
San Francisco, CA 94107
This property represents a High-Potential Investment Opportunity, listed at $730,000—positioned above the $623,496 Fair Market Value by 17%. While the list price exceeds current market estimates, the unit offers a Condition Rating of 4, indicating a need for modern updates to maximize rental yields. Located in the full-service Palms at South Beach, the asset provides high-demand amenities and proximity to major transit hubs. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey-ready lifestyle in a prime urban district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 555 4th Street Unit 549 Subject 1 bd · 1 ba · 632 sqft · $987 | $730,000* List Price | 1 | 1 | 632 | $987 | - |
A 821 Folsom Street 419 Sold 1 bd · 1 ba · 649 sqft · $906 · 0.3 mi | $588,000 | 1 | 1 | 649 | $906 | 0.3 mi |
B 829 Folsom Street 202 Sold 1 bd · 1 ba · 716 sqft · $838 · 0.3 mi | $600,000 | 1 | 1 | 716 | $838 | 0.3 mi |
C 200 Townsend Street #13 Sold 1 bd · 2 ba · 734 sqft · $906 · 0.2 mi | $665,000 | 1 | 2 | 734 | $906 | 0.2 mi |
D 177 Townsend Street 237 Sold 1 bd · 1 ba · 744 sqft · $880 · 0.3 mi | $655,000 | 1 | 1 | 744 | $880 | 0.3 mi |
E 300 3rd Street 915 Sold 1 bd · 1 ba · 807 sqft · $867 · 0.3 mi | $700,000 | 1 | 1 | 807 | $867 | 0.3 mi |
F 200 Townsend Street 28 Sold 1 bd · 2 ba · 840 sqft · $940 · 0.2 mi | $790,000 | 1 | 2 | 840 | $940 | 0.2 mi |
G 300 3rd Street 724 Sold 1 bd · 2 ba · 807 sqft · $867 · 0.3 mi | $700,000 | 1 | 2 | 807 | $867 | 0.3 mi |
H 821 Folsom Street Active 1 bd · 1 ba · 662 sqft · $944 · 0.3 mi | $625,000 List Price | 1 | 1 | 662 | $944 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2005, the property is 21 years old relative to the 2026 listing date. According to the criteria, properties over 20 years old without documented renovations are considered dated and likely require minor updates to kitchens, bathrooms, and mechanical systems to meet modern standards.
The Palms offers a luxury lifestyle with 24-hour concierge, security, a fitness center, yoga studio, and a private theater, providing high value and convenience for residents.
Situated near Caltrain, the Bay Bridge, and HWY 80, this property offers unparalleled access for commuters and is walking distance to Oracle Park, Mission Bay, and major tech hubs.
Positioned as a turnkey rental opportunity in the desirable South Beach/SoMa district, the unit is well-suited for investors seeking consistent demand in a high-growth urban neighborhood.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =63237, other record lot size in square feet = 70323.
Parking is only available via a monthly lease fee rather than being included or deeded, which increases monthly expenses and may impact long-term resale appeal.
With an HOA fee of $684 plus the additional cost for leased parking, the monthly overhead is relatively high for a one-bedroom unit of 632 square feet.
Welcome to The Palms at South Beach in District 9. Conveniently located off the Bay Bridge and HWY 80. The Palms offers a splendid collection of amenities, including 24-hour concierge and security, a fitness center, a private theater, a yoga studio, a business center, and a community lounge. Location, location, location: It is near the major sports arena, like Oracle Park, or just a short ride away. All urban amenities, including public transit, Caltrain, Whole Foods, Mission Bay, the waterfront, restaurants, cafes, shopping, and nightlife, are within reach, with convenient access to Downtown and major transportation routes. An exceptional opportunity to own a rental income property in a location that makes it one of SoMa's most convenient full-service communities. Leased parking available for a monthly fee
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 632 | 1,111.771 |
| Lot Size | 63,237 | 9,271.706 |
| Price | $730.0K | $1.25M |
| Price per sq ft | $1.2K | $1.1K |
| Built year | 2005 | 1989 |
| HOA | $684 | $804 |
| Days on market | 8 | 67 |
Oct 16, 2026
$730,000
Initial Listing
Sep 6, 2006
$545,000
Public Record