
San Francisco, CA 94103
This Turnkey Live/Work Loft is a Strong Value Opportunity, listed at $998,000—positioned well below the $1,079,275 Fair Market Value by 7%. This valuation gap offers $81,275 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with high-end KitchenAid appliances and refinished hardwood floors, this historic Tehama Lofts unit provides a sophisticated, move-in ready environment. Its versatile layout is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a professional-grade SoMa residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 245 5th Street 103 Subject | $998,000* List Price | 2 | 2 | 1,566 | $637 | - |
A 229 8th Street 3 Sold | $1,100,000 | 1 | 2 | 1,585 | $694 | 0.5 mi |
B 1150 Folsom Street 2 Sold | $795,000 | 1 | 2 | 1,118 | $711 | 0.5 mi |
C 2 Mint Plaza 201 Sold | $865,500 | 2 | 2 | 1,229 | $704 | 0.2 mi |
D 2 Mint Plaza 502 Sold | $1,060,000 | 2 | 2 | 2,018 | $525 | 0.2 mi |
E 245 5th Street 106 Active | $1,099,000 List Price | 1 | 2 | 1,566 | $702 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the building dates to 1996, the unit has undergone high-end renovations within the last 5 years. It features a modern kitchen with brand-new KitchenAid appliances, refinished hardwood floors, updated lighting, and a spa-inspired bathroom with premium fixtures. The property is in mint, move-in ready condition.
With over 1,500 sqft of flexible space and a proven history of professional use, this loft is ideal for entrepreneurs or creatives seeking a seamless blend of residential and office environments.
Housed in the historic Tehama Lofts, the unit features soaring ceilings and an expansive open floor plan that delivers the dramatic volume and industrial character highly sought after in the SoMa district.
The property is move-in ready, boasting significant recent improvements including refinished hardwood floors, fresh interior paint, and a modernized kitchen equipped with premium KitchenAid appliances.
The monthly association fee of $804 is relatively high, which may impact the overall affordability and debt-to-income ratio for some prospective buyers.
Located on a busy corridor in SoMa, the property is subject to significant city noise and high-traffic surroundings, which may not appeal to those seeking a quiet residential atmosphere.
Welcome to 245 5th St #103, a dramatic 2BD/2BA live/work loft offering approximately 1,566 sqft in the iconic Tehama Lofts. Originally built as the historic Field-Ernst Envelope Factory and converted to boutique loft condominiums in 1996, this architecturally striking building blends industrial character with modern city living in the heart of SoMa. Featuring soaring ceilings and an expansive open floor plan, this home offers incredible volume, natural light, and an ideal layout for entertaining. The spacious living and dining areas flow seamlessly into the updated kitchen featuring premium KitchenAid appliances, including a never-used induction range. Recent upgrades include fresh interior paint, newly refinished hardwood floors, new kitchen lighting, and a statement pendant light over the dining area. The expansive primary suite offers exceptional flexibility, allowing for either an open loft-style configuration or a more enclosed and private retreat depending on your lifestyle needs. The spa-inspired primary bathroom features a premium TOTO toilet and luxurious ambiance. A generously sized second bedroom provides excellent flexibility for guests, office space, or creative use, while the full bathroom on the main level is perfectly positioned for guest use while entertaining. Additional conveniences include in-unit laundry, one-car parking, and a private storage locker. This versatile loft is ideal for both residential living and professional use. The current owner successfully operated a law firm from the unit, showcasing the flexibility of the live/work design. Ideally located near top restaurants, nightlife, shopping, museums, tech hubs, and public transportation, this is a rare opportunity to own a distinctive and beautifully updated loft in one of San Francisco's most vibrant neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,566 | - |
| Lot Size | 21,549 | - |
| Price | $998.0K | $1.27M |
| Price per sq ft | $637 | $1.1K |
| Built year | 1996 | 0 |
| HOA | $804 | $0 |
| Days on market | 78 | 62 |
May 5, 2026
$998,000
Initial Listing
Mar 6, 2017
$1,100,000
Public Record
Sep 25, 2012
$765,000
Public Record
Feb 9, 2005
$780,000
Public Record
Aug 2, 1999
$516,000
Public Record
Nov 19, 1996
$740,000
Public Record