2820-2824 Folsom Street, San Francisco, CA 94110, San Francisco, 94110 - 7 bed, 8 bath
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San Francisco, CA 94110
This Turnkey Triplex presents a High-Potential Investment Opportunity with a List Price of $3,999,000—positioned well below the $4,077,849 Fair Market Value by 1.9%. This valuation gap offers $78,849 in Instant Equity. Featuring an Excellent Condition Rating following a 2023 renovation, the asset includes Viking appliances and in-unit laundry. With tenants covering all utilities, this low-maintenance property is designed for Buy-and-Hold Investors and Passive Income Seekers prioritizing consistent cash flow in a high-demand market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2820-2824 Folsom Street Subject | $3,999,000* List Price | 7 | 8 | 4,848 | $825 | - |
A 2730 23rd Street Active | $2,998,888 List Price | 7 | 0 | 3,640 | $824 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent an extensive redesign and full renovation in 2023, placing it well within the <5-year renovation window for an Excellent rating. It features high-end modern finishes including Viking appliances, Hansgrohe fixtures, and Toto toilets. All major systems were upgraded, including central heating, dual-pane windows, and LED lighting, leaving no deferred maintenance.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Extensively redesigned in 2023 with premium finishes including Viking appliances, Hansgrohe fixtures, and Toto toilets, eliminating deferred maintenance and allowing for immediate premium rents.
The property features a highly favorable utility structure where tenants are responsible for all utilities, including trash, which significantly reduces owner expenses and protects cash flow.
At a list price of nearly $4 million for a triplex, the cost per unit is substantial, which may result in a lower capitalization rate compared to unrenovated value-add opportunities.
The immediate neighborhood public schools have low performance ratings (ranging from 1 to 3), which could be a deterrent for long-term family tenants despite the high-end interior finishes.
Fully renovated triplex offering strong, consistent cash flow in one of San Francisco's most dependable and high-demand rental markets. Extensively redesigned in 2023, the property was upgraded with a focus on maximizing rental performance, enhancing long-term durability, and supporting low-maintenance ownership. Unlike a typical multifamily asset, all three units feature thoughtfully selected modern finishes, efficient systems, and functional layouts designed to attract quality tenants and command premium rents. Each unit includes central heating, in-unit laundry, pre-wired Ethernet and coaxial connections, and a Ring camera system. Additional improvements include Viking appliances, Hansgrohe faucets and shower fixtures, Toto toilets, premium hardwood flooring, dual-pane windows, LG washers and dryers, and LED lighting throughout. Tenants are responsible for all utilities, including trash, which helps keep operating expenses low. With minimal day-to-day management required and no deferred maintenance to inherit, this property presents an exceptional investment opportunity!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 0.0 |
| Baths | 8.0 | 0.0 |
| Square foot | 4,848 | - |
| Lot Size | 3,063 | - |
| Price | $4.00M | $2.06M |
| Price per sq ft | $825 | $729 |
| Built year | 1900 | 0 |
| HOA | $0 | $0 |
| Days on market | 64 | 62 |
May 19, 2026
$3,999,000
Initial Listing
Aug 19, 2015
$1,720,000
Public Record