
San Francisco, CA 94121
This Grand Edwardian Value-Add Asset is listed at $2,768,000, currently priced above the $2,609,909 Fair Market Value. Carrying a Condition Rating of 5, the 2,750 sqft residence requires a comprehensive modernization to realize its full valuation potential. The property features Ocean Views, original period details, and an expansive 4,500 sqft lot—a rarity in the Outer Richmond. Access to top-tier schools like Lafayette Elementary (9/10), Presidio Middle (8/10), and Lowell High (10/10) ensures strong long-term demand. This is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 535 42nd Avenue Subject | $2,768,000* List Price | 3 | 3 | 2,750 | $949 | - |
A 615 42nd Avenue Sold | $2,400,000 | 3 | 3 | 2,170 | $1,106 | 0.1 mi |
B 346 32nd Avenue Sold | $2,020,000 | 4 | 3 | 2,644 | $764 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1923 Edwardian is described as being available for the first time in generations, which is reflected in its significantly outdated condition. While the architectural 'bones' and period details are grand, the kitchen and bathrooms feature mid-century or older finishes that require a complete overhaul. The presence of original systems, dated flooring, and the listing's explicit suggestion to 'reimagine and elevate' the residence indicate that substantial rehabilitation and modernization of all major components are necessary.
Elementary School: Lafayette Elementary School (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
This grand 1923 residence retains exquisite original period details, including a striking staircase, formal arched windows, and a classic butler's pantry, offering rare historical character and elegance.
Situated on an expansive 4,500 sqft lot, the property features a massive backyard reminiscent of a private park, providing rare outdoor scale and significant potential for landscaping or expansion in San Francisco.
Available for the first time in generations, the home likely requires substantial modernization and capital investment to update its original systems and finishes to meet contemporary luxury standards.
A recent price reduction of over $200,000 suggests that the initial list price did not align with buyer expectations regarding the property's current 'as-is' condition and the cost of necessary improvements.
Available for the first time in generations, this grand Edwardian offers a rare opportunity to own a home rich in history and timeless elegance. From the moment you step through the front door, the home's regal presence is undeniable. Many original period details remain throughout, beginning with the striking staircase that welcomes you upon entry. The main level features a formal living room with fireplace adorned with large arched windows, filling the space with natural light. Across the foyer is the formal dining room with dramatic arched doors, which opens to a breakfast room offering neighborhood and ocean views ideal as a family room. A classic butler's pantry connects the spaces, while the kitchen and a convenient half bath complete this floor. Upstairs, the primary bedroom includes a dressing/sitting room and a small walk-in closet. Two additional bedrooms are joined by a versatile bonus room adjacent to the third bedroom, perfect for a fourth bedroom, office, or family room. This space enjoys both neighborhood and ocean views. A full bathroom and a patio located at the top of the stairs complete the upper level. The lower level offers a bonus room, an attached garage, and ample storage. Outside, the expansive backyard feels like a small private park with endless potential. An sweet opportunity to reimagine and elevate a classic residence in the sought-after Outer Richmond, with convenient walkable access to schools, neighborhood parks, shops, and local eateries.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,750 | 2,140 | 81% |
| Lot Size | 4,499.75 | 2,996.93 | 95% |
| Price | $2.77M | $2.27M | 72% |
| Price per sq ft | $1.0K | $1.1K | 44% |
| Built year | 1923 | 1922 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 100 | 153 | 37% |
Mar 11, 2026
$2,768,000
$2,998,000
-8% Price Drop
Initial Listing
Jan 12, 2026
$2,998,000
Initial Listing