245 5th Street 105, San Francisco, CA 94103, San Francisco, 94103 - 1 bed, 1 bath
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San Francisco, CA 94103
This Industrial Loft Residence represents a Strong Value Opportunity, listed at $949,000—positioned well below the $960,041 Fair Market Value by 1%. This valuation gap offers $11,041 in Instant Equity. Featuring a Fair Condition Rating due to original 1996 finishes, the unit offers 1,566 sqft of flexible live/work space with a Rare Private Street Entrance. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique, historic SoMa asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 245 5th Street 105 Subject | $949,000* List Price | 1 | 1 | 1,566 | $613 | - |
A 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 moderate renovation needed.
The property was converted in 1996, making the systems and finishes approximately 28 years old. While the industrial aesthetic is well-maintained and functional, the kitchen and bathroom are original to the conversion and exceed the 20-year threshold for a 'Good' rating, placing it in the 'Fair' category due to age and dated finishes.
Housed in a 1932 factory conversion, the unit features original stained concrete floors, a steel staircase, and corrugated metal ceilings, offering a unique aesthetic that appeals to loft enthusiasts.
With 1,566 square feet of space and a large mezzanine level, the property provides significantly more volume and flexibility for a home office or creative studio than a standard one-bedroom condo.
The residence features a direct street entrance on Tehama, providing a level of privacy and convenience typically found in townhomes rather than traditional condominium buildings.
The association fee of $939 per month is relatively high for a one-bedroom unit, which may impact the overall affordability and monthly carrying costs for potential buyers.
The open mezzanine layout, while architecturally striking, lacks traditional walls and acoustic privacy, which may not suit buyers looking for a more conventional or secluded sleeping area.
Built in 1932 as the Field-Ernst Envelope Factory and converted in 1996, The Tehama Lofts stands as one of Yerba Buena's most distinctive loft conversions. Residence 105 offers a rare private street entrance directly on Tehama and approximately 1,566 square feet of flexible live/work space. A two-story wall of windows brings natural light into the main level. The original concrete floors carry a warm, stained finish, reflecting the building's industrial past and connecting the space to its history. The industrial kitchen features stainless steel countertops, a gas cooktop, and glass-front cabinetry, framed by a corrugated metal ceiling and opening directly onto the main living and dining space. A concrete and steel staircase leads up to an expansive open mezzanine level, defined by dark wood floors and offering flexible space for a bedroom, lounge, or home office. The bathroom is finished with white subway tile and a stainless steel floating vanity, with exposed metal shelving doubling as storage and design detail. A separate walk-in closet houses a stacked washer and dryer. Forced air heat and 1-car parking complete the home. Steps from Yerba Buena Gardens, Oracle Park, museums, dining, shopping, transit and SoMa's tech corridor, this is a piece of San Francisco's industrial history positioned at the intersection of culture and innovation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,566 | - |
| Lot Size | 21,549 | - |
| Price | $949.0K | $1.27M |
| Price per sq ft | $606 | $1.1K |
| Built year | 1996 | 0 |
| HOA | $939 | $0 |
| Days on market | 7 | 62 |
Jul 15, 2026
$949,000
Initial Listing
May 3, 2005
$760,000
Public Record
Jan 31, 1997
$300,000
Public Record