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 Investment Opportunity with a List Price of $1,500,000—positioned well below the $1,560,000 Fair Market Value by 3%. This valuation gap provides $60,000 in Instant Equity for a full-scale reconstruction. Currently in Dilapidated Condition, the asset’s value is anchored by a rare 5,000 sqft triple-lot and a massive 2,952 sqft footprint. Located near elite schools like Lowell High (10/10), this is a strategic value-add acquisition for Fix-and-Flip Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1278 Thomas Ave Subject | $1,500,000* List Price | 0 | 2 | 2,952 | $528 | - |
A 1278 Thomas Ave Active | $1,750,000 List Price | 0 | 2 | 2,952 | $593 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1938 property is marketed as a 'Contractor Special' and 'Fixer/Upper' that 'needs everything.' Exterior images reveal boarded-up windows and significant deferred maintenance. The listing explicitly states the property is being sold 'as-is' and requires a total rehabilitation or rebuilding, indicating that all interior components—including the kitchen, bathrooms, and major systems—are likely non-functional or severely outdated.
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 is situated on a spacious lot spanning three parcels, offering a rare and substantial opportunity for expansion, rebuilding, or potential multi-unit development in a dense urban market.
With nearly 3,000 square feet of living space, this home is considerably larger than many neighboring properties, providing a massive footprint for a high-end custom reconfiguration.
The home is being sold in 'as-is' condition and 'needs everything,' requiring a buyer with significant liquid capital and a comprehensive construction team to address extensive repairs.
The immediate neighborhood elementary schools carry low ratings (1-2/10), which may limit the property's appeal to families relying on the local public school system.
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 Parcels 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 | $1.50M | $934.0K | 97% |
| Price per sq ft | $508 | $660 | 17% |
| Built year | 1938 | 1951 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 186 | 3% |
Mar 30, 2026
$1,500,000
Initial Listing
Nov 30, 2020
$750,000
Public Record
Oct 31, 2000
$335,000
Public Record