42-46 Wayne Place, San Francisco, CA 94133, San Francisco, 94133 - 0 bed, 0 bath
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San Francisco, CA 94133
This well-maintained triplex presents a High-Potential Investment Opportunity, listed at $1,850,000—positioned slightly above the $1,795,353 Fair Market Value. Despite the premium, the property offers significant stability through its Good Condition Rating and separately metered utilities. With two-bedroom and three-bedroom units in the heart of North Beach, the asset provides immediate rental income with clear upside via future ADU development. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking a high-demand, income-generating asset in a prime San Francisco location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42-46 Wayne Place Subject | $1,850,000* List Price | 0 | 0 | 3,104 | $574 | - |
A 1312-1314 Powell Street Sold | $1,650,000 | 6 | 3 | 3,215 | $513 | 0.1 mi |
B 82-86 Valparaiso Street Pending | $1,595,000 List Price | 5 | 3 | 3,000 | $532 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1913 but described as well-maintained with 'lightly renovated' units and modern kitchens. The presence of separately metered gas and electric systems indicates functional infrastructure updates, and the property is move-in ready for tenants, fitting the 5-15 year renovation window for a 'Good' rating.
Situated in the heart of North Beach and Chinatown, the property is just one block from the cable car line, ensuring high tenant demand and consistent rental appeal in a world-class neighborhood.
The building features separately metered gas and electrical systems and low operating expenses, which maximizes net operating income for the owner.
The property offers significant upside through future renovations and potential ADU development, allowing investors to increase density and long-term asset value.
Built in 1913, the property may require ongoing capital improvements or seismic considerations typical of century-old San Francisco structures.
The absence of dedicated parking in a high-density area like North Beach can be a drawback for certain tenant profiles and may impact premium rent potential.
42-46 Wayne Place is a well-maintained three-unit apartment building ideally situated in the heart of North Beach/Chinatown, just blocks from the Financial District and Jackson Square. The property consists of one two-bedroom flat and two three-bedroom flats, with one unit to be delivered vacant at Close of Escrow, providing immediate owner-occupancy or leasing flexibility. The flats have been tastefully updated with modern kitchens while maintaining their classic San Francisco charm. A complete set of ADU plans is included, offering a straightforward value-add opportunity. The proposed ADU has been designed to comply with ceiling height, natural light and easement requirements, allowing a new owner to move directly into the permitting process. Operating expenses are minimized by separately metered gas and electrical services for each unit. Residents enjoy exceptional walkability with immediate access to North Beach, Chinatown, Jackson Square and the Financial District, placing some of San Francisco's finest restaurants, cafs, bars, boutiques and nightlife just steps from the property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,104 | - |
| Lot Size | 1,398 | - |
| Price | $1.85M | $2.06M |
| Price per sq ft | $596 | $729 |
| Built year | 1913 | 0 |
| HOA | $0 | $0 |
| Days on market | 76 | 62 |
May 7, 2026
$1,850,000
Initial Listing
Jun 24, 2016
$1,795,000
Public Record