1582 Folsom ST, San Francisco, CA 94103
1582 Folsom ST, San Francisco, CA 94103
1582 Folsom ST, San Francisco, CA 94103
1582 Folsom ST, San Francisco, CA 94103
1582 Folsom ST, San Francisco, CA 94103
1582 Folsom ST, San Francisco, CA 94103
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Wilson Leung

Wilson Leung

+1(650) 280-8888
Listed by Matthew C Sheridan Maven Commercial, Inc.
$ 3,130,000
Est. payment | /mo

3,397 Sqft Lot

Save
$ 3,130,000
Est. payment | /mo
Save

3,397 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 426112305

HOA Y/N No

Year Built 1916

Lot Size 3,397 Sqft

Acres 0.078

Property Sub-Type Multi Family

Property Description

Rare opportunity to acquire a historic corner mixed-use apartment building in the heart of San Francisco's resurgent South of Market neighborhood. The property consists of 10 residential units6 one-bedrooms and 4 studiospositioned above a large 3,300-square-foot bar and restaurant space, for a total of 9,300 square feet. Home to the original Hamburger Mary's, the building occupies an iconic place in San Francisco history and helped shape the city's vibrant nightlife and LGBTQ+ entertainment scene. With the ground-floor retail lease expiring next year, the property offers a compelling opportunity for an owner-user or investor to reimagine this highly visible commercial space with prominent frontage along Folsom and 12th Streets. Most residential units have been renovated with updated kitchens and bathrooms. Low operating expenses and substantial banked rentsif implementedindicate a GRM of 9.54 and a cap rate of 6.85%. Additional capital improvements include a completed seismic retrofit and fire alarm system upgrade.

Location

State CA

County San Francisco

Area Sf District 9

Interior

Fireplace No

Building

Lot Description Other

Level or Stories Three Or More

New Construction No

Others

Tax ID 3516018

San Francisco MLS - SFAR

Nearby School & Business

Wilson Leung

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA, 94030, United States

Get More Information

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from OWN Real Estate, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Quick Search for Homes