
San Francisco, CA 94121
This High-Potential Investment Opportunity is a Residential Income Duplex listed at $1,600,000, positioned slightly above the $1,523,724 Fair Market Value. While the property is currently tenant-occupied, it offers a Condition Rating of 4, featuring functional layouts and a two-car garage. Located in the Outer Richmond near Top-Rated Schools like Lafayette Elementary and Presidio Middle, the asset provides immediate, stable cash flow. This is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange buyers seeking a low-maintenance, supply-constrained coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 509-511 44th Avenue Subject | $1,600,000* List Price | 4 | 2 | 2,600 | $586 | - |
A 3126 Balboa Street Sold | $1,900,000 | 4 | 4 | 3,130 | $607 | 0.7 mi |
B 546-548 41st Avenue Pending | $1,348,000 List Price | 4 | 2 | 2,850 | $473 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1948, the property features renovations (kitchen and baths) that appear to be 15-25 years old. While the units are well-maintained and functional for tenants, the finishes are dated and will eventually require modernization to reach top market rents.
Elementary School: Lafayette Elementary School (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Situated in the highly desirable Outer Richmond/Sutro Heights neighborhood, the property is just blocks from Ocean Beach, Lands End, and Golden Gate Park, ensuring long-term desirability and value retention.
The duplex features two spacious, identical 2-bedroom flats with formal dining rooms and a side-by-side two-car garage, offering a highly marketable and efficient floor plan for tenants.
The property was recently sold within the past year on 2025-10-21. The sold price is $1,400,000.00.
The property is currently available for drive-by viewing only with no interior access allowed initially, which limits a buyer's ability to perform immediate, comprehensive physical due diligence.
Being fully tenant-occupied in San Francisco means the new owner inherits existing leases and is subject to local rent control ordinances, which may restrict the ability to immediately adjust rents to market rates.
Prime investment opportunity in San Francisco's highly desirable Outer Richmond / Sutro Heights neighborhood. This fully tenant-occupied, low-maintenance 1948 duplex features two well-proportioned, light-filled units totaling approximately 2,600 sq. ft. of living space. Positioned just blocks from Ocean Beach, Lands End, and Golden Gate Park, this property offers immediate, steady cash flow in a supply-constrained coastal submarket. With strong rental demand, identical classic layouts, and solid structural fundamentals, 509-511 44th Avenue represents an exceptional addition to any buy-and-hold portfolio or 1031 exchange. The building comprises two identical two-bedroom, one-bathroom flats (approx. 1,145 sq. ft. per unit), each designed with functional layouts that consistently attract long-term tenants. A classic tunnel entrance provides private access to each flat. Both residences feature expansive living rooms, formal dining rooms for flexible living configurations, and full bathrooms equipped with separate soaking tubs and shower stalls. The kitchens offer abundant counter space and cabinetry, accommodating efficient daily operations. The ground level includes a spacious two-car side by side garage providing ample room for tenant parking, and laundry infrastructure. To the rear, a low-maintenance paved backyard offers utility and outdoor space for occupants. Situated on a quiet residential street, the location provides proximity to MUNI transit along Geary Boulevard and Balboa Street, commercial corridors, highly rated local dining, and major natural attractions including Sutro Heights and the Lands End Trail. Both units are being sold tenant-occupied; drive-by viewing only. Do not disturb occupants. Showing schedules, rent roll, and disclosure packages are available upon request. (Photos are from previous listing when unit is vacant)
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.3 mi
Grades K-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.8 |
| Baths | 2.0 | 4.0 |
| Square foot | 2,600 | 3,171.882 |
| Lot Size | 1,875 | 2,678.029 |
| Price | $1.60M | $2.08M |
| Price per sq ft | $615 | $709 |
| Built year | 1948 | 1925 |
| HOA | $0 | $0 |
| Days on market | 15 | 66 |
Aug 25, 2026
$1,600,000
Initial Listing
Oct 21, 2025
$1,400,000
Public Record