Property Details
About this Property
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.
MLS Listing Information
MLS #
SF426112305
MLS Source
San Francisco Association of Realtors® MLS
Days on Site
14
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 11 | 0 | 11 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1582 Folsom St is a Residential Income in San Francisco, CA 94103. This 0 square foot property sits on a 3,397 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,130,000 and was built in 1916. This address can also be written as 1582 Folsom St, San Francisco, CA 94103.
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This listing information is up-to-date as of March 18, 2026. For the most current information, please contact Matthew Sheridan, (415) 727-1271
