
San Francisco, CA 94118
This High-Potential Investment Opportunity is a rare Central Richmond Trophy Property listed at $3,900,000, positioned well below the $4,419,184 Fair Market Value by 11%. This valuation gap offers $519,184 in Instant Equity. Featuring a Condition Rating of 2 with recent infrastructure upgrades, the RH2 Zoning and massive double lot provide significant density upside for 4-6 units. This is an ideal acquisition for Real Estate Developers or Buy-and-Hold Investors seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 466 15th Avenue Subject 4 bd · 4 ba · 1,980 sqft · $2,232 | $3,900,000* List Price | 4 | 4 | 1,980 | $2,232 | - |
A 778 10th Avenue Pending 4 bd · 4 ba · 1,876 sqft · $1,599 · 0.5 mi | $2,999,000 List Price | 4 | 4 | 1,876 | $1,599 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive infrastructure overhaul within the last 1-4 years, including a full electrical rewire (2020), new high-efficiency HVAC system (2023), and a complete roof replacement (2020). With pristine structural integrity and all major systems updated to modern standards, it meets the criteria for a recent high-end renovation.
Situated on a rare 5,685 sqft double lot with RH2 zoning, the property offers massive upside to develop 4 to 6 units plus ADUs under San Francisco's Housing Opportunity Ordinance.
The residence features significant recent capital improvements, including a 2020 roof replacement, a full 200-amp electrical rewire, and a high-efficiency 2023 HVAC system.
A heavy-duty 3-car drive-through garage provides unparalleled vehicle capacity and storage space, a highly sought-after and scarce amenity in the Central Richmond district.
The $3.9M price point reflects the property's intrinsic development value, which may be a barrier for traditional single-family buyers not looking to undertake a major construction project.
Although the lower-level studio is well-equipped, it requires the addition of an exterior entrance and formal permitting to be fully legalized as an income-producing ADU.
Rare Central Richmond Trophy Property on an Unprecedented Double Lot. An extraordinary 1922 Edwardian-era residence nestled in SF's highly coveted Central Richmond district. Offering a sprawling 2,430+/-sf of living space situated on a massive 5,685+/- sf double lot with an expansive 45.5+/-sf st frontage, this property represents a generational investment opportunity with unmatched development upside. The main level spans 1,980+/- sf, offering an elegant layout that effortlessly blends classic architectural character with major capital improvements. Home features pristine structural integrity, highlighted by a comprehensive 2020 infrastructure overhaul including a complete down-to-the-rafters roof replacement with new 30-year shingles, new gutters, & fresh interior/exterior paint. A heavy-duty 3-car drive-through garage provides rare vehicle capacity & unparalleled utility/storage space. Income & Multigenerational Flexibility: The lower level hosts a private 450+/- sf studio bedroom complete with its own kitchenette & full bath perfect for an independent adult or guest suite. It is fully wired for an independent heat pump/AC system with dedicated side-alley clearance. With the simple addition of an exterior entrance & proper permitting, this space potentially yields a seamless path to a fully legalized ADU. Mechanical & Efficiency Upgrades: Electrical(2020): Full house rewire from the PG&E transformer forward, featuring a new meter, robust 200-amp service, & a dedicated backup generator connection(hookup only)HVAC (2023): High-efficiency 80% AFUE gas furnace with insulated ducting, a new chimney liner, & a programmable smart thermostat. Plumbing: Excellent condition boasting powerful 65 psi main water pressure, paired with modern eco-friendly flow-restriction fixtures for water conservation. Unmatched Development Potential: Zoned RH2 with a 40-foot height limit, this parcel is a developer's dream. Under San Francisco's active Housing Opportunity Ordinance, this oversized lot is positioned for significant density exceptions, allowing for a transformation of up to 4 units plus additional ADU potential. (Buyer to verify). With a nearby 3,001+/- sf vacant lot recently commanding nearly $500/sf ($1.495M), the intrinsic land value of this 5,685+/- sf footprint alone is staggering, whether you choose to preserve this grand single-family estate with a massive private yard, construct a multi-unit compound, or expand upward to capture sweeping neighborhood view
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 1,980 | 1,757.739 |
| Lot Size | 5,680 | 2,673.006 |
| Price | $3.90M | $1.97M |
| Price per sq ft | $2.0K | $1.2K |
| Built year | 1922 | 1931 |
| HOA | $0 | $176 |
| Days on market | 10 | 45 |
Oct 14, 2026
$3,900,000
Initial Listing