1706 Grove Street, San Francisco, CA 94117, San Francisco, 94117 - 13 bed, 0 bath
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1706 Grove Street
San Francisco, CA 94117
ACTIVE
CONDITION: EXCELLENT
13Beds
0Baths
6,383Sq Ft
2,439Lot Size
Property Price
LIST PRICE$3,295,000
EST. MARKET VALUE
$3,112,298
5% AboveMARKET VALUE
SUMMARY
This 7-unit Residential Income Asset represents a High-Potential Investment Opportunity, listed at $3,295,000—positioned above the $3,112,299 Fair Market Value. While priced at a premium, the property features a Condition Rating of 2, reflecting a turnkey status with recent seismic, fire alarm, and unit renovations. With market rents currently 60% above in-place levels, the building offers significant long-term revenue growth. Located in the prime Nopa neighborhood, this is a stable, low-maintenance acquisition ideal for Buy-and-Hold Investors or Portfolio Managers seeking immediate cash flow with substantial upside.
Estimated Market Value
$3,112,298
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 |
|---|---|---|---|---|---|---|
★ 1706 Grove Street Subject 13 bd · 0 ba · 6,383 sqft · $488 | $3,295,000* List Price | 13 | 0 | 6,383 | $488 | - |
A 1651-1655 Oak Street Pending 12 bd · 3 ba · 5,941 sqft · $421 · 0.3 mi | $2,500,000 List Price | 12 | 3 | 5,941 | $421 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property is a turnkey 7-unit building with recent renovations (2022-2023) featuring modern stainless, stone, and tile finishes. It includes updated building systems, completed seismic and fire alarm work, and a brand-new ADU, meeting the criteria for a high-end renovation under 5 years old.
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).
- Prime Nopa Location
Situated on a desirable corner lot just blocks from Alamo Square and the Panhandle, the property benefits from high tenant demand and proximity to Divisadero’s premier dining and retail corridor.
- Significant Rental Upside
With market rents estimated at 60% above current in-place rents, the property offers substantial long-term income growth potential for an investor looking to capture market rates over time.
CONSRISKS & DEFICIENCIES
- Rent Control Limitations
Due to San Francisco's stringent rent control regulations, the significant gap between in-place and market rents may take years to fully realize, depending on tenant turnover.
- Inconsistent Local School Ratings
Several assigned public schools in the immediate vicinity carry low performance ratings, which could potentially limit the appeal for long-term family tenants despite the spacious two-bedroom layouts.
About 1706 Grove Street
1706 Grove Street offers a rare chance to acquire a turnkey 7-unit corner apartment building in San Francisco's highly sought-after Nopa neighborhood, just blocks from the Panhandle, Alamo Square, and USF. Spanning 6,398 Sq Ft with abundant light on three sides, the property features six spacious two-bedrooms and one one-bedroom, in-unit laundry, and stainless, stone, and tile finishes throughout, plus a new ADU and two garages. Renovated units, updated building systems, completed seismic and fire alarm work, and low expenses make for easy ownership. Most units were leased in 2022 and 2023, and market rents run roughly 60% above in-place rents, leaving significant upside for a new owner. Divisadero's dining and retail nearby, the location supports strong, lasting tenant demand.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1916
- Lot Size
- 2,439 Sq. Ft.
Interior
- Total Bedrooms
- 13
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Francisco Unified Schools
New Traditions Elementary School
Grades K-5 • 0.3 mi
8/10
Chinese Immersion School At Deavila
Grades K-5 • 0.4 mi
9/10
San Francisco Public Montessori School
Grades K-5 • 1.4 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 13.0 | 4.6 |
| Baths | 0.0 | 4.0 |
| Square foot | 6,383 | 3,221.149 |
| Lot Size | 2,439 | 2,766.255 |
| Price | $3.29M | $2.13M |
| Price per sq ft | $516 | $697 |
| Built year | 1916 | 1925 |
| HOA | $0 | $0 |
| Days on market | 12 | 53 |
Pricing History
Listed for Sale
Oct 12, 2026
$3,295,000
Initial Listing
Sold
Sep 30, 2014
$2,150,000
Public Record
Sold
Jul 24, 2012
$1,835,000
Public Record