114-116 22nd Avenue, San Francisco, CA 94121, San Francisco, 94121 - 6 bed, 0 bath
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114-116 22nd Avenue
San Francisco, CA 94121
ACTIVE
CONDITION: FAIR
6Beds
0Baths
3,250Sq Ft
2,187Lot Size
Property Price
LIST PRICE$1,980,000
EST. MARKET VALUE
$1,982,057
SUMMARY
This Two-Unit Residential Income Property represents a Strong Value Opportunity, listed at $1,980,000—positioned well below the $1,982,058 Fair Market Value by 0.1%. With a Condition Rating of 4, the property offers significant potential for modernization to capture long-term appreciation. Located in the prestigious Lake Street neighborhood, it features proximity to Top-Rated Schools like Stevenson Elementary and Lowell High. This versatile asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a multi-generational living arrangement in a prime San Francisco location.
Estimated Market Value
$1,982,057
Based on Realkey algorithm analyzing recent comparable sales in San Francisco.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 114-116 22nd Avenue Subject | $1,980,000* List Price | 6 | 0 | 3,250 | $610 | - |
A 526-528 22nd Avenue Sold | $1,951,000 | 5 | 0 | 3,170 | $615 | 0.5 mi |
B 467 22nd Avenue Sold | $1,575,000 | 4 | 4 | 3,180 | $495 | 0.5 mi |
C 171 23rd Avenue Sold | $2,125,000 | 5 | 2 | 3,220 | $660 | 0.1 mi |
D 546-548 17th Avenue Sold | $2,154,000 | 4 | 4 | 3,390 | $635 | 0.6 mi |
E 3126 Balboa Street Sold | $1,900,000 | 4 | 4 | 3,130 | $607 | 0.9 mi |
F 814-816 25th Avenue Sold | $2,120,000 | 4 | 2 | 3,100 | $684 | 0.8 mi |
G 2427 Cabrillo Sold | $2,167,750 | 0 | 0 | 2,990 | $725 | 0.8 mi |
H 322-324 29th Avenue Active | $2,550,000 List Price | 7 | 6 | 3,583 | $712 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1915, this property is well-maintained but significantly dated. While the main living areas feature preserved hardwood floors and original trim, the bathrooms, sunrooms, and basement systems show age exceeding 20-30 years. The listing's emphasis on 'potential' and 'future improvements' confirms it needs modernization and minor repairs to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Stevenson (Robert Louis) Elementary School (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
- Prime Lake Street Location
Situated in the prestigious Lake Street neighborhood near Sea Cliff, the property offers exceptional lifestyle appeal with proximity to the Presidio, China Beach, and the popular Clement Street retail corridor.
- Full Vacancy & Versatility
Delivered fully vacant, this two-unit building provides a rare opportunity for owner-occupiers or investors to immediately establish market-rate tenancies or pursue a multi-generational living arrangement without relocation hurdles.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Given the 1915 construction date, the property may require significant capital expenditure for seismic retrofitting and modernization of mechanical, electrical, and plumbing systems.
- Limited Outdoor Space
With the building footprint occupying most of the 2,187 sq. ft. lot, there is minimal private yard or garden space, which may be a drawback for buyers prioritizing outdoor entertaining.
About 114-116 22nd Avenue
Situated in the highly sought-after Lake Street neighborhood near Sea Cliff, this charming vacant two-unit traditional home blends classic San Francisco character with outstanding potential. Each unit offers a spacious living room with fireplace, formal dining room, kitchen, two bedrooms, full bathroom, toilet room, sunroom, laundry area, and abundant natural light throughout. With approximately 3,250 sq. ft. of living space on a 2,186 sq. ft. lot, the property features an expansive garage with interior access, comfortably accommodating two cars, along with ample storage and flexible space. The property presents exceptional potential for future improvements, making it an attractive opportunity for homeowners, investors, or those seeking to maximize long-term value. Ideally located just moments from China Beach, the Presidio, and the vibrant shops, restaurants, and cafs along Clement Street, this home offers an exceptional combination of location, lifestyle, and opportunity in one of San Francisco's most desirable neighborhoods. Don't miss this rare offering!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1915
- Lot Size
- 2,187 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Francisco Unified Schools
Alamo Elementary School
Grades K-5 • 0.2 mi
8/10
Sutro Elementary School
Grades K-5 • 0.6 mi
8/10
Argonne Elementary School
Grades K-5 • 0.8 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.8 |
| Baths | 0.0 | 4.0 |
| Square foot | 3,250 | 3,171.882 |
| Lot Size | 2,187 | 2,678.029 |
| Price | $1.98M | $2.08M |
| Price per sq ft | $609 | $709 |
| Built year | 1915 | 1925 |
| HOA | $0 | $0 |
| Days on market | 17 | 66 |
Pricing History
Listed for Sale
Aug 23, 2026
$1,980,000
Initial Listing