
San Francisco, CA 94117
This Residential Income Duplex is a High-Potential Investment Opportunity, listed at $2,800,000—positioned slightly above the $2,776,031 Fair Market Value. Featuring a Condition Rating of 4, this seismically retrofitted brick building offers 5,710 sqft of industrial-style space with a private roof deck and central outdoor patio. With a potential rent control exemption and $9,800 in monthly income, this asset provides significant upside for Buy-and-Hold Investors or Owner-Occupants seeking a unique NOPA property near top-rated schools.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1355 Grove Street Subject 5 bd · 3 ba · 5,710 sqft · $486 | $2,800,000* List Price | 5 | 3 | 5,710 | $486 | - |
A 268-272 Frederick Street Active 7 bd · 0 ba · 4,635 sqft · $518 · 0.7 mi | $2,400,000 List Price | 7 | 0 | 4,635 | $518 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was converted to residential use in 1988, making the interior renovations and primary systems approximately 36 years old. While the building has been seismically retrofitted and remains functional as a high-income rental, the age of the conversion exceeds the 20-year threshold for 'Fair,' suggesting that kitchens, baths, and finishes are dated and will eventually require modernization.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Originally an automotive garage, this seismically retrofitted brick building offers over 5,700 sqft of space featuring high ceilings and exposed brickwork, providing a rare and highly desirable industrial aesthetic.
Situated just half a block from the Divisadero corridor, the property boasts an exceptional walk score with immediate access to San Francisco's premier dining, shopping, and neighborhood amenities.
The exemption from the San Francisco Rent Ordinance is not guaranteed and relies on seller belief, necessitating extensive and potentially costly legal due diligence by the buyer.
With both units currently occupied and generating $9,800 in monthly income, immediate owner-occupancy or major renovations may be complicated by existing lease agreements.
1355 Grove Street is a unique NOPA property originally constructed as an automotive garage in 1915 and converted to residential use in 1988. The seismically retrofitted brick building now consists of two distinctive residences and a large garage space. Throughout the property, exposed brickwork, high ceilings, and original architectural elements create an industrial feel while maintaining the warmth and charm of the building's historic character. The front residence is a one-bedroom unit with an open-concept floor plan. The first level features high ceilings, exposed beams, and brick walls, while the second level contains the bedroom with direct access to a private roof deck. This unit is currently rented for $3,800 per month. The rear residence is an expansive four-bedroom, two-bathroom unit that lives much like a single-family home. Arranged over two levels, the upper floor includes the primary suite, an additional bedroom or office, and a bathroom. The main level features a large open-concept kitchen and living area with high ceilings, exposed brick, and a distinctive industrial character. The living room opens directly to a central outdoor patio, creating a private outdoor space at the heart of the home. Two additional bedrooms on this level also open directly to the patio. This unit is rented for $6,000 per month. The sellers believe that, based on the Certificate of Occupancy being issued in 1989, the property is not subject to the San Francisco Rent Ordinance. Buyers should investigate and confirm this matter to their own satisfaction. Located just half a block from the Divisadero corridor, 1355 Grove Street offers immediate access to the neighborhood's extensive selection of restaurants, cafs, shops, and amenities. Its combination of historic brick construction, distinctive residential spaces, private outdoor areas, and substantial garage space makes this a truly unique NOPA property.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.6 |
| Baths | 3.0 | 4.0 |
| Square foot | 5,710 | 3,221.149 |
| Lot Size | 3,781 | 2,766.255 |
| Price | $2.80M | $2.13M |
| Price per sq ft | $490 | $697 |
| Built year | 1915 | 1925 |
| HOA | $0 | $0 |
| Days on market | 24 | 53 |
Sep 30, 2026
$2,800,000
Initial Listing