Property Highlights

2059-2061 Mission Street is a thirty nine (39) unit mixed-use apartment building located be-tween 16th and 17th Street in the Mission District of San Francisco. The current ownership has owned this 3 story mixed-use apartment building for over 40 years. The Mission District boasts a dynamic and vibrant community and is known for its sunny and fog resistant micro-climate. Packed with trend-setting boutiques, upscale restaurants, old-school taquerias, low-key dive bars, and craft cocktail lounges and more. But its namesake is one of the city’s oldest icons, the 18th century Mission Dolores. For recreation the area is home to the 16-acre Mission Dolores Park, a popular green space that offers a perfect picnic location, people-watching and spectacular skyline views. For commuters, transportation is easy with BART and MUNI lines nearby, and convenient access to both highways (the property is located one block from 16th Street BART station).

Constructed in 1914 over a concrete foundation, the building is accessed through an impressive mirrored entryway that leads to a spiral staircase, and crowned by a unique skylight. The unit mix at 2059-2061 Mission Street consists of efficiencies, studios, one bedrooms, two bedrooms and commercial units. The apartments feature hardwood floors and vaulted ceilings. The bedrooms have domed lighting and ample closets. The kitchens have stainless steel sinks, wood cabinetry, gas stoves/ovens & vinyl tile flooring, while the bathrooms have vanity sinks with mirrored medicine cabinets and sliding glass tub/shower doors.

For an investor, this property provides the opportunity to acquire a well maintained mixed-use apartment building with substantial upside potential via renovating & leasing the vacant apartment units and through the growth of income on the ground floor commercial leases in the vibrant Mission District of San Francisco.