423-433 South Van Ness Avenue, San Francisco, CA 94103, San Francisco, 94103 - 9 bed, 0 bath
Loading property details...
San Francisco, CA 94103
This mixed-use Victorian represents a High-Potential Investment Opportunity, listed at a List Price of $3,725,000—positioned well below the $3,721,577 Fair Market Value (effectively at market). Featuring a Fair Condition Rating, this 9-bed, 10,568 sqft asset offers significant value-add potential through modernization. The property includes a private deck and provides a stable, diversified income stream from three residential flats and three commercial suites. Located in a premier innovation district, this is an ideal acquisition for Buy-and-Hold Investors or Commercial Developers seeking long-term rental upside in a high-demand corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 423-433 South Van Ness Avenue Subject | $3,725,000* List Price | 9 | 0 | 10,568 | $352 | - |
A 135 Dore Street Active | $2,950,000 List Price | 9 | 0 | 8,395 | $351 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1900 Victorian is functional but significantly dated, with interior finishes and bathrooms appearing to be over 20 years old. Exterior utility areas show weathered wood and exposed plumbing, and the description's mention of 'meaningful residential upside' confirms the need for modernization and minor repairs.
Ideally situated at the crossroads of the Mission and SoMa, the property offers exceptional access to 16th Street BART, Highway 101, and major tech employers like OpenAI and Google.
The combination of three large three-bedroom residential flats and three ground-floor commercial suites provides a stable, contractually locked income stream with significant residential rental upside.
Located within walking distance of Dolores Park and the vibrant Valencia retail corridor, the property benefits from high tenant demand driven by world-class dining, shopping, and recreation.
The property was recently sold within the past year on 2025-12-31. The sold price is $2,215,000.00.
Built in 1900, this Victorian structure may require substantial ongoing investment for maintenance, system upgrades, or seismic retrofitting to meet modern standards.
Positioned on South Van Ness Avenue, the property is exposed to significant street noise and the intensive urban activity characteristic of a major San Francisco thoroughfare.
423 South Van Ness Avenue is a six-unit, mixed-use Victorian offered at a 6.02% cap rate. Three exceptionally large three-bedroom residential flats, averaging roughly 1,746 square feet each, sit above three generously sized ground-floor commercial suites averaging about 1,710 square feet, pairing durable, contractually locked commercial income with meaningful residential upside in one of the city's most central, dynamic locations. The property sits at the crossroads of San Francisco, where the Mission, SoMa, and Civic Center submarkets converge along the South Van Ness / Mission / Folsom corridor. Tenants are blocks from 16th Street Mission BART and steps from Highway 101, with Dolores Park, the Valencia retail and dining corridor, Whole Foods, Safeway, and a dense cluster of acclaimed coffee and restaurants all within walking distance. The building also anchors a premier innovation district, surrounded by the offices of leading AI research labs, including OpenAI and Anthropic, plus Salesforce and Google all sustaining the high-wage employment that drives demand across San Francisco.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 9.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 10,568 | - |
| Lot Size | 7,501 | - |
| Price | $3.73M | $2.61M |
| Price per sq ft | $352 | $489 |
| Built year | 1900 | 0 |
| HOA | $0 | $0 |
| Days on market | 34 | 169 |
Jun 18, 2026
$3,725,000
Initial Listing
Dec 31, 2025
$2,215,000
Public Record
Nov 25, 1998
$875,000
Public Record