422-424 Tehama Street, San Francisco, CA 94103, San Francisco, 94103 - 3 bed, 0 bath
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San Francisco, CA 94103
This Residential Income Duplex presents a Strong Value Opportunity with a List Price of $995,000—positioned well below the $1,089,222 Fair Market Value by 8%. This valuation gap offers $94,222 in Instant Equity. Featuring RSD Zoning and a Condition Rating of 4, the property offers significant upside through the repositioning of its unpermitted rear structure and lower-level configuration. Located in a high-growth SoMa tech corridor, this is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to maximize value through strategic renovation.
Property is moderate renovation needed.
Built in 1906, the property shows a mix of conditions. While the upper flat features a renovated kitchen with modern appliances, the lower level and accessory structure appear dated with industrial finishes and unpermitted living spaces. The listing's emphasis on 'repositioning' and 'conversion potential' suggests that while functional, the property requires updates to systems and legal configurations to reach its full potential.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
The Residential Service District (RSD) zoning allows for a flexible range of residential, commercial, and live/work uses, providing significant utility for both business owners and investors.
Situated in a rapidly evolving SoMa corridor driven by AI and tech innovation, the property offers prime access to downtown San Francisco, major transit, and commuter routes.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1957, other record living area = 1597.
Significant differences between the 3R Report, property records, and the current physical layout—including an unpermitted rear structure—create potential hurdles for financing and legal compliance.
Prospective buyers face a high burden of verification regarding tenancy rights, legal square footage, and conversion potential within San Francisco's strict regulatory environment.
Built in 1906 as a flat-over-store in SoMa's post-quake rebuild, 422-424 Tehama sits within one of San Francisco's fastest-evolving corridors shaped by AI, tech, and creative office users. The upper level offers a three-bedroom flat with eat-in kitchen and full bath. The lower level is separately accessed and includes a kitchen, bath, and additional rooms. An accessory rear structure is currently used as a music studio and is not represented as permitted living space. RSD zoning allows a range of residential, live/work, and commercial uses. The 3R Report reflects legal use as a one-family dwelling with commercial, may offer potential pathways for future repositioning, including single-family conversion subject to Planning and DBI approval. Property records differ from current configuration; buyers are advised to review disclosures and independently verify legal use, square footage, layout, conversion potential, and tenancy rights with appropriate professionals. Central location with access to downtown, transit, and major commuter routes.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,957 | - |
| Lot Size | 1,875 | - |
| Price | $995.0K | $2.06M |
| Price per sq ft | $508 | $729 |
| Built year | 1906 | 0 |
| HOA | $0 | $0 |
| Days on market | 9 | 62 |
Jul 13, 2026
$995,000
Initial Listing