1278 Thomas Ave, San Francisco, CA 94124, San Francisco, 94124 - 0 bed, 2 bath
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San Francisco, CA 94124
This Contractor Special represents a high-potential development asset with a List Price of $1,750,000, positioned near its $1,675,000 Fair Market Value. The value is driven by the rare 5,000 sqft triple-lot and a substantial 2,952 sqft interior footprint, offering a massive canvas for value-add potential and high ROI. Despite its Dilapidated Condition Rating, the property’s location near top-tier institutions like Lowell High School (10/10) and Chinese Immersion School (9/10) ensures strong terminal value. This is a strategic acquisition for Fix-and-Flip Investors or Developers ready for a full-scale San Francisco reconstruction.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1278 Thomas Ave Subject | $1,750,000* List Price | 0 | 2 | 2,952 | $567 | - |
A 1278 Thomas Ave Active | $1,500,000 List Price | 0 | 2 | 2,952 | $508 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1938 'Contractor Special' is in dilapidated condition and described as needing a total overhaul. Images and listing details confirm boarded-up windows, exposed structural framing in the garage/interior, and a complete lack of modern or functional kitchen and bathroom facilities. It requires substantial rehabilitation and system replacements to be habitable.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Situated on an expansive 5,000 sqft lot encompassing three parcels, this property offers a rare opportunity for significant expansion, subdivision, or a multi-unit development project in San Francisco.
At nearly 3,000 square feet, the existing structure is significantly larger than the neighborhood average, providing a massive canvas for a high-end luxury renovation or a spacious multi-generational floor plan.
The property is a total fixer-upper that 'needs everything,' requiring a buyer with significant liquid capital and a comprehensive team to handle a full-scale gut renovation or rebuild.
With a list price of $1.75M for an 'as-is' structure requiring total replacement, the high initial acquisition cost may tighten profit margins for developers once construction and permitting costs are factored in.
Contractor Special with so much Potential !!! BIGGER than it looks & Presents a Wonderful OPPORTUNITY for Upgrading / Rebuilding. This FIXER/Upper Home Sitting in a Spacious 3 LOTS, Needs Everything, but well worth the effort to bring it back to it's original Condition and Beyond. Bring your Contractor, Architect and Imagination! The Opportunities are Endless for this Piece of Real Estate ! Property Selling "AS IS"
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 7% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,952 | 1,447 | 97% |
| Lot Size | 5,000 | 2,495.99 | 97% |
| Price | $1.75M | $934.0K | 97% |
| Price per sq ft | $593 | $660 | 47% |
| Built year | 1938 | 1951 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 175 | 186 | 37% |
Oct 29, 2025
$1,750,000
Initial Listing
Nov 30, 2020
$750,000
Public Record
Oct 31, 2000
$335,000
Public Record