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1626 Folsom Street
San Francisco, California, United States

Parking

Garage.

Description

Updated duplex zoned residential & commercial delivered vacant. An upper 3-5 bedroom unit & a lower 2 bedroom unit + a big commercial space, gives rare flexibility to have a home & office (office, retail, medical, art, child care, cannabis & light manufacturing are allowed). There can be up to 7 bedrooms in one unit if desired. There is a shared yard & a deck for the upper unit. Bright, tasteful units with in-unit laundry, new kitchens/baths & 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). There is potential for a big roof deck with views. Buildings with one residential unit are not subject to rent control. Duplexes convert to condos in 1 year. Target, CVS, & Starbucks stores have been approved at 1690 Folsom; a nice change. 1 block to the Mission District, 3 blocks to Hayes Valley.

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Presented by

Compass San Francisco

Compass San Francisco
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Main: +1 415 738 7000
Fax: +1 415 738 7099

Location

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