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1608 Folsom St 3 Unit Apartment Building $1,950,000 ($650,000/Unit) 5.25% Cap Rate San Francisco, CA 94103
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 | $1,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $650,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.25% | Building Size | 4,185 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.38 | No. Stories | 3 |
| No. Units | 3 | Year Built | 1914 |
| Property Type | Multifamily | Parking Ratio | 0.48/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | M1 - Light Industrial District | ||
| Price | $1,950,000 |
| Price Per Unit | $650,000 |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.38 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 4,185 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1914 |
| Parking Ratio | 0.48/1,000 SF |
| Zoning | M1 - Light Industrial District |
Amenities
Unit Amenities
- Balcony
- Heating
- Bay Window
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Basement
- Deck
- Double Pane Windows
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Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 3515-011 | Improvements Assessment | $50,566 |
| Land Assessment | $19,603 | Total Assessment | $70,169 |
Property Taxes
Parcel Number
3515-011
Land Assessment
$19,603
Improvements Assessment
$50,566
Total Assessment
$70,169
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Contact the Sale Advisor
1608 Folsom St