427 23rd Avenue, San Francisco, CA 94121, San Francisco, 94121 - 3 bed, 2 bath
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427 23rd Avenue
San Francisco, CA 94121
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,418Sq Ft
2,997Lot Size
Property Price
LIST PRICE$1,595,000
EST. MARKET VALUE
$1,991,193
19% BelowMARKET VALUE
SUMMARY
This Spacious Traditional Home represents a High-Potential Investment Opportunity, listed at $1,595,000—positioned well below the $1,991,194 Fair Market Value by 19%. This valuation gap offers $396,194 in Instant Equity. While the property maintains a Condition Rating of 4, it offers a versatile floor plan with a 3-car garage and private patio. Located near top-rated schools like Lafayette Elementary and Lowell High, this is an ideal acquisition for Owner-Occupants seeking long-term appreciation or Buy-and-Hold Investors.
Estimated Market Value
$1,991,193+$396,193 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 |
|---|---|---|---|---|---|---|
★ 427 23rd Avenue Subject | $1,595,000* List Price | 3 | 2 | 1,418 | $1,404 | - |
A 822 37th Avenue Sold | $2,000,000 | 3 | 2 | 1,692 | $1,182 | 0.9 mi |
B 4126 Fulton Street Sold | $1,825,000 | 2 | 1 | 1,474 | $1,238 | 0.6 mi |
C 4620 Anza Street Sold | $1,920,000 | 3 | 2 | 1,614 | $1,190 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Originally built in 1922, the property is well-maintained and move-in ready, but the kitchen and bathrooms show signs of a renovation that is likely 20-30 years old. The kitchen features dated tile countertops and older appliances, fitting the criteria for a property that is functional but dated and in need of modern updates.
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).
- Exceptional Parking and Storage
The property includes a spacious 3-car garage, an increasingly rare and highly valuable amenity in San Francisco that provides significant secure parking and additional storage capacity.
- Prime Walkable Location
Perfectly situated in the heart of the Richmond District, the home boasts a high walkability score with immediate access to Golden Gate Park, Baker Beach, and the vibrant dining scenes on Clement Street and Geary Boulevard.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1418, other record living area = 1135.
- Limited Bathroom Count
With only 1.5 bathrooms serving a three-bedroom residence, the home may feel underserviced for larger families or those accustomed to modern primary suites.
- Vintage Infrastructure
Built in 1922, the property may require ongoing maintenance or future capital improvements to century-old systems to meet contemporary energy efficiency and building standards.
About 427 23rd Avenue
Set within a quiet pocket of Central Richmond, this lovingly updated 3-bedroom, 1.5-bathroom home carries the warmth of a family who truly cared for it and is now ready now for the next caretakers to love it just as much. Move-in ready and perfectly situated in heart of the Richmond district it's one of San Francisco's most desirable walkable neighborhoods. This home offers the perfect blend of comfort, space, and convenience. Spacious living and dining rooms filled with natural light create an inviting setting for everyday living and effortless entertaining. The generously sized kitchen offers abundant cabinetry, ample counter space, and a functional layout with plenty of room for baking holiday treats, making homemade pasta, and so much more. The two bedrooms plus a sunroom, a full bathroom upstairs plus a convenient powder room enhance everyday functionality. A sizable 3rd room downstairs, offers additional in-law flexibility or the perfect home office. At the rear of the home, step outside to a private outdoor space ideal for dining al fresco, gardening, or simply relaxing in a peaceful setting. A spacious 3-car garage provides secure parking and valuable storage, an increasingly rare amenity in San Francisco. Just moments from the acclaimed restaurants, cafes, markets, and shops along Clement Street and Geary Boulevard, the home's highly walkable location makes daily life effortless. Outdoor recreation abounds with Golden Gate Park, Mountain Lake Park, the Presidio, Baker Beach, and China Beach all within minutes. Commuting is equally seamless with quick access to Park Presidio, Geary Boulevard, and Fulton Street connecting you to Downtown San Francisco, the Financial District, the Peninsula, and the Golden Gate Bridge. Multiple Muni lines nearby complete the picture. A wonderful opportunity to experience the very best of San Francisco living and the walkability to Golden Gate Park, Baker Beach, and all of the amazing eateries and shops abound make it an amazing home to be had in a truly wonderful neighborhood.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1922
- Lot Size
- 2,997 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Francisco Unified Schools
Alamo Elementary School
Grades K-5 • 0.2 mi
8/10
Argonne Elementary School
Grades K-5 • 0.5 mi
8/10
Sutro Elementary School
Grades K-5 • 0.7 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,418 | 1,711.807 |
| Lot Size | 2,997 | 2,637.135 |
| Price | $1.59M | $1.93M |
| Price per sq ft | $1.1K | $1.2K |
| Built year | 1922 | 1932 |
| HOA | $0 | $85 |
| Days on market | 39 | 48 |
Pricing History
Listed for Sale
Aug 1, 2026
$1,595,000
Initial Listing