16th Street — Duboce Triangle
Strategic acquisition and value-add renovation near BART transit
The Opportunity
Located steps from 16th Street BART station, this property offered exceptional transit accessibility but suffered from dated finishes and suboptimal unit configurations. The building had been under-managed for years, with below-market rents and deferred maintenance.
Our Approach
Blok Capital recognized the transit-oriented value and acquired the 6-unit building for repositioning. Our team executed a comprehensive renovation focused on modernizing units while enhancing transit-friendly appeal. Each unit received updated kitchens, bathrooms, and flooring, with layouts optimized to create 12 bedrooms.
Scope of Work
- Full unit renovations
- Kitchen and bathroom modernization
- Floor plan reconfiguration
- Bike storage installation
- Common area upgrades
- Building systems updates
The Results
The renovated building now commands premium rents reflecting its transit-oriented location. Occupancy has remained at 100% since lease-up, with strong demand from tech workers commuting throughout the Bay Area.
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