238-242 Alma Street, San Francisco, CA 94117, San Francisco, 94117 - 5 bed, bath

238-242 Alma Street
San Francisco, CA 94117
Property Price
SUMMARY
Analysis of 238-242 Alma Street, San Francisco, CA 94117 is currently available with a list price of $3,185,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Francisco Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property features a detached rear residence built in 2019 and a front duplex that has been extensively renovated to modern standards. The interiors boast high-end finishes, including contemporary kitchens with premium appliances, updated bathrooms with modern fixtures, and hardwood flooring throughout. With the rear unit being less than 10 years old and the front units showing no signs of deferred maintenance, the property meets the criteria for excellent condition.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Multi-Unit Layout
The property features three vacant units across two separate buildings, including a modern detached home, offering exceptional flexibility for owner-users, multi-generational living, or high-yield investment.
- Prime Cole Valley Location
Situated just steps from the vibrant Cole Street corridor and Golden Gate Park, the property boasts a high walk score with immediate access to top-tier cafes, boutiques, and restaurants.
- Modern Rear Residence
The detached two-story rear home, built in 2019, provides a sleek contemporary living space with a private patio and a rare two-car garage, significantly enhancing the property's marketability.
CONSRISKS & DEFICIENCIES
- Potential TIC Complexity
As the units are also being marketed as individual TICs, buyers of the entire building may face a more complex resale or financing environment compared to traditional multi-unit properties.
- Maintenance of Vintage Structure
The front duplex dates back to 1921, which may necessitate ongoing maintenance and upgrades to its older systems and structural elements compared to the modern 2019 rear unit.
About 238-242 Alma Street
This exceptional property on Alma Street represents a rare opportunity to own a vacant, versatile, multi-unit building in the heart of Cole Valley. Blending classic San Francisco charm with modern design, the property offers flexibility for an owner-user, an extended family, or an investor seeking strong rental income in a prime location. Just steps from the vibrant Cole Street corridor, this compound-like home enjoys easy access to neighborhood cafs, restaurants, boutiques, and Golden Gate Park. The property consists of three distinct residences in two separate buildings. The front duplex offers a lower 1 bedroom / 1 bathroom unit, as well as an upper, light-filled, open-floor-plan two-bedroom plus office/one-bathroom unit. Tucked privately behind the duplex is a modern 2019 construction detached, two-story residence that lives like a standalone home. This incredible home benefits from sleek design and offers 2 bedrooms / 2 bathrooms, an office, a spacious outdoor patio, and two-car garage parking. With its desirable mix of 1 and 2 bedroom residences and a sought-after location, this property offers an incredible opportunity to live or invest in Cole Valley. Also being sold as individual TIC's: 238,240 and 242.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1921
- Lot Size
- 3,001.284 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 5.0 | 50% |
| Baths | - | 2.0 | 47% |
| Square foot | 3,425 | 3,367 | 58% |
| Lot Size | 3,001.284 | 2,614 | 68% |
| Price | $3.19M | $2.00M | 74% |
| Price per sq ft | $930 | $558 | 84% |
| Built year | 1921 | 1904 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 170 | 5% |
Pricing History
Listed for Sale
Mar 3, 2026
$3,185,000
Initial Listing

























































