3126 Balboa Street, San Francisco, CA 94121, San Francisco, 94121 - 4 bed, 4 bath
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San Francisco, CA 94121
This Residential Income Quadruplex is a Strong Value Opportunity, listed at $1,650,000—positioned slightly above the $1,637,202 Fair Market Value. With a Condition Rating of 4, the building is well-maintained and features distant ocean and mountain views. Located in the stable Richmond District near top-rated schools like Lafayette Elementary and Presidio Middle, this asset offers significant flexibility. The delivery of two vacant units provides an immediate path for Buy-and-Hold Investors or Owner-Occupants to capitalize on this prime, income-generating location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3126 Balboa Street Subject | $1,650,000* List Price | 4 | 4 | 3,130 | $523 | - |
A 814-816 25th Avenue Sold | $2,120,000 | 4 | 2 | 3,100 | $684 | 0.5 mi |
B 563-565 20th Avenue Sold | $1,300,000 | 4 | 2 | 3,210 | $405 | 0.7 mi |
C 171 23rd Avenue Sold | $2,125,000 | 5 | 2 | 3,220 | $660 | 0.8 mi |
D 1827 Clement Street Sold | $1,649,500 | 4 | 4 | 3,054 | $540 | 0.8 mi |
E 630 40th Avenue Sold | $1,650,000 | 5 | 2 | 3,100 | $532 | 0.4 mi |
F 1608 Balboa Street Sold | $1,550,000 | 6 | 2 | 3,296 | $470 | 0.9 mi |
G 740-742 37th Avenue Active | $1,400,000 List Price | 6 | 4 | 3,240 | $432 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1959, the property is well-maintained but dated. While the exterior has fresh stucco and common areas are clean, the kitchen features 20+ year old tile countertops and older white appliances. It is functional and move-in ready but requires cosmetic updates to meet modern standards.
Elementary School: Lafayette Elementary School (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Two units will be delivered vacant with parking, offering a rare opportunity for an owner-occupant to move in or for an investor to immediately realize market-rate rents.
Situated in the heart of the Richmond District near Balboa Village, the property benefits from high tenant demand due to its proximity to local favorites like Devil's Teeth Baking Company and top-rated schools.
The building consists entirely of one-bedroom units, which may limit the appeal for larger households and restrict the overall rental demographic compared to multi-bedroom assets.
Due to its 1959 construction, the property is subject to San Francisco rent control ordinances, which can limit long-term revenue growth for the currently occupied units.
3126 Balboa Street is a four (4) unit building located between 32nd + 33rd Ave in the Richmond District. The property was constructed in 1959 and houses four 1-bedroom units. The units have efficient, functional layouts with large closets, good natural light, hardwood floors, and potential to open the floor plan. Two units with parking will be delivered vacant. The building has been well cared for, with many upgrades, including fresh stucco and paint on the front exterior, keypad locks on doors, clean common areas, skylights in the top units, and recessed lighting. The Richmond District has remained one of the most stable residential neighborhoods, housing families, young professionals, and long-term residents. The neighborhood offers everything someone could need within a few blocks. The Balboa Village https://www.balboavillagesf.org/businesses-on-balboa is home to local favorites The Laundromat, Crown Lock and Hardware, Devil's Teeth Baking Company, Butter Love Bakeshop, and the Balboa Theatre. 3126 Balboa Street is the perfect opportunity to acquire an easy-to-manage asset where the new owner could occupy one unit or enjoy steady rental income.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 5.0 | 47% |
| Baths | 4.0 | 2.0 | 60% |
| Square foot | 3,130 | 3,130 | 50% |
| Lot Size | 2,500 | 2,996.93 | 33% |
| Price | $1.65M | $1.65M | 50% |
| Price per sq ft | $527 | $529 | 47% |
| Built year | 1959 | 1927 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 187 | 7% |
Apr 30, 2026
$1,650,000
Initial Listing