This post has been updated. 

SAN FRANCISCO – President Obama may not be able to get any votes in the 2016 presidential campaign, but he can sure rake in dollars for the contest.

Obama will headline his first fundraiser of the election cycle here Friday night, starting in California, a major source of the cash that's lined the Democratic coffers during his campaign and administration.

According to a DNC official, the president will attend a fundraiser at the San Francisco home of  Sandy and Jeanne Robertson, which boasted at least one Picasso and offered up sweeping views of San Francisco Bay, Coit Tower, the Golden Gate Bridge and Alcatraz. About 60 people attended the gathering in the city's Russian Hill neighborhood. Contributions started at $10,000.

Obama has made no secret of the fact that he does not like to raise money, but last year he was instrumental in getting the Democratic National Committee out of the red and into the black by headlining dozens of high-dollar fundraisers, many of them here in California. The president's party could still use some more of his help: According to a FEC filing, as of Dec. 31 the party owed $5.9 million.

"You got to feel in your gut that this is really important and put everything you got into it. That’s what I’m going to do -- despite having told Michelle that I’d already run my last campaign," Obama said at a DSCC fundraiser in Weston, Mass., in June, before the midterm vote. "It turns out I had to tell her I got one more left."

He may have another. Obama now has a legacy to maintain, and after Democrats got trounced in the midterm elections he is working to solidify that legacy with moves including the executive action on immigration and normalization of relations with Cuba. At the top of that list: working to keep a Democrat in the White House, one fundraiser at a time.

Obama acknowledged that Democrats had a "very challenging midterm" and wants to restore a "sense of possibility" in politics. That means challenging people who are practicing "the worst type of cynical politics" and, in other cases, working with Republicans.

"I've only got two years left, but two years is a long time, and two years is also the time in which we are going to be setting the stage for the next presidential election and the next 10 years of American policy," Obama said.

"So I intend to run through the tape and work really hard and squeeze every last little bit of change and improvement in the lives of ordinary Americans and middle class Americans that I can.''