615-617 Octavia Street, San Francisco, CA 94102, San Francisco, 94102 - 4 bed, 1 bath
ACTIVE UNDER CONTRACT$1,550,000
615-617 Octavia Street, San Francisco, CA 94102
4Beds
1Bath
1,880Sqft
1,393.92Lot
Year Built
1900
Close
-
List price
$1.55M
Original List price
-
Price/Sqft
$824
HOA
$0
Days on market
-
Sold On
-
MLS number
425058472
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $1.55M(50th), sqft - 1880(40th), beds - 4(40th), baths - 1(80th).
Located in the heart of Hayes Valley, one of San Francisco's most coveted neighborhoods, this property offers an exceptional investment opportunity. Unit 617 is a beautifully renovated top-floor flat featuring 2 bedrooms, 1.5 bathrooms, and in-unit laundry. Unit 615 is a 2-bedroom, 1.5-bathroom middle flat. The ground-level Unit 613 has private street access and is currently down to the studs, with plans submitted to city to build a one-bedroom apartment with office space. Plans have also been submitted to the city to legalize the unit. Located just one block from Trader Joe's, public parks, cafes, boutiques, excellent restaurants, and within walking distance to BART, this property is ideally positioned for long-term growth. Whether you're an investor seeking strong rental income or an owner-occupant planning for the future, this opportunity provides exceptional value in an unbeatable location.
Nearby schools
7/10
Muir (John) Elementary School
Public,•K-5•0.4mi
4/10
Parks (Rosa) Elementary School
Public,•K-5•0.5mi
2/10
Sanchez Elementary School
Public,•K-5•1.0mi
6/10
San Francisco Public Montessori School
Public,•K-5•1.1mi
9/10
Chinese Immersion School At Deavila
Public,•K-5•1.2mi
/10
Chinese Education Center
Public,•K-5•1.6mi
1/10
Mission Education Center
Public,•K-5•2.5mi
2/10
Fairmount Elementary School
Public,•K-5•2.6mi
4/10
Everett Middle School
Public,•6-8•1.0mi
3/10
Carmichael (Bessie)/Fec
Public,•K-8•1.0mi
4/10
Buena Vista/ Horace Mann K-8
Public,•K-8•1.7mi
6/10
Rooftop Elementary School
Public,•K-8•1.9mi
3/10
Lick (James) Middle School
Public,•6-8•2.0mi
9/10
Lilienthal (Claire) Elementary School
Public,•K-8•2.0mi
8/10
Yu (Alice Fong) Elementary School
Public,•K-8•2.7mi
2/10
Revere (Paul) Elementary School
Public,•K-8•2.9mi
8/10
Presidio Middle School
Public,•6-8•3.6mi
3/10
San Francisco Community Alternative School
Public,•K-8•3.6mi
9/10
Lawton Alternative Elementary School
Public,•K-8•3.8mi
2/10
Wells (Ida B.) High School
Public,•9-12•0.5mi
7/10
Wallenberg (Raoul) Traditional High School
Public,•9-12•1.1mi
3/10
Mission High School
Public,•9-12•1.1mi
3/10
O'connell (John) High School
Public,•9-12•1.4mi
1/10
Downtown High School
Public,•9-12•1.6mi
8/10
Galileo High School
Public,•9-12•1.8mi
2/10
S.F. International High School
Public,•9-12•1.8mi
6/10
Academy Of Arts And Sciences
Public,•9-12•2.6mi
9/10
Asawa (Ruth) San Francisco School Of The Arts, A Public School.
Public,•9-12•2.6mi
2/10
Marshall (Thurgood) High School
Public,•9-12•3.2mi
7/10
Washington (George) High School
Public,•9-12•3.7mi
7/10
Lincoln (Abraham) High School
Public,•9-12•3.7mi
7/10
Balboa High School
Public,•9-12•3.9mi
2/10
Jordan (June) School For Equity
Public,•9-12•4.0mi
5/10
Burton (Phillip And Sala) Academic High School
Public,•9-12•4.1mi
10/10
Lowell High School
Public,•9-12•4.5mi
Price History
Date
Event
Price
07/17/25
Price Change
$1,550,000
07/21/23
Sold
$990,000
Condition Rating
Poor
The property, built in 1900, presents a highly mixed condition. While Unit 617 (top-floor) appears beautifully renovated with modern kitchen (white shaker cabinets, new black/stainless steel appliances, light countertops, black faucet), updated bathroom (modern toilet, dark tile), hardwood floors, and recessed lighting, Unit 613 (ground-level) is explicitly 'down to the studs' and unlivable, requiring substantial rehabilitation and legalization. The condition of Unit 615 (middle flat) is not detailed but is likely older given the building's age and lack of renovation mention. The presence of a unit in a 'tear-down' state that requires extensive capital investment and regulatory hurdles, combined with the overall age of the building (1900) and the inherent need for potential major system upgrades (plumbing, electrical, foundation) for such an old structure, places the overall property in the 'Poor' category. Significant defects and rehabilitation are required for a substantial portion of the property.
Pros & Cons
Pros
Great Schools: Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Prime Hayes Valley Location: Situated in the highly coveted Hayes Valley neighborhood, offering exceptional lifestyle and investment appeal due to its desirability and strong demand.
Significant Value-Add Potential: The ground-level Unit 613 is 'down to the studs' with plans submitted for a new apartment and legalization, presenting a clear opportunity to substantially increase property value and rental income.
Strong Income-Generating Asset: As a multi-unit residential income property, it offers existing rental income from two units and the potential for a third, making it attractive for investors seeking strong returns.
Renovated Top-Floor Unit: Unit 617 is beautifully renovated with modern amenities and in-unit laundry, providing immediate high-quality living or premium rental income.
Excellent Walkability & Local Amenities: Located just one block from Trader Joe's, public parks, cafes, boutiques, excellent restaurants, and within walking distance to BART, enhancing tenant appeal and convenience.
Cons
Extensive Renovation & Legalization Required: The ground-level unit requires significant capital investment for renovation and faces regulatory hurdles for legalization, entailing considerable time, cost, and risk for the buyer.
Historic Building Maintenance: Built in 1900, the property may necessitate ongoing maintenance and potential upgrades to older systems (e.g., plumbing, electrical, foundation) typical of buildings of this age, which can be costly.
Uncertainty of Middle Unit Condition: While Unit 617 is renovated, the description provides limited detail on the current condition of Unit 615, suggesting it may require future updates or renovations to maximize its potential.