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Listed price in listed location currency (USD).
$3,130,000

000

MLS® 426112305

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes 
Days Active 0
Lot Size 0.078 acres
Approx. Age 1916
MLS® Number 426112305

Property Address: 1582 Folsom Street, San Francisco, CA, 94103

Average square foot calculated using Size range provided by listing agent.

Description

1586 Folsom Street is home to the original Hamburger Mary's location, a well-known San Francisco institution that helped define the city's vibrant nightlife and LGBTQ+ entertainment scene. This property features 10 residential units (6 one-bedrooms and 4 studios) above a large bar and restaurant space, totaling 9, 300 square feet with significant frontage along both Folsom Street and 12th Street. Located in the heart of SOMA, the property benefits from strong tenant demand and close proximity to major employment centers, transit, restaurants, and nightlife. Most residential units have been renovated, and the property offers additional upside with banked rents projected to exceed $1, 200 per month. There are also years of accumulated banked rent increases available under San Francisco Rent Ordinance guidelines, providing a clear path for future income growth. If these banked increases are fully implemented, the property is projected to achieve a GRM of 9.52 and a cap rate of 6.85%.
MLS® Number426112305
Laundry Level
Central VacNo
FireplaceNo
Acreage0.078
Exterior
GarageNo
Approx. Age1916
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 16, 2026List Date
$3,130,000List Price
  • Commute

Commute

Starting Address
Destination Address
1582 Folsom Street, San Francisco, CA

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