5110-5112 3rd Street, San Francisco, CA 94124, San Francisco, 94124 - 5 bed, 2 bath
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San Francisco, CA 94124
Analysis of 5110-5112 3rd Street, San Francisco, CA 94124 is currently available with a list price of $1,250,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the San Francisco Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1905 with no evidence of recent renovations to kitchens, baths, or systems. Interior images show heavily dated finishes including wood-paneled attic spaces and older flooring. The property is marketed as a 'value-add opportunity' with a vacant, boarded-up retail space, indicating a need for a comprehensive rehab to address its 30+ year-old condition.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
The ground-floor commercial space is delivered vacant, providing an immediate opportunity for an owner-user to operate their business or for an investor to secure a new tenant at current market rates.
With both residential units currently occupied at below-market rents, the property offers substantial long-term value-add potential through future turnover and rent appreciation in a well-established neighborhood.
The residential units are occupied at below-market rates, which limits immediate cash flow and requires navigating San Francisco's stringent tenant protection laws to realize market-rate returns.
Originally constructed in 1905, this century-old structure may require significant capital expenditures for modern upgrades, seismic retrofitting, or addressing deferred maintenance common in older mixed-use assets.
5110-5112 Third Street is a three-unit mixed-use property in San Francisco's Bayview neighborhood, featuring two residential units (one 2BD/1BA and one 3BD/1BA) and one ground-floor commercial space. The retail unit will be delivered vacant, offering immediate lease-up or owner-user potential. Both residential units are occupied at below-market rents, providing significant upside through future turnover. Located along the Third Street commercial corridor with strong pedestrian and vehicle exposure, the property benefits from convenient access to the Muni Metro T Third Street line and neighborhood amenities serving Bayview, Bayshore, and Silver Terrace. A compelling value-add opportunity with income growth potential in one of San Francisco's well-established neighborhoods.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 3,125 | - |
| Lot Size | 2,794 | - |
| Price | $1.25M | $2.61M |
| Price per sq ft | $400 | $489 |
| Built year | 1905 | 0 |
| HOA | $0 | $0 |
| Days on market | 51 | 169 |
Jun 1, 2026
$1,250,000
Initial Listing
Sep 2, 2003
$525,000
Public Record