1626-28 Folsom Street
San Francisco, CA 94103 / South of Market, SF District 9, SAN FRANCISCO COUNTY
Updated duplex zoned residential & commercial to be delivered vacant. An upper 3-5 bedroom unit & a lower 2 bedroom unit + a commercial space, gives rare flexibility to have a home & business (office, retail, medical, art, child care, cannabis & light manufacturing are allowed). Commercial space can be up to 1400 s.f. There is a shared yard & a deck for the upper unit. Bright, tasteful units with in-unit laundry, new kitchens/baths and new appliances. Wiring for internet, cameras & a hot tub. 1-2 cars can fit in the garage & 1 outside. Strong SOMA rents are projected at $7,500 for the top, $5,500 for the lower & $3,000 for the commercial space ($192,000/year, 14.5 GRM, 5.4% cap rate). Duplexes can convert to condos after 1 year. Target, CVS, & Starbucks stores are coming at 1690 Folsom, bringing good foot traffic. Walk to the Mission & Hayes Valley a few blocks away. New homes are being built a block away, improving the neighborhood and property values. Nearby dispensary is closing.
Courtesy of Shaban Shakoori, Compass. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the San Francisco Association of REALTORS Multiple Listing Service. Real estate listings held by brokerage firms other than Vanguard Properties, Inc. are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information has not been verified, is not guaranteed, and is subject to change. Last Updated: 09/19/2019