3451 22nd St, San Francisco, CA 94110, San Francisco, 94110 - 0 bed, 0 bath
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San Francisco, CA 94110
This Prime Multi-Unit Asset is listed at $1,600,000, offering a stable acquisition at its $1,600,000 Fair Market Value. Situated steps from Dolores Park, the property features diversified revenue streams including three apartments, a manager’s office, and an on-site laundromat. While currently holding a Fair Condition Rating, the Value-Add potential is significant through modernization of the 1924 infrastructure. Following a recent price improvement, this property represents a rare opportunity to secure a high-cash-flow footprint in the Mission District. It is an ideal project for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3451 22nd St Subject | $1,600,000* List Price | 0 | 0 | 3,140 | $510 | - |
A 2711 Harrison Street Sold | $1,200,000 | 5 | 2 | 2,524 | $475 | 0.7 mi |
B 48 Sycamore Street Sold | $1,703,000 | 4 | 4 | 2,950 | $577 | 0.6 mi |
C 2436-2438 Bryant Street Sold | $1,230,000 | 4 | 1 | 2,378 | $517 | 0.8 mi |
D 1294 Guerrero Street Active | $1,749,000 List Price | 9 | 3 | 2,880 | $607 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1924, this century-old multi-unit property shows typical signs of age for its vintage. Exterior images reveal a worn garage door with graffiti and dated wooden window frames with security bars. The lack of interior kitchen or bathroom photos, combined with the 'investment upside' description, suggests that the living spaces are likely outdated and require modernization. While functional and generating income, the property shows significant physical depreciation and aging infrastructure consistent with the fair condition category.
Situated just steps from the iconic Dolores Park in the Mission District, the property benefits from high tenant demand, vibrant community energy, and excellent walkability.
The unique combination of three residential units, a manager’s office, a garage, and an on-site laundromat provides multiple income sources and reduces overall vacancy risk.
With a recent price reduction to $1.6M from an initial $1.8M, the property offers a more competitive entry point for investors seeking strong cash flow in a high-value San Francisco neighborhood.
Built in 1924, the property likely requires ongoing maintenance and potential capital expenditures for seismic or system upgrades common in century-old San Francisco buildings.
With only three 1-bedroom apartments, the residential component is relatively small, which may limit the total rental income potential compared to larger multi-family assets in the same price bracket.
Three 1 bed apartments, an on site manager’s office, a garage, and laundromat — all just steps from iconic Dolores Park. Prime location, strong cash flow, and rare investment upside in the heart of San Francisco. Dolores Park is a vibrant and iconic green space in San Francisco’s Mission District, known for its sunny weather, scenic city views, and lively community atmosphere. Popular for picnics, people-watching, and weekend gatherings, it offers a perfect blend of natural beauty and urban energy.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 5.0 | 6% |
| Baths | 0.0 | 2.0 | 29% |
| Square foot | 3,140 | 2,690 | 71% |
| Lot Size | 1,855 | 2,596 | 24% |
| Price | $1.60M | $1.70M | 47% |
| Price per sq ft | $510 | $510 | 50% |
| Built year | 1924 | 1908 | 82% |
| HOA | $0 | $0 | 50% |
| Days on market | 337 | 233 | 76% |
Mar 6, 2026
$1,600,000
$1,700,000
-6% Price Drop
Initial Listing
Feb 1, 2026
$1,700,000
$1,800,000
-6% Price Drop
Initial Listing
May 20, 2025
$1,800,000
Initial Listing