3900 Balboa Street, San Francisco, CA 94121, San Francisco, 94121 - 8 bed, 8 bath
3900 Balboa Street
San Francisco, CA 94121
Property Price
SUMMARY
Analysis of 3900 Balboa Street, San Francisco, CA 94121 is currently available with a list price of $4,500,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Francisco Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1948, this landmark property is well-maintained but significantly outdated for modern residential use. While the interior appears clean and functional with regular upkeep, the institutional layout (former convent), older carpets, basic light fixtures, and overall aesthetic reflect a lack of recent major renovations. The property is move-in ready for institutional use but requires substantial modernization and reconfiguration to meet current residential quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Lafayette Elementary School (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
- Massive Scale and Volume
With over 10,700 square feet of living space plus a 2,546 square foot basement, this property offers a rare level of square footage and scale for the San Francisco market.
- Prime Coastal Location
Situated on a prominent corner lot just blocks from Ocean Beach and Golden Gate Park, the property occupies a highly desirable position in the Outer Richmond district.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4750, living area = 10772.
- Specialized Layout
The current configuration as a former convent may require extensive and costly structural remodeling to convert the space into a standard residential or multi-family layout.
- Zoning Limitations
Despite the massive square footage, the RH-2 zoning may restrict the number of legal units allowed, potentially limiting the density of a residential redevelopment project.
About 3900 Balboa Street
Rare opportunity to acquire a landmark property in San Francisco's Outer Richmond district! Currently improved with approximately 10,772 sq ft of living space plus an additional 2,546 sq ft of unfinished basement, this unique corner-lot property offers tremendous flexibility for continued institutional, community, or residential use. Formerly used as a convent, the existing structure includes 8 bedrooms, 8 bathrooms, an elevator, large kitchen, multiple gathering rooms, and a chapel. Zoned RH-2, the site also presents an outstanding redevelopment opportunity for those seeking to reposition the property into multi-unit residential configurations (buyer to verify with City Planning). Located just blocks from Ocean Beach and Golden Gate Park, 3900 Balboa Street offers scale, character, and potential rarely available in this neighborhood.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 4,750 Sq. Ft.
Interior
- Total Bedrooms
- 8
- Total Bathrooms
- 8 (8 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Francisco Unified Schools
Lafayette Elementary School
Grades K-5 • 0.3 mi
Alamo Elementary School
Grades K-5 • 1.1 mi
Argonne Elementary School
Grades K-5 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 4.0 | 96% |
| Baths | 8.0 | 3.0 | 96% |
| Square foot | 10,772 | 2,147.5 | 98% |
| Lot Size | 4,750 | 2,996.93 | 94% |
| Price | $4.50M | $2.21M | 90% |
| Price per sq ft | $418 | $1.0K | 10% |
| Built year | 1948 | 1922 | 94% |
| HOA | $0 | $0 | 50% |
| Days on market | 136 | 173 | 34% |
Pricing History
Listed for Sale
Feb 11, 2026
$4,500,000
$4,998,000
-10% Price Drop
Initial Listing
Price Change
Oct 22, 2025
$4,998,000
Initial Listing
Sold
Sep 25, 1992
$900,000
Public Record