228-230 4th Avenue, San Francisco, CA 94118, San Francisco, 94118 - 5 bed, 3 bath
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San Francisco, CA 94118
This two-unit Residential Income property presents a Strong Value Opportunity with a List Price of $1,200,000—positioned well below the $1,276,733 Fair Market Value by 6%. This valuation gap offers $76,733 in Instant Equity. Featuring a Condition Rating of 5, the building requires a full-scale rehab, offering significant upside for forced appreciation. Located near top-rated schools like Chinese Immersion School at Deavila and Roosevelt Middle, this is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a value-add project in a prime Inner Richmond location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 228-230 4th Avenue Subject | $1,200,000* List Price | 5 | 3 | 2,600 | $491 | - |
A 263-265 8th Avenue Active | $1,299,000 List Price | 4 | 2 | 2,320 | $560 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1900, this property is a classic fixer-upper requiring a full-scale rehab. The kitchen and bathrooms are severely outdated with missing appliances and visible wall damage. The interior shows significant wear, including cracked ceilings, peeling paint, and outdated electrical systems, aligning with the listing's description as a 'true value-add opportunity' for contractors.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Situated just steps from the vibrant Clement Street corridor, the property offers immediate access to diverse dining, boutique shopping, and the popular Sunday Farmers Market in a highly walkable neighborhood.
As a two-unit fixer-upper, this property provides a rare opportunity for investors or owner-occupiers to build substantial equity through a custom renovation tailored to modern market demands.
The property is marketed as a true fixer-upper, requiring a comprehensive overhaul and significant capital expenditure to address deferred maintenance and modernize the living spaces.
Dating back to 1900, the building likely requires specialized updates to century-old systems, including potential seismic retrofitting and electrical or plumbing upgrades common in vintage San Francisco structures.
Welcome to 228-230 4th Avenue, a two-unit building located just steps from Clement Street, offering convenient access to nearby shops, restaurants, and the Sunday Farmers Market. Situated in one of the neighborhood's most desirable pockets, this property presents significant renovation potential for a buyer or investor looking to update and customize the units to their own specifications. With two separate units, this fixer offers flexibility, whether as an income-generating investment, a live-in-one-rent-the-other setup, or a full renovation to create a customized home tailored to your vision. The building's layout and location provide a solid foundation for a range of possibilities. Contractors welcome. This is a true value-add opportunity for buyers ready to take on a renovation project in a prime location. Bring your vision and your team, 228-230 4th Avenue is ready for its next chapter.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,600 | - |
| Lot Size | 2,997 | - |
| Price | $1.20M | $2.06M |
| Price per sq ft | $462 | $729 |
| Built year | 1900 | 0 |
| HOA | $0 | $0 |
| Days on market | 34 | 62 |
Jun 18, 2026
$1,200,000
Initial Listing