1626 Folsom Street, San Francisco, San Francisco County, CA 94103

$2,800,000 USD
Property Type
Comm/Ind
Lot Size
0.05 Ac
MLS Number
479423
Year Built
1906
Date Added
5 April 2019

Description for 1626 Folsom Street

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, and Starbucks stores have been approved at 1690 Folsom, bringing good foot traffic. Walk to the Mission and Hayes Valley a few blocks away. New homes are being built within one block, improving the neighborhood and property values.

Demographics in 94103top

Population

Total population 26,990
Male population 15,574
Female population 11,416
Median age 38.80

Households

Total households 14,046
Average people per household 1.84

Housing

Total housing units 16,179
Owner occupied 2,093
Renter occupied 11,953
Median year built 1974

Income

Median household income 49,052
Average household income 102,297

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Listing provided by San Francisco Association of REALTORS® on 05/29/2019

Disclaimer


Demographic data shown in this section was gathered from the 2017 American Community Survey and is deemed reliable but is not guaranteed.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.

Listing Agent

Shaban Shakoori

Shaban Shakoori

Compass

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