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1608 Folsom Street, San Francisco, CA 94103, San Francisco, 94103 - 6 bed, 5 bath

1608 Folsom Street, San Francisco, CA 94103 home-pic-0
ACTIVE$2,075,000
1608 Folsom Street, San Francisco, CA 94103
6Beds
5Baths
4,185Sqft
2,186.71Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime SOMA Location: Located in the vibrant heart of SOMA, offering immediate access to trendy cafes, nightlife, artisan breweries, major tech offices, and dynamic city amenities, ensuring high tenant demand.
Top Cons:
Unwarranted Studio Unit: The presence of an unwarranted studio unit poses potential legal and financial risks, including code compliance issues, challenges with financing, or future legalization costs.

Compared to the nearby listings

Price:$2.08M vs avg $1.25M (+$825,000)67%
Size:4,185 sqft vs avg 4,185 sqft50%
Price/sqft:$496 vs avg $30967%

More Insights

Built in 1914 (111 years old).
Condition: Built in 1914, this property is described as well-maintained and fully occupied, indicating functionality. However, the interior images show dated aesthetics with dark wood trim, older light fixtures, and mixed flooring. While no kitchen or bathroom images are provided, the overall age and visible dated elements suggest these areas likely require updates to meet modern standards. The property analysis also highlights potential future capital expenditures for older systems (plumbing, electrical, roof), aligning with the 'Fair' criteria where major components are functional but outdated and may require minor updates or repairs.
Year Built
1914
Close
-
List price
$2.08M
Original List price
-
Price/Sqft
$496
HOA
$0
Days on market
-
Sold On
-
MLS number
425059656
Home ConditionFair
Features
Good View:
Deck
Patio
View-

About this home

Welcome to 1608 Folsom Street a well-maintained and fully occupied 4-unit building in a vibrant and highly accessible part of San Francisco. This property features three spacious 2-bedroom, 1-bathroom units, each offering a full kitchen, sit-in dining area, in-unit washer and dryer, and thoughtful layouts ideal for comfortable living. Additionally, there is an unwarranted studio unit, also fully rented, providing added income potential.Som e units include private outdoor balconies or patios, perfect for relaxing or entertaining. The property also offers on-site parking for up to 3 standard cars or 2 SUVs a rare and valuable amenity in the city. Located in the heart of SOMA, this property is just steps away from Trendy cafes, nightlife, artisan breweries, and major tech offices. Easy access to BART, Muni, and freeways makes commuting a breeze. With strong rental income and surrounded by some of the city's most dynamic amenities, 1608 Folsom is a smart addition to any investment portfolio.

Condition Rating
Fair
Built in 1914, this property is described as well-maintained and fully occupied, indicating functionality. However, the interior images show dated aesthetics with dark wood trim, older light fixtures, and mixed flooring. While no kitchen or bathroom images are provided, the overall age and visible dated elements suggest these areas likely require updates to meet modern standards. The property analysis also highlights potential future capital expenditures for older systems (plumbing, electrical, roof), aligning with the 'Fair' criteria where major components are functional but outdated and may require minor updates or repairs.
Pros & Cons

Pros

Prime SOMA Location: Located in the vibrant heart of SOMA, offering immediate access to trendy cafes, nightlife, artisan breweries, major tech offices, and dynamic city amenities, ensuring high tenant demand.
Strong Rental Income & Occupancy: A fully occupied 4-unit building with strong rental income, providing immediate cash flow and demonstrating proven market demand for its units.
Rare On-Site Parking: Features on-site parking for up to 3 standard cars or 2 SUVs, a highly valuable and rare amenity in San Francisco that significantly enhances tenant appeal and property value.
Desirable Unit Amenities: Units include in-unit washer and dryer, full kitchens, sit-in dining areas, and some with private outdoor balconies/patios, offering modern conveniences highly sought after by renters.
Excellent Transit Accessibility: Provides easy access to BART, Muni, and major freeways, making commuting effortless for residents and enhancing the property's attractiveness.

Cons

Unwarranted Studio Unit: The presence of an unwarranted studio unit poses potential legal and financial risks, including code compliance issues, challenges with financing, or future legalization costs.
Building Age & Capital Expenditures: Constructed in 1914, the building, despite being well-maintained, may require significant capital expenditures for updating older systems (e.g., plumbing, electrical, roof) in the near future.
Limited Lot Size: The relatively small lot size of 2,186.71 sqft offers limited outdoor common space and restricts potential for future expansion or additional amenity development.

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