607-609 Masonic Avenue, San Francisco, CA 94117, San Francisco, 94117 - 6 bed, 4 bath
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San Francisco, CA 94117
This four-unit High-Potential Investment Opportunity is listed at $1,549,000—positioned well below the $1,809,235 Fair Market Value by 14%. This valuation gap offers $260,235 in Instant Equity. With a Condition Rating of 4, the property requires modernization, yet provides immediate rental income and a vacant unit for owner-occupancy. Located in NOPA with a 95 Walk Score and proximity to top-rated schools like Chinese Immersion at Deavila, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 607-609 Masonic Avenue Subject | $1,549,000* List Price | 6 | 4 | 3,516 | $515 | - |
A 516 Stanyan Street Sold | $1,790,000 | 5 | 4 | 3,208 | $558 | 0.4 mi |
B 412-414 Central Avenue Sold | $1,700,000 | 5 | 2 | 3,390 | $501 | 0.2 mi |
C 446-448 Waller Street Sold | $1,810,000 | 7 | 0 | 3,600 | $503 | 0.9 mi |
D 616-618 Masonic Avenue Active | $1,888,000 List Price | 5 | 0 | 3,965 | $476 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1916, the property features kitchens and bathrooms that are functional but significantly dated, appearing to be over 20 years since the last major renovation. While the building is income-producing and has separate meters, the interior finishes, older cabinetry, and basic fixtures require modernization and minor repairs to meet current market 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).
Boasting a 95 Walk Score, the property is situated in the highly sought-after North Panhandle neighborhood, steps from the Divisadero corridor, Haight Street, and the Panhandle park.
The delivery of one vacant unit provides an immediate opportunity for an owner-occupant or market-rate rental, complemented by additional vacant bonus rooms and flex spaces for future optimization.
With three of the four units currently occupied, the new owner will be subject to San Francisco's stringent rent control laws, potentially limiting immediate cash flow optimization and renovation flexibility.
Built in 1916, this century-old structure may require significant ongoing capital expenditures for seismic retrofitting or modernization of aging systems typical of historic multi-unit buildings.
Situated in San Francisco's vibrant North Panhandle neighborhood, this four-unit building offers a rare and versatile investment opportunity ideal for both investors and owner-occupants. Spanning approximately 3,516 square feet, the property features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. An additional flex room or office space adds space and flexiblity for both 1-bedroom units. The ground level also includes vacant bonus rooms separate from the four units. Three of the four units are currently tenant-occupied, providing immediate rental income, while one 1-bedroom unit will be delivered vacant - perfect opportunity for an owner-occupant or for additional rental upside. Property amenities include one-car parking, a shared backyard, coin-operated laundry, and separate gas and electric meters for each unit. Just blocks from Haight Street, the Panhandle park, the Divisadero corridor, and the heart of NOPA, this is one of San Francisco's most vibrant neighborhoods with a 95 Walk Score.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 5.0 | 70% |
| Baths | 4.0 | 3.5 | 50% |
| Square foot | 3,516 | 3,101.5 | 70% |
| Lot Size | 2,500 | 2,557 | 50% |
| Price | $1.55M | $1.75M | 40% |
| Price per sq ft | $441 | $525 | 20% |
| Built year | 1916 | 1904 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 202 | 10% |
May 13, 2026
$1,549,000
Initial Listing
Jul 24, 1998
$473,000
Public Record