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Investment Highlights

  • 3 Fully rented units with 1 unwarranted Studio
  • Easy access to public transit.
  • Outdoor space. Garage for 1 car or 2 small cars

Executive Summary

Welcome to 1608 Folsom Street a well-maintained and fully occupied 3+1 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.

Property Facts

Price $2,075,000
Price Per Unit $691,667
Sale Type Investment
Cap Rate 4.93%
Sale Condition 1031 Exchange
Gross Rent Multiplier 13.38
No. Units 3
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Low-Rise
Building Size 4,185 SF
Average Occupancy 100%
No. Stories 3
Year Built 1914
Parking Ratio 0.48/1,000 SF

Amenities

Unit Amenities

  • Balcony
  • Heating
  • Bay Window
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • Hardwood Floors
  • High Speed Internet Access
  • Basement
  • Deck
  • Double Pane Windows
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
60/100
  • Listing ID: 40011501

  • Date on Market: 4/2/2026

  • Last Updated:

  • Address: 1608 Folsom St, San Francisco, CA 94103

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