2906 Folsom Street, San Francisco, CA 94110, San Francisco, 94110 - 4 bed, 0 bath
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San Francisco, CA 94110
This Development-Ready Triplex Asset is listed at $1,800,000, representing a strategic acquisition aligned with its $1,713,228 Fair Market Value. Currently maintaining a Condition Rating of 4, the property offers significant value-add potential through approved plans for a 3,500+ sqft residence and ADU. The asset features a rare secondary revenue stream from six separate garages estimated at $2,400 monthly. Situated near elite schools like Lowell High School (10/10) and Chinese Immersion School (9/10), it ensures high rental demand. This is an ideal play for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2906 Folsom Street Subject | $1,800,000* List Price | 4 | 0 | 2,800 | $612 | - |
A 48 Sycamore Street Sold | $1,703,000 | 4 | 4 | 2,950 | $577 | 0.9 mi |
B 72-74 Cumberland Street Sold | $2,280,000 | 4 | 0 | 3,110 | $733 | 0.8 mi |
C 1206-1208 Utah Street Sold | $1,975,000 | 6 | 3 | 3,906 | $506 | 0.5 mi |
D 2225 Mariposa Street Sold | $1,285,000 | 4 | 1 | 1,821 | $706 | 1.0 mi |
E 1191 Guerrero Street Pending | $1,799,000 List Price | 4 | 0 | 2,680 | $671 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1900, this triplex is a well-maintained but aged property. While the kitchens have received some updates, including modern flat-panel cabinetry and stone countertops, the overall interior shows signs of wear consistent with its age, such as older hardwood flooring, dated carpeting on stairs, and original wood-sash windows. The listing's focus on approved plans for a 3,500+ sqft residence suggests that while functional and currently generating income, the property is a prime candidate for significant modernization or redevelopment to reach its full potential.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
The property includes six separate garages with an estimated monthly income of $2,400, providing a rare and substantial secondary revenue stream in a high-demand San Francisco neighborhood.
The sale comes with approved plans for a large 3,500+ sqft residence plus an ADU, offering immediate value-add potential and bypassing the notoriously difficult local permitting process.
One unit is currently rented at significantly below market value ($1,026), which may impact immediate yield and presents challenges related to San Francisco's strict rent control ordinances.
Built in 1900, the property likely requires significant ongoing maintenance and potential capital improvements to modernize systems and meet current seismic standards.
3 Unit Building, full Floor flat $3,800, 2 Bedroom 1 Bath $1,026, Studio Estimate $2,150, 6 Separate Garages, Garage Estimate $400 each - $2,400/monthly Approved Plans for Large House (3,500 +- sqft) With ADU Unit.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 5.0 | 47% |
| Baths | 0.0 | 2.0 | 29% |
| Square foot | 2,800 | 2,690 | 53% |
| Lot Size | 3,911.69 | 2,850 | 82% |
| Price | $1.80M | $1.80M | 50% |
| Price per sq ft | $643 | $517 | 59% |
| Built year | 1900 | 1908 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 86 | 230 | 6% |
Jan 26, 2026
$1,800,000
Initial Listing
Dec 6, 2013
$1,300,000
Public Record
Feb 27, 2004
$479,000
Public Record