38 Blake Street, San Francisco, CA 94118, San Francisco, 94118 - 3 bed, 2 bath
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38 Blake Street
San Francisco, CA 94118
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,280Sq Ft
2,922Lot Size
Property Price
LIST PRICE$1,688,000
EST. MARKET VALUE
$1,989,123
15% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,688,000—positioned well below the $1,989,123 Fair Market Value by 15%. This valuation gap offers $301,123 in Instant Equity for buyers willing to execute a renovation plan. With a Condition Rating of 5, the home requires significant updates, yet offers a flexible layout with an unwarranted lower-level unit. Located near top-rated schools like Lilienthal Elementary and Lowell High, this is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build long-term value.
Estimated Market Value
$1,989,123+$301,123 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Francisco.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38 Blake Street Subject | $1,688,000* List Price | 3 | 2 | 1,280 | $1,554 | - |
A 52 Paramount Terrace Sold | $1,550,000 | 2 | 2 | 1,336 | $1,160 | 0.5 mi |
B 129 Collins Street Sold | $2,125,000 | 3 | 2 | 1,590 | $1,336 | 0.0 mi |
C 132 Anza Street Pending | $1,400,000 List Price | 2 | 1 | 1,328 | $1,054 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1900, this property is explicitly marketed as a renovation opportunity for buyers to 'create their dream home.' While interior photos are digitally altered, the visible bathroom is dated (30+ years), and the exterior shows significant age-related wear. The presence of unwarranted units and the call for a full renovation indicate the need for a major rehab of systems and finishes.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
- Prime Laurel Heights Location
Situated in one of San Francisco's most desirable neighborhoods, this property offers exceptional access to top-rated schools like Roosevelt Middle and Wallenberg High, enhancing long-term value.
- Flexible Living Configuration
The layout includes a separate lower-level unit with its own bedroom, bathroom, and kitchen, providing versatile options for an in-law suite, home office, or guest quarters.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1280, other record living area = 1654.
- Unwarranted Improvements
The lower-level living space is explicitly noted as unwarranted, which may present challenges regarding permitted use, zoning compliance, and future development options.
- Immediate Renovation Requirements
The property is positioned as a renovation opportunity, implying that the current condition will require significant additional capital investment to meet modern living standards.
About 38 Blake Street
Discover this spacious San Francisco home in the desirable Laurel Heights. The main level features 3 bedrooms and 2 bathrooms, offering a comfortable layout with natural light. The lower level provides 1 bedroom,1 bathroom and a kitchen for in-law unit, home office or other use (unwarranted). Tandem parking adds valuable convenience in the city. An excellent opportunity to buyers looking to renovate, personalize, or create their dream home. Buyer to verify square footage, permitted use of lower level improvement, zoning and development options.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1900
- Lot Size
- 2,922 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Francisco Unified Schools
New Traditions Elementary School
Grades K-5 • 0.6 mi
8/10
Cobb (William L.) Elementary School
Grades K-5 • 0.7 mi
2/10
Peabody (George) Elementary School
Grades K-5 • 0.7 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,280 | 1,711.807 |
| Lot Size | 2,922 | 2,637.135 |
| Price | $1.69M | $1.93M |
| Price per sq ft | $1.3K | $1.2K |
| Built year | 1900 | 1932 |
| HOA | $0 | $85 |
| Days on market | 9 | 48 |
Pricing History
Listed for Sale
Aug 31, 2026
$1,688,000
Initial Listing
Sold
Sep 29, 2006
$850,000
Public Record
Sold
Jun 3, 2005
$800,000
Public Record