1608 Folsom Street, San Francisco, CA 94103, San Francisco, 94103 - 6 bed, 5 bath
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San Francisco, CA 94103
This Multi-Unit Residential Income Asset is a Prime Investment Opportunity, listed at $2,075,000—positioned well below the $2,144,053 Fair Market Value by 3%. This valuation gap provides $69,053 in Instant Equity. Maintaining a Condition Rating of 3, the property features four fully occupied units, rare on-site parking, and private decks and patios in SOMA. With proximity to top-rated schools like Lowell High and Claire Lilienthal, this turnkey building is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1608 Folsom Street Subject | $2,075,000* List Price | 6 | 5 | 4,185 | $512 | - |
A 1608 Folsom Street Active | $2,075,000 List Price | 6 | 5 | 4,185 | $496 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is well-maintained and move-in ready, featuring a blend of preserved historic character and significant modern updates. While the building dates to 1914, it includes recently renovated bathrooms with contemporary marble-style tiling and penny-round floors, updated stainless steel kitchen appliances, and the high-value addition of in-unit laundry. The exterior and common areas appear well-kept, and the units are fully functional with no immediate major renovations required.
Situated in the heart of South of Market, the property offers exceptional walkability to major tech offices, transit hubs, and vibrant nightlife, ensuring consistently high tenant demand.
The provision of on-site parking for up to three vehicles is a highly valuable and rare amenity in this dense urban neighborhood, significantly enhancing the property's marketability.
As a fully occupied building with well-maintained units and in-unit laundry, this property serves as a turnkey investment with strong existing rental income.
The inclusion of an unwarranted studio unit may present future legal compliance challenges, potential city intervention, or complications during financing.
Built in 1914, the property may require higher long-term capital expenditures for the maintenance or upgrading of aging structural and mechanical systems.
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.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 6.0 | 50% |
| Baths | 5.0 | 3.0 | 80% |
| Square foot | 4,185 | 3,656 | 60% |
| Lot Size | 2,187 | 2,000 | 60% |
| Price | $2.08M | $1.39M | 80% |
| Price per sq ft | $496 | $479 | 60% |
| Built year | 1914 | 1914 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 163 | 20% |
Apr 1, 2026
$2,075,000
Initial Listing