53065308 Mission Street, San Francisco, CA 94112, San Francisco, 94112 - bed, bath
ACTIVE$1,199,000
53065308 Mission Street, San Francisco, CA 94112
0Bed
0Bath
2,610Sqft
1,981.98Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Mixed-Use Investment Potential: The property is an excellent mixed-use triplex, offering flexibility for both residential and commercial income streams, appealing to investors or owner-occupants.
Top Cons:
Age of Property: Built in 1925, the property is nearly a century old, which may imply potential for deferred maintenance, outdated systems, and higher capital expenditure for renovations or upgrades.
Compared to the nearby listings
Price:$1.20M vs avg $987.5K (+$211,500)60%
Size:2,610 sqft vs avg 2,309 sqft60%
Price/sqft:$459 vs avg $40650%
More Insights
Built in 1925 (100 years old).
Condition: Built in 1925, this property is nearly a century old. The MLS description and property analysis explicitly mention the 'Age of Property' and the likelihood of 'deferred maintenance, outdated systems, and higher capital expenditure for renovations or upgrades.' While the exterior appears maintained, there are no interior images, particularly of kitchens and bathrooms, which are critical for assessing condition. Given the age and lack of renovation details, it is highly probable that major systems (electrical, plumbing, HVAC) and interior finishes, especially in kitchens and bathrooms, are significantly outdated and would require substantial repairs and rehabilitation to meet modern standards and comfort. The property likely needs extensive system replacements and significant cosmetic updates throughout.
Year Built
1925
Close
-
List price
$1.2M
Original List price
-
Price/Sqft
$459
HOA
$0
Days on market
-
Sold On
-
MLS number
ML82000016
Home ConditionPoor
Features
View-
About this home
Excellent investment opportunity for a mixed-use triplex in the Outer Mission, or an ideal option for an owner-occupant to live in one unit while renting out the other two. All three units are currently occupied by long-term tenants. Additionally, there is potential to create a fourth unit or ADU from the large studio unit at the rear of the property. The ground-floor front unit is currently leased as a barber shop, but it could easily accommodate other businesses, such as a restaurant or laundromat, which would be well-suited to the area. Conveniently located near public transportation, shopping, and provides easy access to freeways.
Condition Rating
Poor
Built in 1925, this property is nearly a century old. The MLS description and property analysis explicitly mention the 'Age of Property' and the likelihood of 'deferred maintenance, outdated systems, and higher capital expenditure for renovations or upgrades.' While the exterior appears maintained, there are no interior images, particularly of kitchens and bathrooms, which are critical for assessing condition. Given the age and lack of renovation details, it is highly probable that major systems (electrical, plumbing, HVAC) and interior finishes, especially in kitchens and bathrooms, are significantly outdated and would require substantial repairs and rehabilitation to meet modern standards and comfort. The property likely needs extensive system replacements and significant cosmetic updates throughout.
Pros & Cons
Pros
Mixed-Use Investment Potential: The property is an excellent mixed-use triplex, offering flexibility for both residential and commercial income streams, appealing to investors or owner-occupants.
Immediate Income Stream: All three units are currently occupied by long-term tenants, ensuring stable and immediate rental income for a new owner.
ADU/Expansion Potential: There is significant potential to create a fourth unit or Accessory Dwelling Unit (ADU) from the large studio unit, offering future income growth and increased property value.
Versatile Commercial Space: The ground-floor commercial unit, currently a barber shop, is highly adaptable for various businesses like a restaurant or laundromat, enhancing its commercial viability.
Prime Location & Accessibility: Conveniently located in the Outer Mission with easy access to public transportation, shopping, and freeways, making it attractive for both residents and businesses.
Cons
Age of Property: Built in 1925, the property is nearly a century old, which may imply potential for deferred maintenance, outdated systems, and higher capital expenditure for renovations or upgrades.
Potential for Below Market Rents: While providing stable income, long-term tenants often pay rents below current market rates, potentially limiting immediate rental income optimization for a new owner without turnover or renegotiation.
Limited Outdoor Space: With a lot size of 1981.98 sqft for a triplex, the property likely offers minimal to no private outdoor space for tenants, which can be a drawback in an urban environment.