4829 California Street, San Francisco, CA 94118, San Francisco, 94118 - 9 bed, 4 bath
Loading property details...
San Francisco, CA 94118
This High-Potential Multi-Unit Asset is listed at $2,800,000, representing a stable entry point at its $2,800,000 Fair Market Value. Maintaining a Fair Condition Rating, the 1922 structure offers massive value-add potential via two vacant units and 2,000 sqft of bonus space suited for ADU conversion. Boasting a 98 Walk Score near the Presidio and Golden Gate Park, the property ensures consistent rental demand in a premier rental corridor. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to capitalize on San Francisco’s Inner Richmond market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4829 California Street Subject | $2,800,000* List Price | 9 | 4 | 4,080 | $686 | - |
A 467 7th Avenue Sold | $2,668,000 | 7 | 4 | 3,718 | $718 | 0.4 mi |
B 456-458 11th Avenue Active Under Contract | $2,600,000 List Price | 9 | 6 | 4,512 | $576 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1922, this multi-unit property is described as well-maintained but shows signs of its age consistent with the 'fair' criteria. While the vacant units are move-in ready for tenants, the property is marketed as a 'value-add' opportunity with 'high-potential,' implying that kitchens, bathrooms, and major systems are functional but likely outdated and in need of modernization to achieve peak market value. The presence of original architectural details and the need for potential seismic or system upgrades typical of century-old San Francisco structures align with a well-kept but aged classification.
With two units delivered vacant, including a large 3-bedroom flat, investors can immediately capture market-rate rents or utilize the space for an owner-user opportunity without tenant relocation hurdles.
The property features approximately 2,000 sqft of additional storage space and a vacant 3-car garage, providing a prime opportunity for ADU conversion or expansion to significantly increase the asset's value.
Boasting a Walk Score of 98, the building is steps away from the Presidio, Golden Gate Park, and the Clement Street retail corridor, ensuring historically high tenant demand and long-term appreciation.
As a multi-unit building in San Francisco with two occupied units, the property is subject to strict local rent control ordinances, which limits the ability to immediately adjust all units to market-rate pricing.
Originally constructed in 1922, the property may require significant capital expenditures for seismic retrofitting or system upgrades common in century-old structures to meet modern standards.
Rare opportunity to acquire a high-potential 4-unit building in San Francisco's coveted Inner Richmond. 4829-4835 California St features two vacant units, including a spacious 3 BD, 1 BA flat and a 2 Bd 1 Ba flat ready for market-rate rental, plus two well-proportioned 2 BD, 1 BA units with good rents. This well-maintained property offers excellent upside with a vacant 3-car garage and double the storage space approx 2,000 sqft +/- of additional space, ideal for additional income or future ADU conversion (buyer to verify). Also has ez access to roof for possible roof deck! Located in a prime rental corridor near Clement Street, Arguello Blvd, the Presidio Golf Course, and Golden Gate Park. With a Walk Score of 98, enjoy immediate access to dining, cafes, shopping, and Muni lines 1, 2, and 38. A rare investment with long-term value, strong income potential, value-add and an unbeatable location in one of San Francisco's most desirable neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 9.0 | 4.5 | 83% |
| Baths | 4.0 | 2.0 | 72% |
| Square foot | 4,080 | 3,070 | 78% |
| Lot Size | 3,750.52 | 2,996.93 | 94% |
| Price | $2.80M | $1.76M | 72% |
| Price per sq ft | $686 | $671 | 56% |
| Built year | 1922 | 1910 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 282 | 221 | 78% |
Jul 14, 2025
$2,800,000
Initial Listing