419-419a 38th Avenue, San Francisco, CA 94121, San Francisco, 94121 - 4 bed, 5 bath
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419-419a 38th Avenue
San Francisco, CA 94121
ACTIVE
CONDITION: EXCELLENT
4Beds
5Baths
2,300Sq Ft
3,000Lot Size
Property Price
LIST PRICE$1,863,000
EST. MARKET VALUE
$2,236,338
16% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a rare dual-residence property listed at $1,863,000, positioned well below the $2,289,939 Fair Market Value by 18%. This valuation gap provides $426,939 in Instant Equity. Featuring a Mint Condition Rating with radiant-heated floors and premium finishes, the property offers immediate rental income or multi-generational flexibility. Its prime Richmond District location near Lands End ensures long-term demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-value, income-generating asset.
Estimated Market Value
$2,236,338+$373,338 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 |
|---|---|---|---|---|---|---|
★ 419-419a 38th Avenue Subject 4 bd · 5 ba · 2,300 sqft · $972 | $1,863,000* List Price | 4 | 5 | 2,300 | $972 | - |
A 499 36th Avenue Sold 4 bd · 2 ba · 2,680 sqft · $690 · 0.1 mi | $1,850,000 | 4 | 2 | 2,680 | $690 | 0.1 mi |
B 664 27th Avenue Sold 4 bd · 3 ba · 2,170 sqft · $901 · 0.8 mi | $1,955,000 | 4 | 3 | 2,170 | $901 | 0.8 mi |
C 876 46th Avenue Sold 4 bd · 3 ba · 1,975 sqft · $972 · 0.7 mi | $1,920,000 | 4 | 3 | 1,975 | $972 | 0.7 mi |
D 899 40th Avenue Sold 4 bd · 3 ba · 1,963 sqft · $815 · 0.6 mi | $1,600,000 | 4 | 3 | 1,963 | $815 | 0.6 mi |
E 826 40th Avenue Pending 4 bd · 4 ba · 2,287 sqft · $916 · 0.5 mi | $2,095,000 List Price | 4 | 4 | 2,287 | $916 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1906, the property has been completely rebuilt with premium modern finishes. The kitchen features high-end integrated appliances and contemporary cabinetry, bathrooms are updated with designer tiles and fixtures, and the home includes modern systems like radiant-heated wood floors. It is in mint, move-in-ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Residence Versatility
The rare configuration of two independent homes on a single lot provides exceptional flexibility for multi-generational living, private guest accommodations, or significant rental income potential.
- Modernized Interior & Finishes
The front home features high-end rebuild details including radiant-heated wood floors, ensuites for every bedroom, and premium finishes that cater to modern luxury standards.
- Prime Richmond Location
Situated in a highly desirable pocket of San Francisco, the property offers immediate proximity to Lincoln Park, Lands End, and the popular dining corridor on Balboa Street.
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 = 3000, living area = 2300.
- Limited Outdoor Space
With two independent residences occupying a 3,000-square-foot lot, private yard or garden space is likely constrained compared to traditional single-family homes in the area.
- Potential Maintenance Disparity
While the front home is beautifully rebuilt, the 1906 original build date and lack of specific detail on the second unit's condition may imply a need for further inspection or future updates to the rear structure.
About 419-419a 38th Avenue
Rare dual-residence property featuring two independent homes on a single lot in San Francisco's desirable Richmond District. The beautifully rebuilt front home includes 3 beds, 4 baths, radiant-heated wood floors, and a cozy fireplace in the family room. With dual entrances and ensuites on every floor, the flexible floor plan easily accommodates multi-generational living or private guest spaces. Premium finishes throughout, near Lincoln Park, Lands End, the Legion of Honor, and popular Balboa Street dining.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1906
- Lot Size
- 3,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 2,300 | 1,757.739 |
| Lot Size | 3,000 | 2,673.006 |
| Price | $1.86M | $1.97M |
| Price per sq ft | $810 | $1.2K |
| Built year | 1906 | 1931 |
| HOA | $0 | $176 |
| Days on market | 43 | 45 |
Pricing History
Listed for Sale
Sep 11, 2026
$1,863,000
Initial Listing