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255 5th Avenue, San Francisco, CA 94118, San Francisco, 94118 - 7 bed, 3 bath

255 5th Avenue, San Francisco, CA 94118 home-pic-0
ACTIVE$2,300,000$3,312/sqft
255 5th Avenue, San Francisco, CA 94118
7Beds
3Baths
3,312Sqft
3,001.28Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Location: Situated in San Francisco's highly desirable Richmond District, offering vibrant dining, classic charm, and proximity to Golden Gate Park, public transit, and amenities.
Top Cons:
Historic Building Age: Built in 1904, the property's age, despite recent upgrades, may still present challenges related to older infrastructure (e.g., plumbing, foundation) or require ongoing specialized maintenance.

Compared to the nearby listings

Price:$2.30M vs avg $1.80M (+$500,000)68%
Size:3,312 sqft vs avg 3,330 sqft47%
Price/sqft:$694 vs avg $68153%

More Insights

Built in 1904 (122 years old).
Condition: Despite being built in 1904, the property has undergone extensive and recent renovations. Two of the three units are explicitly stated as 'fully remodeled,' which is evident in the images showcasing brand-new, modern kitchens with stainless steel appliances, sleek cabinetry, and quartz countertops. The bathrooms are also completely updated with contemporary fixtures, vanities, and tiling. Furthermore, the listing highlights significant capital improvements to the building's infrastructure, including a complete electrical upgrade, a new roof, new siding, and a new rear retaining wall, all of which contribute to an 'excellent' condition score, indicating virtually new components meeting current quality standards.
Year Built
1904
Close
-
List price
$2.3M
Original List price
-
Price/Sqft
$694
HOA
$0
Days on market
-
Sold On
-
MLS number
426095907
Home ConditionExcellent
Features
Deck
Patio
View-

About this home

253-255 5th Avenue features three large flats located in San Francisco's Richmond District, on 5th Avenue between Clement Street. This highly desirable neighborhood is known for its vibrant dining scene, classic San Francisco charm, close proximity to Golden Gate Park, and convenient access to public transportation, shopping, and everyday amenities. 253 5th Avenue (Top Floor) is a spacious 3-bedroom, 1-bath unit and is currently occupied. 253A 5th Avenue (Second Floor) offers 2 bedrooms, 1 bath plus an office nook, is vacant, and has been fully remodeled, with washer and dryer hookups. 255 5th Avenue (First Floor) features 2 bedrooms, 1 bath plus an office nook, has also been fully remodeled, and includes washer and dryer hookups. Each unit is separately metered for PG&E. The property has undergone significant capital improvements, including a complete electrical upgrade, a new roof, all-new building siding, and a new rear retaining wall. A brand-new flat backyard provides valuable outdoor space and future potential.

M
Morgan Thomas
Listing Agent
Condition Rating
Excellent
Despite being built in 1904, the property has undergone extensive and recent renovations. Two of the three units are explicitly stated as 'fully remodeled,' which is evident in the images showcasing brand-new, modern kitchens with stainless steel appliances, sleek cabinetry, and quartz countertops. The bathrooms are also completely updated with contemporary fixtures, vanities, and tiling. Furthermore, the listing highlights significant capital improvements to the building's infrastructure, including a complete electrical upgrade, a new roof, new siding, and a new rear retaining wall, all of which contribute to an 'excellent' condition score, indicating virtually new components meeting current quality standards.
Pros & Cons

Pros

Exceptional Location: Situated in San Francisco's highly desirable Richmond District, offering vibrant dining, classic charm, and proximity to Golden Gate Park, public transit, and amenities.
Strong Income Potential: A well-configured triplex with one unit currently occupied, providing immediate rental income and significant potential for two additional units.
Extensive Capital Upgrades: Major recent improvements including a complete electrical upgrade, new roof, new siding, and a new rear retaining wall, minimizing immediate capital expenditures for a new owner.
Modernized Interior Units: Two of the three flats (253A & 255) have been fully remodeled, featuring office nooks and washer/dryer hookups, enhancing tenant appeal and market value.
Operational Efficiency & Outdoor Space: Separately metered utilities for PG&E reduce landlord costs, complemented by a brand-new flat backyard offering valuable private outdoor space.

Cons

Historic Building Age: Built in 1904, the property's age, despite recent upgrades, may still present challenges related to older infrastructure (e.g., plumbing, foundation) or require ongoing specialized maintenance.
High Investment Threshold: The list price of $2.3 million represents a substantial investment, potentially narrowing the buyer pool in a competitive San Francisco market.
Occupied Unit Limitation: One unit is currently occupied, which could restrict a new owner's immediate flexibility for full renovation, owner-occupancy, or maximizing rental rates across all units simultaneously.
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