Shaban Shakoori, Broker, Lawyer, Landlord, Developer Homes and Apartment Buildings Throughout the Bay Area

NEW LISTING

1626-28 Folsom, SOMA Duplex

$2,800,000

Vacant, redone duplex zoned residential + commercial. Upper 3-5 bedroom unit & lower 2 bedroom unit + a commercial space suitable for office, retail, art, child care, cannabis, light manufacturing & other uses. Wiring for internet, alarm, cameras & a hot tub. 1+ car garage and 1 car outside. Rents projected at $7,500 for the top unit, $5,500 for the lower unit and $3,000 for the commercial space ($192,000/year, 14.6 GRM, 5.4% cap rate). Duplexes convert to condos on the fast track. Nearby cannabis store lost its lease. Target/CVS/Starbucks opening in November.