322-324 29th Avenue, San Francisco, CA 94121, San Francisco, 94121 - 7 bed, 6 bath
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San Francisco, CA 94121
This Turnkey Residential Income Property is a High-Potential Investment Opportunity, listed at $2,550,000—positioned above the $2,317,773 Fair Market Value. While priced at a premium, the property offers immediate stability with tenant-occupied units and a Good Condition Rating following a 2014 rebuild. Featuring high-end stainless steel appliances and in-unit laundry, it provides a low-maintenance asset in a prime location near top-rated schools like Lafayette Elementary and Presidio Middle. This is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking immediate, stable rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 322-324 29th Avenue Subject | $2,550,000* List Price | 7 | 6 | 3,583 | $647 | - |
A 463 23rd Avenue Sold | $2,150,000 | 8 | 0 | 3,890 | $553 | 0.4 mi |
B 171 23rd Avenue Sold | $2,125,000 | 5 | 2 | 3,220 | $660 | 0.3 mi |
C 2427 Cabrillo Sold | $2,167,750 | 0 | 0 | 2,990 | $725 | 0.7 mi |
D 577-581 42nd Avenue Sold | $2,300,000 | 7 | 5 | 4,563 | $504 | 0.9 mi |
E 5544-5546 Fulton Street Pending | $1,895,000 List Price | 7 | 3 | 3,570 | $531 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was completely rebuilt in 2014, placing the renovations and systems in the 10-12 year age bracket. The kitchens feature high-end stainless steel appliances and quality cabinetry, and the bathrooms are modern with glass enclosures and updated fixtures. While the finishes are high-quality and the property is turnkey, the 2014 renovation date falls into the 'Good' category (10-20 years) rather than 'Excellent' (<5 years).
Elementary School: Lafayette Elementary School (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Completely rebuilt in 2014, this property features high-end finishes, modern systems, and double-pane windows, offering a low-maintenance ownership experience rare for 1910-era structures.
Both units are currently tenant-occupied at market-rate rents, providing investors with stable, immediate income and eliminating the vacancy risk associated with new acquisitions.
Full occupancy at market rents may pose a challenge for owner-user buyers looking to occupy a unit, given San Francisco's stringent tenant protection laws and relocation requirements.
With a building footprint of 3,583 sqft on a 3,001 sqft lot, the property offers very limited private outdoor or yard space, which may detract from its appeal to families with pets.
Completely rebuilt in 2014, this exceptional multi-unit property offers two upgraded units, both currently tenant-occupied at market rents providing immediate and stable income for investors. Each unit features hardwood flooring, recessed lighting, double-pane windows, high-end stainless steel appliances, and the convenience of in-unit laundry. Thoughtfully renovated with quality finishes throughout, the property offers low-maintenance ownership and strong rental appeal. Ideally located just steps from Sea Cliff, and close to public transportation, shops, and restaurants, this is a rare opportunity to acquire a turnkey investment property in a highly desirable and high-demand rental location
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 5.0 | 67% |
| Baths | 6.0 | 2.0 | 87% |
| Square foot | 3,583 | 3,210 | 73% |
| Lot Size | 3,001 | 2,996.93 | 60% |
| Price | $2.55M | $1.70M | 93% |
| Price per sq ft | $712 | $532 | 87% |
| Built year | 1910 | 1924 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 187 | 7% |
Apr 23, 2026
$2,550,000
Initial Listing
May 22, 1996
$380,000
Public Record