
San Francisco, CA 94121
This Richmond District Two-Family Dwelling represents a High-Potential Investment Opportunity, listed at $2,500,000—positioned slightly above the $2,463,293 Fair Market Value. Featuring 4,624 sq. ft. of living space, this Condition Rating 5 asset requires comprehensive modernization, offering significant upside through renovation and potential legalization of bonus units. Located near Lafayette Elementary (9/10) and Presidio Middle (8/10), the property provides exceptional versatility for Buy-and-Hold Investors or Multigenerational Buyers seeking a value-add project in a prime San Francisco corridor.
Property is extensive renovation needed.
Built in 1989 (>30 years old) and appears to be in mostly original condition. The listing explicitly states the property is 'ready for renovation and modernization,' and photos show bare subfloors and a dated kitchen with original oak cabinetry and white appliances, indicating a full rehab is necessary.
Elementary School: Lafayette Elementary School (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Boasting approximately 4,624 sq. ft. with two primary 3BD/2BA flats and two bonus apartments, this property offers exceptional flexibility for multigenerational living or high-yield investment.
The property will be delivered fully vacant at close, a significant advantage in San Francisco that allows for immediate renovation, market-rate leasing, or owner-occupancy without tenant complications.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4624, other record living area = 3340.
The residence is in need of comprehensive renovation and modernization, necessitating a substantial additional capital investment to bring the interiors up to contemporary standards.
The two bonus apartments are not currently legally recognized, placing the burden and risk on the buyer to navigate complex City approval processes for potential future legalization.
Substantial vacant Richmond District two-family dwelling with bonus apartments and approx. 4624 sq. ft. of living space, per professional floor plan measurements. Built in 1989 and to be delivered vacant at close, the property offers two spacious 3BD/2BA primary flats plus two existing bonus apartments, creating flexibility for owner-occupants, investors, and multigenerational buyers. The upper owner's residence offers approx. 1597 sq. ft. with LR, formal DR with FP, eat-in kitchen, primary suite, and two rear BRs for added privacy. Above is an approx. 796 sq. ft. 1BD/1BA penthouse bonus apartment with direct roof access. The second primary flat offers approx. 1580 sq. ft. with a similar 3BD/2BA layout, including LR, formal DR with FP, eat-in kitchen, primary suite, and two rear BRs. The ground level includes a large garage, separate storage/workshop room, approx. 651 sq. ft. 1BD/1BA bonus apartment, and common backyard. Ready for renovation and modernization, the property offers an opportunity to reposition one of the Richmond District's larger multifamily properties and explore possible future legalization of the bonus apartments, subject to buyer investigation and City approval. Near Golden Gate Park, Ocean Beach, Lands End, Lincoln Park Golf Course, and the Clement, Balboa, California, and Geary Street shopping, dining, and transit corridors. Legally recognized as a two-family dwelling. Sq. ft., permits, legal use, zoning, development potential, and all improvements to be verified by buyer.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 0.0 |
| Baths | 6.0 | 0.0 |
| Square foot | 4,624 | - |
| Lot Size | 3,001 | - |
| Price | $2.50M | $2.06M |
| Price per sq ft | $541 | $729 |
| Built year | 1989 | 0 |
| HOA | $0 | $0 |
| Days on market | 20 | 62 |
Jul 2, 2026
$2,500,000
Initial Listing