1626-28 Folsom Street

San Francisco, CA 94103 / South of Market, SF District 9, SAN FRANCISCO COUNTY

Map View
$2,800,000
MAP HERE
Parking
0
Type
Commercial
Year Built
1906
Sq. Ft.
3,696
MLS#
479423
Trans Type
Sale
Status
Active

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.

Park
0
SQFT
3696