
San Francisco, CA 94127
This Spacious Balboa Terrace Residence presents a High-Potential Investment Opportunity with a List Price of $1,795,000—positioned well below the $2,238,015 Fair Market Value by 19%. This valuation gap offers $443,015 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires modernization but offers significant upside through its 2,760 sqft floor plan, western ocean views, and proximity to top-rated schools like Lowell High. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build long-term wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 309 San Fernando Way Subject 4 bd · 4 ba · 2,760 sqft · $811 | $1,795,000* List Price | 4 | 4 | 2,760 | $811 | - |
A 89 Keystone WAY Sold 3 bd · 3 ba · 1,902 sqft · $789 · 0.4 mi | $1,500,000 | 3 | 3 | 1,902 | $789 | 0.4 mi |
B 221 Cresta Vista Drive Sold 4 bd · 5 ba · 3,300 sqft · $682 · 0.8 mi | $2,250,000 | 4 | 5 | 3,300 | $682 | 0.8 mi |
C 126 Aptos Avenue Pending 6 bd · 3 ba · 3,040 sqft · $755 · 0.2 mi | $2,295,000 List Price | 6 | 3 | 3,040 | $755 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1926 and held by the same owner for nearly 60 years, the home is well-preserved but significantly dated. While the kitchen has stainless appliances, the cabinetry and bathrooms reflect older renovations (>20 years). The listing explicitly mentions deferred maintenance and the need for vision/updates, placing it firmly in the fair category despite its functional appearance.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
This 1920s residence offers 2,760 sqft of living space featuring original architectural details, parquet hardwood floors, and a wood-burning fireplace, providing a rare blend of vintage charm and generous proportions.
Situated in the prestigious Balboa Terrace neighborhood, the property is ideally located near West Portal amenities and top-tier schools, including Commodore Sloat Elementary and the renowned Lowell High School.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3798, living area = 2760.
On the market for the first time in nearly 60 years, the home requires substantial updating and investment to address deferred maintenance and modernize its systems and finishes.
Parking is limited to a detached one-car garage located at the rear of the property and accessed via an alleyway, which may be less convenient than an attached garage for some buyers.
Spacious Balboa Terrace Home with Exceptional Potential! First time on the market in almost 60 years, 309 San Fernando Way offers generous space, attractive 1920s architectural details, a versatile floor plan, and exciting potential for its next owner. The home features 4 bedrooms, 3.5 bathrooms, and upper-level views, adding a special touch to this spacious residence. The inviting foyer offers parquet hardwood floors and a rounded entrance to the large living room with a wood-burning fireplace. The formal dining room is adjacent to the spacious eat-in kitchen with ample counter and cabinet space and stainless-steel appliances. Two bright bedrooms at the back of the home have access to a full bath off the hall with attractive subway tile and a shower over tub. A convenient guest bath completes this level. Ascend the open area staircase to the upper level, where you'll find two additional bedrooms. The primary bedroom has a skylight, southern views, a walk-in closet, and access to a private en-suite bath with a large vanity and separate tub and stall shower. The second bedroom offers views towards Mt. Davidson. The main attraction is the incredible open family room area with western facing/ocean views, providing additional space for relaxing, entertaining, or gathering with family and friends. A second full bath off the hallway offers a shower over tub. The substantial basement area includes laundry space, numerous storage options, and additional space for hobbies, a workshop, or other uses. A separate detached garage with one + car parking at the rear of the property, accessed via alleyway, adds valuable convenience. The home would benefit from updating and attention to deferred maintenance, presenting an opportunity for buyers to bring their vision and creativity to a property with generous space and appealing features. Set in the established Balboa Terrace neighborhood, with convenient access to West Portal shops and restaurants, Stonestown, parks, public transportation, and easy freeway access, this is an opportunity to create something special in San Francisco.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,760 | 1,757.739 |
| Lot Size | 3,798 | 2,673.006 |
| Price | $1.79M | $1.97M |
| Price per sq ft | $650 | $1.2K |
| Built year | 1926 | 1931 |
| HOA | $660 | $176 |
| Days on market | 23 | 45 |
Oct 1, 2026
$1,795,000
Initial Listing