2952-2960 Folsom St - Apartments FOR SALE


San Francisco, CA 94110- Mission
$3,400,000 USD
2952-2960 Folsom St, San Francisco, CA for Sale
$3,400,000 USD
Apartments - FOR SALE
1/1
null | 5.2% Cap Rate

2952-2960 Folsom St
San Francisco, CA 94110
Mission


HIGHLIGHTS

  • Approved plans to build 5 ADUs

OVERVIEW

2952-2960 Folsom Street & 69 Horace Alley is a two-building apartment complex on one lot in the highly desirable Mission District of San Francisco. The property comprises: 2952-2960 Folsom Street: An eight-unit apartment building featuring two-bedroom configurations, complemented by six on-site parking spaces. 69 Horace Alley: A versatile live/work space encompassing approximately 2,925 square feet. The property has undergone a soft-story seismic retrofit, ensuring compliance with San Francisco's soft story ordinance. Furthermore, approved plans are in place to develop three additional dwelling units (ADUs) at 69 Horace Alley and two ADUs at the Folsom Street building, significantly enhancing the property's value and income potential.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$402 USD /SF

# OF UNITS

8

PRICE/UNIT

$425,000

CAP RATE

5.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1904

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,475 SF

ZONING

RH-2

APN/PARCEL ID

6525-009

ASK ABOUT THIS PROPERTY

Dimitris DrolapasColdwell Banker Commercial RealtyMore Info

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Dimitris DrolapasColdwell Banker Commercial RealtyMore Info

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