136 Rae Avenue, San Francisco, CA 94112, San Francisco, 94112 - 2 bed, 1 bath
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136 Rae Avenue
San Francisco, CA 94112
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,225Sq Ft
3,119Lot Size
Property Price
LIST PRICE$899,000
EST. MARKET VALUE
$964,705
6% BelowMARKET VALUE
SUMMARY
This Marina-Style Single-Family Residence presents a Strong Value Opportunity with a List Price of $899,000—positioned well below the $964,706 Fair Market Value by 6%. This valuation gap offers $65,706 in Instant Equity. Featuring a flexible lower level and a deep 30' x 104' lot, the property has a Condition Rating of 5, requiring renovation to maximize its potential. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a high-upside project in a prime commuter location.
Estimated Market Value
$964,705+$65,705 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 136 Rae Avenue Subject 2 bd · 1 ba · 1,225 sqft · $788 | $899,000* List Price | 2 | 1 | 1,225 | $788 | - |
A 25 Farallones Street Sold 3 bd · 2 ba · 1,020 sqft · $707 · 0.3 mi | $721,000 | 3 | 2 | 1,020 | $707 | 0.3 mi |
B 841 Ocean Ave Sold 2 bd · 1 ba · 1,362 sqft · $609 · 0.8 mi | $830,000 | 2 | 1 | 1,362 | $609 | 0.8 mi |
C 115 Navajo Avenue Sold 0 bd · 1 ba · 1,250 sqft · $760 · 0.7 mi | $950,000 | 0 | 1 | 1,250 | $760 | 0.7 mi |
D 900 Madrid Street Pending 2 bd · 1 ba · 1,264 sqft · $710 · 0.7 mi | $898,000 List Price | 2 | 1 | 1,264 | $710 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1928 and held by the same owner for over 30 years, the home shows significant age with a kitchen and interior finishes (like wood paneling) that appear to be 30-50 years old. The listing explicitly states the property 'needs TLC' and advises bringing a contractor, indicating that major systems and cosmetic rehab are required.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
- Versatile Living Space
The property features a flexible lower level with two additional bedrooms and a full bathroom, offering excellent potential for rental income, a home office, or multi-generational living.
- Strategic Commuter Location
Ideally situated in the Outer Mission, the home provides convenient access to BART, Muni, and major freeways, making it a prime choice for Bay Area commuters.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The home is explicitly listed as needing 'TLC,' indicating that immediate capital investment and contractor work will be required to address its current condition.
- Permit Uncertainty
The additional living areas on the lower level require buyer verification of permits with the SF DBI, which may present challenges for financing or legal occupancy status.
About 136 Rae Avenue
Rare 4-Bedroom Marina-Style Home with Flexible Layout in Outer Mission! Held by the same owner for 32 years, this classic Marina-style single-family home sits on an expansive 30' x 104' lot and offers exceptional scale, space, and upside. The upper level (approx. 1,225 sq. ft.) features a traditional layout centered around a large living room, formal dining room, and a spacious kitchen with an adjacent breakfast room. Two well-proportioned bedrooms anchor this floorone looking out toward the front entry and the other facing the rear garden. The flexible lower level expands the home's living options significantly, featuring two additional bedrooms, a full bathroom, and a massive living and dining areaideal for extended family, guest accommodations, a home office hub, or future rental configuration (buyer to verify permits and options with SF DBI). While the home needs TLC, its flexible layout, deep lot, and prime commuter location offer immense potential. Minutes from BART, Muni, freeway access, and the tennis and basketball courts at Cayuga Park. Bring your contractor and vision to maximize this multi-level Outer Mission gem!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 3,119 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Francisco Unified Schools
Longfellow Elementary School
Grades K-5 • 0.1 mi
3/10
George Washington Elementary School
Grades K-5 • 0.3 mi
3/10
Guadalupe Elementary School
Grades K-5 • 0.8 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,225 | 1,757.739 |
| Lot Size | 3,119 | 2,673.006 |
| Price | $899.0K | $1.97M |
| Price per sq ft | $734 | $1.2K |
| Built year | 1928 | 1931 |
| HOA | $0 | $176 |
| Days on market | 15 | 45 |
Pricing History
Listed for Sale
Oct 9, 2026
$899,000
Initial Listing
Sold
Apr 26, 1994
$236,500
Public Record