333-335 Potrero Avenue, San Francisco, CA 94103, San Francisco, 94103 - 2 bed, 2 bath

333-335 Potrero Avenue, San Francisco, CA 94103 home-pic-0
ACTIVE$1,100,000
333-335 Potrero Avenue, San Francisco, CA 94103
2Beds
2Baths
1,776Sqft
3,746.16Lot
Year Built
1905
Close
-
List price
$1.1M
Original List price
-
Price/Sqft
$619
HOA
$0
Days on market
-
Sold On
-
MLS number
424060017
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.10M(33th), sqft - 1776(33th), beds - 2(33th), baths - 2(33th).

This is a fantastic investment opportunity for both owner-users and investors to acquire a charming two-unit flat located in the desirable Potrero Hill district. The property is situated on an oversized lot, offering tremendous potential for future development or expansion. One of the standout features of this location is its accessibility; location is within walking distance to a variety of shopping options and trendy cafes along the popular Potrero Hill and Inner Mission border. Additionally, you'll find that downtown, major freeways, and BART stations are just minutes away, making daily commuting incredibly convenient. Don't miss the chance to invest in this prime location with significant upside potential!

Price History

Date
Event
Price
08/24/24
Price Change
$1,100,000
01/06/16
Sold
$1,138,000
03/13/15
Sold
$900,000
Condition Rating
Poor

Built in 1905, this property is over a century old, and while some cosmetic updates like new laminate flooring, basic kitchen appliances, and bathroom vanities have been installed, the overall condition points to a need for substantial rehabilitation. The kitchen is extremely basic and unfinished, lacking upper cabinets, backsplash, and showing exposed electrical components, indicating a very minimal, budget-driven renovation rather than a comprehensive update. The walls throughout appear patched and unfinished in several areas. The property analysis explicitly notes 'outdated infrastructure (plumbing, electrical)' and 'potential for extensive renovation,' confirming that major systems likely require significant attention. This property is not move-in ready for comfortable living and requires substantial capital investment to address its age and bring it to modern standards.
Pros & Cons

Pros

Prime Investment Opportunity: Explicitly marketed as a fantastic investment opportunity for both owner-users and investors, categorized as 'Residential Income' and 'Duplex', indicating strong income potential.
Exceptional Location & Accessibility: Situated in the desirable Potrero Hill district, offering walking distance to shopping and cafes, and minutes away from downtown, major freeways, and BART stations for convenient commuting.
Significant Development Potential: The property is located on an oversized lot, providing substantial potential for future development or expansion, which can increase long-term value.
Multi-Unit Income Property: As a two-unit flat (duplex), it offers flexibility for owner-occupancy with rental income from the second unit, or full rental income generation.
High Upside Potential: The combination of a prime location, oversized lot, and income property status suggests significant upside potential for appreciation and increased returns.

Cons

Historic Property Age: Built in 1905, the property is over a century old, which likely implies outdated infrastructure (plumbing, electrical) and potential for significant maintenance or renovation costs.
Lack of Specific Unit Configuration: The listing provides total beds/baths (2/2) for a two-unit flat but lacks individual unit layouts, making it challenging to accurately assess rental income potential or suitability for specific owner-user needs.
Potential for Extensive Renovation: Given its age and the framing as an 'investment opportunity,' it's probable that the property requires substantial capital investment for modernization, upgrades, or to maximize its rental market value, which is not detailed.

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