1855-1857 Pine Street, San Francisco, CA 94109, San Francisco, 94109 - 7 bed, 3 bath
ACTIVE$2,395,000
1855-1857 Pine Street, San Francisco, CA 94109
7Beds
3Baths
3,975Sqft
1,831Lot
Year Built
1900
Close
-
List price
$2.4M
Original List price
-
Price/Sqft
$603
HOA
$0
Days on market
-
Sold On
-
MLS number
425024279
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $2.40M(80th), sqft - 3975(90th), beds - 7(60th), baths - 3(60th).
Pride of Victorian period, 3-unit great condition and fantastic opportunity for apartment investors, future TIC or 1031 exchange. Top unit: 3 bedrooms plus sunroom/4th bedroom, split bath, living room with marble fireplace, high ceilings & Skylights. Middle unit: 2 bedrooms, one full bath, living room with fireplace, high ceilings. Lower level: one bedroom with open plan living room kitchen, remodeled split bath. Hardwood floors throughout all units. Great tenants. Fantastic location only a few blocks away from Lafayette Park. Van Ness Avenue, Japantown, Polk Gulch. and Pacific Heights. Close to transportation and Whole Foods only one block away.
Price History
Date
Event
Price
04/07/25
Price Change
$2,395,000
06/01/12
Sold
$1,545,000
10/19/04
Sold
$1,750,000
11/16/95
Sold
$365,000
Condition Rating
Fair
Built in 1900, this Victorian property retains much of its original charm with well-maintained hardwood floors, high ceilings, and period details like marble fireplaces. The bathrooms have been recently updated with modern subway tile, vanities, and fixtures, aligning with the 'remodeled split bath' mentioned in the description. However, the kitchen is significantly dated with light wood cabinets, tile countertops, and a tile backsplash, requiring a substantial renovation to meet current aesthetic standards. The heating system appears to consist of wall heaters, indicating an older, less efficient system compared to modern central HVAC. While the property is well-maintained for its age, the outdated kitchen and heating system prevent it from being considered 'Good' or 'Excellent' as it requires more than minor updates to key areas.
Pros & Cons
Pros
Income-Generating Asset: This triplex property is explicitly marketed as a 'Residential Income' opportunity with 'great tenants' already in place, providing immediate rental income for investors.
Prime San Francisco Location: Situated in a highly desirable area, just blocks from Lafayette Park, Van Ness Avenue, Japantown, Polk Gulch, and Pacific Heights, with excellent access to transportation and amenities like Whole Foods.
Historic Victorian Charm: A 'Pride of Victorian period' building from 1900, featuring classic architectural details such as marble fireplaces, high ceilings, skylights, and hardwood floors, appealing to buyers seeking character.
Versatile Investment Potential: Offers flexibility for various investment strategies, including apartment rentals, future Tenancy-in-Common (TIC) conversion, or a 1031 exchange, broadening its market appeal.
Diverse Unit Mix & Features: Comprises three distinct units (1-bed, 2-bed, 3-bed plus sunroom) with varied layouts and features like a remodeled lower bath, catering to a wide range of potential tenants.
Cons
Age-Related Maintenance/Upgrades: Built in 1900, the property, despite being in 'great condition,' may require substantial investment in updating older core systems (e.g., plumbing, electrical, roof, foundation) to meet modern standards or prevent future issues.
Limited Lot Size: The relatively small 1,831 sqft lot offers minimal outdoor space, which can be a significant drawback for tenants or future owner-occupants desiring private exterior areas in an urban setting.
Lack of Dedicated Parking: The property description does not mention any dedicated parking, which is a considerable disadvantage and value detractor for a multi-unit building in a dense San Francisco neighborhood.