HOA
$0
Days on market
-
Sold On
-
MLS number
424061577
Home ConditionExcellent
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $1.90M(80th), sqft - 5100(80th), beds - undefined(20th), baths - undefined(50th).
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. Renovation of all residential units and common areas was recently completed. Bathrooms have been updated with floor to ceiling tiling, and the soft-story seismic retrofit has been completed. The property is located in the heart of the Lower Mission CommercialCorridor, and is a walker's paradise with a walk score of 97 of 100. Neighborhood amenities include a Safeway grocery store and a variety of 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.
Nearby schools
2/10
Fairmount Elementary School
Public,•K-5•0.3mi
4/10
Serra (Junipero) Elementary School
Public,•K-5•0.4mi
1/10
Mission Education Center
Public,•K-5•0.5mi
2/10
Flynn (Leonard R.) Elementary School
Public,•K-5•0.6mi
3/10
Chavez (Cesar) Elementary School
Public,•K-5•0.9mi
3/10
Glen Park Elementary School
Public,•K-5•1.1mi
4/10
Bryant Elementary School
Public,•K-5•1.1mi
7/10
Alvarado Elementary School
Public,•K-5•1.2mi
6/10
King (Starr) Elementary School
Public,•K-5•1.4mi
9/10
Chinese Immersion School At Deavila
Public,•K-5•2.2mi
6/10
San Francisco Public Montessori School
Public,•K-5•3.5mi
/10
Chinese Education Center
Public,•K-5•3.7mi
2/10
Revere (Paul) Elementary School
Public,•K-8•0.6mi
3/10
Lick (James) Middle School
Public,•6-8•0.7mi
4/10
Buena Vista/ Horace Mann K-8
Public,•K-8•0.8mi
3/10
San Francisco Community Alternative School
Public,•K-8•1.3mi
6/10
Rooftop Elementary School
Public,•K-8•1.5mi
4/10
Everett Middle School
Public,•6-8•1.5mi
3/10
Carmichael (Bessie)/Fec
Public,•K-8•2.4mi
6/10
Aptos Middle School
Public,•6-8•2.6mi
7/10
Hoover (Herbert) Middle School
Public,•6-8•2.7mi
8/10
Yu (Alice Fong) Elementary School
Public,•K-8•2.9mi
9/10
Lawton Alternative Elementary School
Public,•K-8•3.9mi
9/10
Lilienthal (Claire) Elementary School
Public,•K-8•4.3mi
2/10
S.F. International High School
Public,•9-12•1.1mi
2/10
Marshall (Thurgood) High School
Public,•9-12•1.2mi
3/10
O'connell (John) High School
Public,•9-12•1.2mi
3/10
Mission High School
Public,•9-12•1.3mi
1/10
Downtown High School
Public,•9-12•1.6mi
6/10
Academy Of Arts And Sciences
Public,•9-12•1.6mi
9/10
Asawa (Ruth) San Francisco School Of The Arts, A Public School.
Public,•9-12•1.6mi
2/10
Jordan (June) School For Equity
Public,•9-12•1.6mi
7/10
Balboa High School
Public,•9-12•1.8mi
5/10
Burton (Phillip And Sala) Academic High School
Public,•9-12•1.8mi
2/10
Wells (Ida B.) High School
Public,•9-12•2.4mi
7/10
Wallenberg (Raoul) Traditional High School
Public,•9-12•2.9mi
7/10
Lincoln (Abraham) High School
Public,•9-12•3.3mi
10/10
Lowell High School
Public,•9-12•3.5mi
8/10
Galileo High School
Public,•9-12•4.2mi
7/10
Washington (George) High School
Public,•9-12•4.6mi
Price History
Date
Event
Price
08/01/24
Price Change
$1,895,000
02/23/21
Sold
$2,250,000
07/07/16
Sold
$2,000,000
Condition Rating
Excellent
Despite being built in 1916, the property has undergone a recently completed, extensive renovation of all residential units and common areas, including updated bathrooms with floor-to-ceiling tiling. A soft-story seismic retrofit has also been completed, indicating significant capital improvements. The common area hallway shown in images features modern wood-look flooring, fresh paint, and functional, updated lighting, suggesting that all renovated components are new or virtually new and meet current quality standards for this type of mixed-use SRO property.
Pros & Cons
Pros
Great Schools: Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Diverse Income Streams: The property is a mixed-use residential hotel comprising 15 SRO units, 1 retail storefront, and an unwarranted studio, providing multiple revenue sources for an investor.
Prime San Francisco Location: Located in the heart of the Lower Mission Commercial Corridor in Bernal Heights, a highly desirable and vibrant neighborhood known for its amenities and accessibility.
Exceptional Walkability & Transit Access: Boasts a 'Walker's Paradise' score of 97/100 with MUNI lines within a block and BART just 0.7 miles away, ensuring high tenant and customer appeal.
Recent Capital Improvements: Residential units and common areas have been recently renovated, including updated bathrooms, and a soft-story seismic retrofit has been completed, reducing immediate capital expenditure for a new owner.
Strong Local Amenities: Proximity to a Safeway grocery store, a variety of restaurants, and entertainment options enhances the property's attractiveness for both residential tenants and retail customers.
Cons
SRO Unit Management Complexity: Operating 15 Single Room Occupancy (SRO) units typically involves specific regulatory requirements and management challenges that differ from traditional residential rentals.
Unwarranted Studio: The presence of an 'unwarranted studio' could lead to potential legal and compliance issues, possibly requiring future legalization efforts or remediation.
Significant Price Reduction: The current list price of $1.895M is notably lower than its 2021 sale price of $2.25M, which may indicate market challenges or specific property issues warranting further due diligence.