2906 Folsom Street, San Francisco, CA 94110, San Francisco, 94110 - 4 bed, bath
2906 Folsom Street
San Francisco, CA 94110
Property Price
SUMMARY
Analysis of 2906 Folsom Street, San Francisco, CA 94110 is currently available with a list price of $1,800,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1900, this property shows significant age and wear. The kitchens are very basic and outdated with older appliances and worn hardwood flooring. While one bathroom appears to have a more recent, albeit basic, update, the overall condition of the units, particularly the kitchens and heavily worn hardwood floors throughout, indicates a need for substantial repairs and rehabilitation to meet modern standards. The property's age also suggests potential for outdated major systems (plumbing, electrical) requiring costly upgrades, as noted in the MLS analysis.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
- Significant Development Potential
The property comes with approved plans for a large 3,500+ sqft house with an Accessory Dwelling Unit (ADU), offering a clear path to substantial value creation and increased living space or rental income.
- Strong Income-Generating Asset
Currently configured as a 3-unit building (Triplex) with existing rental income, providing a solid foundation for cash flow and immediate returns for investors.
CONSRISKS & DEFICIENCIES
- Age of Building
Built in 1900, the property is very old, which typically implies potential for significant maintenance, structural issues, or outdated systems (plumbing, electrical) that may require costly upgrades.
- Potential Rent Control Limitations
One unit's listed rent ($1,026 for 2 Bed/1 Bath) is significantly below market rate for San Francisco, suggesting potential rent control restrictions that could limit immediate income optimization and tenant turnover flexibility.
- Substantial Capital Investment Required
While approved plans for expansion are a major strength, realizing the full potential of the property by building the large house and ADU will necessitate a considerable financial commitment and project management.
About 2906 Folsom Street
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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1900
- Lot Size
- 3,911.69 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Francisco Unified Schools
Chavez (Cesar) Elementary School
Grades K-5 • 0.3 mi
Moscone (George R.) Elementary School
Grades K-5 • 0.4 mi
Bryant Elementary School
Grades K-5 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 5.0 | 48% |
| Baths | - | 2.0 | 29% |
| Square foot | 2,800 | 2,800 | 50% |
| Lot Size | 3,911.69 | 2,596.18 | 81% |
| Price | $1.80M | $1.70M | 52% |
| Price per sq ft | $643 | $511 | 62% |
| Built year | 1900 | 1904 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 187 | 5% |
Pricing History
Listed for Sale
Jan 26, 2026
$1,800,000
Initial Listing
Sold
Dec 6, 2013
$1,300,000
Public Record
Sold
Feb 27, 2004
$479,000
Public Record