1231 40th Avenue, San Francisco, CA 94122, San Francisco, 94122 - 3 bed, 2 bath
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San Francisco, CA 94122
This Versatile Dual-Unit Residence is a Strong Value Opportunity, listed at $1,195,000—positioned well below the $1,298,660 Fair Market Value by 7%. This valuation gap provides $103,660 in Instant Equity. The property maintains a Good Condition Rating, featuring a legal, vacant lower unit with separate meters, ideal for immediate rental income or multigenerational living. Located half a block from Golden Gate Park and served by Top-Rated Schools including Lowell High (10/10), the home includes rare four-car total parking. This is an ideal acquisition for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1231 40th Avenue Subject | $1,195,000* List Price | 3 | 2 | 1,800 | $713 | - |
A 1375 43rd Avenue Sold | $1,550,000 | 3 | 2 | 1,951 | $794 | 0.3 mi |
B 1222 36th Avenue Active | $1,450,000 List Price | 3 | 4 | 1,710 | $848 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1911, the property is well-maintained and features a move-in ready, legal secondary unit. Visuals show updated vinyl windows and laminate flooring, and the description confirms functional systems with separate gas/electric meters and dual water heaters, indicating significant updates within the 10-20 year range.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
The property features a legal, vacant lower unit with a separate entrance and independent utility meters, offering significant rental income potential or a perfect setup for multigenerational living.
Ideally situated just half a block from Golden Gate Park and within walking distance to Ocean Beach and the N Judah MUNI line, providing unparalleled access to recreation and transit.
Built in 1911, the property may require ongoing maintenance or modern updates to its century-old systems and structural components to meet contemporary standards.
The garage's tandem configuration requires coordinated vehicle movement, which may be less convenient for households with multiple active drivers or separate tenants.
Outer Sunset semi-detached home ideally situated just half a block from Golden Gate Park and approximately 1.5 blocks to the N Judah MUNI Line, as well as the vibrant shops and dining along both Irving and Judah Street and the scenic coastline of Ocean Beach. This prime location offers the perfect blend of convenience, recreation, and coastal living. The top level features a spacious and light-filled living room, formal dining area, and kitchen with breakfast area, along with a full bath and two generously sized bedrooms. Side stairs provide direct access to the yard, creating an easy indoor-outdoor flow. The ground level, with its own private side entrance, offers a fully independent and legal VACANT move-in ready one-bedroom, one-bath living space complete with a large family room and kitchen - ideal for owner use extended family or rental income. There's also direct access to the large flat yard from this level. The property is configured for flexibility with two separate addresses (1231 & 1231A), individual gas and electric meters, and two water heaters. Additional highlights include a large two-car tandem garage with ample storage and 1-2 car driveway parking. A fantastic opportunity for owner-occupants seeking supplemental income or multigenerational living in a highly desirable neighborhood.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,800 | 1,800 | 50% |
| Lot Size | 2,997 | 2,996.93 | 64% |
| Price | $1.20M | $1.86M | 7% |
| Price per sq ft | $664 | $1.2K | 4% |
| Built year | 1911 | 1939 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 173 | 2% |
Apr 29, 2026
$1,195,000
Initial Listing
Jul 31, 2012
$607,000
Public Record