513 Athens Street, San Francisco, CA 94112, San Francisco, 94112 - 2 bed, 1 bath
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San Francisco, CA 94112
This property represents a High-Potential Investment Opportunity with a List Price of $495,000—positioned well below the $497,659 Fair Market Value by 1%. This valuation gap offers $2,659 in Instant Equity, with significant forced appreciation potential through redevelopment. While the cottage has a Condition Score of 5 requiring total restoration, the oversized lot and Zoning for 2 Units + ADU provide massive upside. Located near Lowell High School, this Value-Add Asset is a prime acquisition for Developers or Fix-and-Flip Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 513 Athens Street Subject | $495,000* List Price | 2 | 1 | 740 | $673 | - |
A 658 Lisbon Street Sold | $540,000 | 2 | 1 | 815 | $663 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1900-built cottage is marketed primarily as a restoration or redevelopment project. The interior shows significant age with mismatched flooring, dated kitchen and bathroom fixtures, unconventional layouts like a ladder-access loft, and visible wear throughout. The listing description confirms the need for extensive renovation or total redevelopment to meet modern living standards.
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 property sits on an unusually large lot for the neighborhood with zoning that may allow for a two-unit building plus an ADU, offering massive upside for developers and investors.
Perfectly positioned on a quiet, flat block between the vibrant commercial corridor of Mission Street and the expansive recreational trails and golf course at McLaren Park.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 740, other record living area = 500.
The original 1900s cottage likely requires a complete restoration or total redevelopment, necessitating significant additional capital and construction expertise.
With only 740 square feet of living area, the current structure is too small for most modern buyers, making immediate expansion or replacement a necessity rather than an option.
Rare opportunity to restore, expand, or redevelop on an oversized lot in San Francisco's sunny Excelsior neighborhood. Located on a quiet, flat block of Athens Street, the property sits conveniently between the vibrant shops, restaurants, and transit along Mission Street and the expansive trails, playgrounds, and Gleneagles Golf Course at McLaren Park. The existing early 1900s cottage offers classic character and sits on an unusually large lot, with a spacious basement and potential for three car parking. Buyers may choose to restore and renovate the existing home, expand into a larger single family residence, or reimagine the property entirely. For developers and investors, the property may also present compelling redevelopment potential. Under San Francisco's newer family friendly zoning provisions and ministerial approval pathways, buyers may explore the possibility of adding an additional unit, creating a two unit building, or potentially a two unit property with an ADU at the rear of the lot, buyer to verify. Preliminary development analysis prepared by City Structure Inc. available for review. A rare opportunity to create a custom home, development project, or long term investment in one of San Francisco's most up and coming neighborhoods.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 38% |
| Baths | 1.0 | 2.0 | 34% |
| Square foot | 740 | 1,402.5 | 3% |
| Lot Size | 2,495.988 | 2,500 | 32% |
| Price | $495.0K | $1.21M | 1% |
| Price per sq ft | $669 | $870 | 14% |
| Built year | 1900 | 1925 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 179 | 7% |
Feb 13, 2026
$495,000
Initial Listing
Nov 25, 1997
$175,000
Public Record