2040 Franklin Street 509, San Francisco, CA 94109, San Francisco, 94109 - 2 bed, 2 bath
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2040 Franklin Street 509
San Francisco, CA 94109
ACTIVE
CONDITION: POOR
2Beds
2Baths
1,177Sq Ft
14,332Lot Size
Property Price
LIST PRICE$850,000
EST. MARKET VALUE
$884,063
3% BelowMARKET VALUE
SUMMARY
This condo presents a High-Potential Investment Opportunity with a List Price of $850,000—positioned well below the $884,063 Fair Market Value by 3%. This valuation gap offers $34,063 in Instant Equity for buyers. Featuring a Poor Condition Rating due to dated interiors, the unit offers significant upside through kitchen and bath modernization. With over 300 square feet of private outdoor space and a prime location, this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build equity.
Estimated Market Value
$884,063+$34,063 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 |
|---|---|---|---|---|---|---|
★ 2040 Franklin Street 509 Subject | $850,000* List Price | 2 | 2 | 1,177 | $751 | - |
A 2040 Franklin Street 605 Pending | $1,050,000 List Price | 2 | 2 | 1,180 | $890 | - |
* 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 1966, the property is over 50 years old. While it features new flooring and paint, the listing explicitly states the kitchen and bathrooms need 'personal touches,' and images show a significantly dated bathroom with visible wear/staining. Since the core wet areas are original or over 30 years old and require a full rehab, it meets the 'poor' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Private Outdoor Space
The property boasts over 300 square feet of private outdoor space, including a rare 280-square-foot terrace, providing a significant lifestyle advantage in a dense urban environment.
- Prime Neighborhood Nexus
Ideally situated at the intersection of Pacific Heights, Cow Hollow, and Nob Hill, the location offers elite walkability to high-end shopping, dining, and iconic parks like Lafayette and Alta Plaza.
- Competitive Value-Add Opportunity
Priced well below neighborhood averages for a 2-bedroom unit, this condo offers significant equity-building potential for a buyer willing to modernize the kitchen and bathrooms.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The HOA dues of $1,616 per month are relatively high, which may deter budget-conscious buyers or impact the purchasing power of those sensitive to monthly overhead.
- Required Interior Modernization
While the unit features new flooring and paint, the kitchen and bathrooms are in original or dated condition, requiring additional immediate capital investment for a full renovation.
About 2040 Franklin Street 509
This condo presents a unique chance to embrace a refined urban lifestyle in one of The City's most desirable locations (at a price well below its neighbors). This 2-bedroom 2 bath apartment, has two private outdoor spaces totally over 300 square feet. One is over 280 square feet alone while the other overlooks the beautifully historic Haas-Lilienthal House. Back inside, the condo has new floors throughout and a fresh coat of paint, while the kitchen and bathrooms are ready for the new owners' personal touches. Jackson Tower is located at the intersection of Pacific Heights, Cow Hollow, Nob Hill, and Russian Hill and has something to offer for everyone. Shopping, restaurants, and bars are just a short walk to Polk, Fillmore, or Union. You're also just a few blocks from Lafayette Park and not too far from Alta Plaza, Moscone, Fort Mason, and the Presidio. The building's shared roof deck provides a great place to relax and enjoy a spectacular view of San Francisco. HOA dues cover water, garbage, heat, an onsite building manager, building security, and professional property management.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1966
- Lot Size
- 14,332 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1616 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,177 | 1,093.715 |
| Lot Size | 14,332 | 10,543.457 |
| Price | $850.0K | $1.21M |
| Price per sq ft | $722 | $1.1K |
| Built year | 1966 | 1989 |
| HOA | $1616 | $832 |
| Days on market | 58 | 69 |
Pricing History
Listed for Sale
Jul 13, 2026
$850,000
Initial Listing