463 23rd Avenue, San Francisco, CA 94121, San Francisco, 94121 - 8 bed, bath
ACTIVE$1,975,000$3,890/sqft
463 23rd Avenue, San Francisco, CA 94121
8Beds
0Bath
3,890Sqft
2,996.93Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Lafayette Elementary School (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Top Cons:
Building Age: Built in 1972, while well-maintained and with recent upgrades, the age of the building may imply potential for future capital expenditures on systems not explicitly mentioned as updated.
Compared to the nearby listings
Price:$1.98M vs avg $1.98M (+$0)50%
Size:3,890 sqft vs avg 3,559 sqft77%
Price/sqft:$508 vs avg $53046%
More Insights
Built in 1972 (54 years old).
Condition: Built in 1972, the property has undergone significant updates, with 'several units renovated for modern comfort' and 'recent upgrades including exterior painting and electrical improvements.' The images confirm this, showing kitchens with stainless steel appliances, modern wood cabinetry, and granite countertops, and bathrooms with updated vanities and fixtures. Flooring is a mix of well-maintained wood laminate/engineered wood and clean carpet. While not a brand-new build or a full luxury renovation, the visible units are move-in ready and well-maintained, aligning with the 'good' criteria for properties extensively renovated within the last 5-15 years.
Year Built
1972
Close
-
List price
$1.98M
Original List price
-
Price/Sqft
$508
HOA
$0
Days on market
-
Sold On
-
MLS number
426094594
Home ConditionGood
Features
Patio
View-
About this home
Situated in San Francisco's desirable Richmond District, 463 23rd Avenue is a classic and well-maintained 4-unit apartment building offering strong in-place income and upside potential. Several units were renovated for modern comfort. The property includes on-site parking and four private storage units, providing added convenience for tenants. Recent upgrades include exterior painting and electrical improvements, with banked rents and passthrough opportunities for investors. Ideally located near the Geary Boulevard and Clement Street commercial corridors, the building offers easy access to shopping, dining, and excellent transit options.
M
Matthew Sheridan
Listing Agent
Nearby schools
8/10
Alamo Elementary School
Public,•K-5•0.3mi
8/10
Argonne Elementary School
Public,•K-5•0.4mi
8/10
Sutro Elementary School
Public,•K-5•0.7mi
9/10
Lafayette Elementary School
Public,•K-5•0.8mi
8/10
Mccoppin (Frank) Elementary School
Public,•K-5•1.0mi
8/10
Peabody (George) Elementary School
Public,•K-5•1.1mi
8/10
New Traditions Elementary School
Public,•K-5•1.8mi
7/10
Grattan Elementary School
Public,•K-5•2.0mi
9/10
Stevenson (Robert Louis) Elementary School
Public,•K-5•2.1mi
9/10
Chinese Immersion School At Deavila
Public,•K-5•2.2mi
6/10
San Francisco Public Montessori School
Public,•K-5•2.9mi
1/10
Mission Education Center
Public,•K-5•3.8mi
2/10
Fairmount Elementary School
Public,•K-5•4.1mi
/10
Chinese Education Center
Public,•K-5•4.4mi
8/10
Presidio Middle School
Public,•6-8•0.4mi
9/10
Roosevelt Middle School
Public,•6-8•1.3mi
9/10
Lawton Alternative Elementary School
Public,•K-8•1.5mi
8/10
Yu (Alice Fong) Elementary School
Public,•K-8•1.5mi
8/10
Giannini (A.P.) Middle School
Public,•6-8•2.1mi
6/10
Rooftop Elementary School
Public,•K-8•2.7mi
9/10
Lilienthal (Claire) Elementary School
Public,•K-8•2.7mi
4/10
Buena Vista/ Horace Mann K-8
Public,•K-8•3.9mi
3/10
Carmichael (Bessie)/Fec
Public,•K-8•4.2mi
3/10
San Francisco Community Alternative School
Public,•K-8•4.6mi
2/10
Revere (Paul) Elementary School
Public,•K-8•4.8mi
7/10
Washington (George) High School
Public,•9-12•0.5mi
7/10
Wallenberg (Raoul) Traditional High School
Public,•9-12•2.0mi
7/10
Lincoln (Abraham) High School
Public,•9-12•2.2mi
2/10
Wells (Ida B.) High School
Public,•9-12•2.7mi
6/10
Academy Of Arts And Sciences
Public,•9-12•2.9mi
9/10
Asawa (Ruth) San Francisco School Of The Arts, A Public School.
Public,•9-12•2.9mi
3/10
Mission High School
Public,•9-12•3.3mi
10/10
Lowell High School
Public,•9-12•3.3mi
8/10
Galileo High School
Public,•9-12•3.6mi
3/10
O'connell (John) High School
Public,•9-12•4.0mi
2/10
S.F. International High School
Public,•9-12•4.4mi
1/10
Downtown High School
Public,•9-12•4.5mi
7/10
Balboa High School
Public,•9-12•4.6mi
2/10
Jordan (June) School For Equity
Public,•9-12•5.1mi
2/10
Marshall (Thurgood) High School
Public,•9-12•5.3mi
5/10
Burton (Phillip And Sala) Academic High School
Public,•9-12•5.9mi
Condition Rating
Good
Built in 1972, the property has undergone significant updates, with 'several units renovated for modern comfort' and 'recent upgrades including exterior painting and electrical improvements.' The images confirm this, showing kitchens with stainless steel appliances, modern wood cabinetry, and granite countertops, and bathrooms with updated vanities and fixtures. Flooring is a mix of well-maintained wood laminate/engineered wood and clean carpet. While not a brand-new build or a full luxury renovation, the visible units are move-in ready and well-maintained, aligning with the 'good' criteria for properties extensively renovated within the last 5-15 years.
Pros & Cons
Pros
Great Schools: Elementary School: Lafayette Elementary School (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Prime Location: Situated in San Francisco's desirable Richmond District, offering easy access to shopping, dining, and excellent transit options near Geary Boulevard and Clement Street commercial corridors.
Strong Income Potential: A 4-unit apartment building with strong in-place income, banked rents, and passthrough opportunities, indicating significant upside potential for investors.
Recent Upgrades & Maintenance: The property is well-maintained with recent exterior painting and electrical improvements, and several units have been renovated for modern comfort.
Valuable Tenant Amenities: Includes highly desirable on-site parking and four private storage units, adding significant convenience and appeal for tenants in San Francisco.
Good School Access: Proximity to several highly-rated public schools, including Lowell High School (rating 10) and Lafayette Elementary (rating 9), enhances tenant appeal for families.
Cons
Building Age: Built in 1972, while well-maintained and with recent upgrades, the age of the building may imply potential for future capital expenditures on systems not explicitly mentioned as updated.
Partial Unit Renovation: The description states 'several units were renovated,' suggesting that not all units have been updated, which could mean some units are not at peak market rental value or may require further investment.
Unspecified System Updates: While electrical improvements are noted, the description lacks details on updates to other major building systems (e.g., plumbing, roof, HVAC), which could be a consideration for a property of this vintage.