
San Francisco, CA 94103
This High-Potential Investment Opportunity is a 4,376sqft flex-use commercial building listed at $2,100,000—positioned well below the $2,167,281 Fair Market Value by 3%. This valuation gap offers $67,281 in Instant Equity. With a Condition Rating of 4, the property requires conversion to residential use, yet offers significant upside via its WMUG zoning and adjacent 2,187sqft paved lot. This is an ideal acquisition for Value-Add Investors or Developers seeking a strategic SOMA conversion 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 | $495 | - |
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, the property is a commercial flex building currently configured as an office. While functional and well-maintained, the kitchenette and bathrooms are dated (estimated 15-25 years old), and the interior features commercial-grade finishes like drop ceilings and office carpeting. As a residential listing, it requires significant updates and a full conversion to be considered a modern living space.
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 WMUG (Western SoMa Mixed Use-General) zoning and flex-use nature provide a rare opportunity for residential conversion or mixed-use development in a high-demand district.
The inclusion of an adjacent 2,187 sqft paved lot is a major value-add in San Francisco, offering rare off-street parking, expansion possibilities, or private outdoor space.
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.
Transforming this 1927 commercial structure into a residential home requires extensive verification of zoning and likely significant capital investment for seismic and habitability upgrades.
Currently configured as a commercial office, the property lacks essential residential amenities, featuring only one bathroom and a basic kitchenette for over 4,300 sqft of space.
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 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 4,376 | 1,711.807 |
| Lot Size | 2,188 | 2,637.135 |
| Price | $2.10M | $1.93M |
| Price per sq ft | $480 | $1.2K |
| Built year | 1927 | 1932 |
| HOA | $0 | $85 |
| Days on market | 100 | 48 |
Jun 1, 2026
$2,100,000
Initial Listing