1620 Folsom Street, San Francisco, CA 94103, San Francisco, 94103 - 0 bed, 1 bath
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San Francisco, CA 94103
This High-Potential Investment Opportunity is a 4,376sqft Flex-Use Commercial Asset listed at $2,100,000—positioned well below the $2,170,297 Fair Market Value by 3%. This valuation gap offers $70,297 in Instant Equity. Featuring WMUG Zoning and an adjacent paved lot, the property offers significant residential conversion potential. With a Condition Rating of 4, the structure requires a full interior overhaul. This is an ideal acquisition for Value-Add Investors or Developers seeking a strategic SOMA project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1620 Folsom Street Subject | $2,100,000* List Price | 0 | 1 | 4,376 | $496 | - |
A 917 Bryant Street Active | $2,495,000 List Price | 3 | 2 | 4,125 | $605 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1927, this property is currently a commercial flex-space being marketed for residential conversion. While the interior appears well-maintained with a functional but dated office-style kitchenette and basic bathrooms, it requires significant updates to systems and a full residential build-out to meet modern living standards.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
The property features a 4,376 sqft flex-use building plus an adjacent 2,187 sqft paved lot with WMUG zoning, offering a rare opportunity for residential conversion or significant mixed-use expansion in a high-demand area.
Built in 1927, the structure boasts desirable industrial elements including high ceilings, exposed beams, and expansive window lines that flood both floors with abundant natural light.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2188, living area = 4376.
While marketed as a residential conversion opportunity, the buyer faces significant regulatory hurdles and high costs to verify and implement a change of use for a nearly century-old commercial structure.
The current layout is strictly configured for commercial use with only one bathroom and a basic kitchenette, requiring a total interior overhaul to meet standard residential living requirements.
1620-1622 Folsom Street presents a rare opportunity to acquire a two-story 4,376sqft flex use commercial building plus the adjacent 2,187sqft paved lot in the heart of the vibrant SOMA district with the potential for residential conversion, zoning and use to be verified by Buyer! Prominently positioned, the property benefits from excellent visibility, abundant natural light, and immediate proximity to major freeway access points, providing convenient connectivity throughout the Bay Area. Zoned WMUG -wsoma mixed use-general the building ground floor consists of large front open area and bathroom followed by a much larger high ceiling expansive meeting room with east facing window line and a double sliding door exit entry access to the adjacent paved lot. The second-floor window lines provide abundant natural light into the large main front office bullpen area. Jogging down the hallway is a kitchenette, utility closet & bathroom, 4 private offices, a conference room, and a large dedicated open area with exposed beams. Why chase an existing residential multiple offer scenario when you may be able to covert you dream home for less!
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 |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 4,376 | - |
| Lot Size | 2,188 | - |
| Price | $2.10M | $2.02M |
| Price per sq ft | $480 | $1.2K |
| Built year | 1927 | 0 |
| HOA | $0 | $0 |
| Days on market | 51 | 46 |
Jun 1, 2026
$2,100,000
Initial Listing