616-618 Masonic Avenue, San Francisco, CA 94117, San Francisco, 94117 - 5 bed, 0 bath
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San Francisco, CA 94117
This Residential Income Duplex presents a High-Potential Investment Opportunity with a List Price of $1,798,000—positioned above the $1,722,333 Fair Market Value. While the property requires significant updates given its Condition Rating of 5, the vacant three-bedroom unit provides immediate lease-up potential. Located near the University of San Francisco and top-rated schools like Chinese Immersion School at Deavila, the asset benefits from durable tenant demand. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term appreciation through renovation and operational optimization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 616-618 Masonic Avenue Subject | $1,798,000* List Price | 5 | 0 | 3,965 | $434 | - |
A 412-414 Central Avenue Sold | $1,700,000 | 5 | 2 | 3,390 | $501 | 0.2 mi |
B 516 Stanyan Street Sold | $1,790,000 | 5 | 4 | 3,208 | $558 | 0.5 mi |
C 1215 Oak Street Sold | $2,060,000 | 4 | 4 | 3,930 | $524 | 0.4 mi |
D 607-609 Masonic Avenue Active | $1,549,000 List Price | 6 | 4 | 3,516 | $441 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1919, this property is over 100 years old and shows significant signs of wear, including heavily stained carpeting and a very dated kitchen with basic, older appliances. The listing explicitly identifies the property as a 'value-add' opportunity requiring strategic interior and exterior renovations and modernization of finishes.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Situated in a resilient rental submarket near the University of San Francisco and the Panhandle, the property ensures strong, durable tenant demand and long-term appreciation.
The delivery of a vacant three-bedroom unit allows for immediate lease-up at current market rates or a strategic renovation to significantly enhance rental yields.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1919, the property requires strategic interior and exterior updates to modernize finishes and optimize its operational performance for top-tier market rents.
One unit is currently occupied, which may limit immediate full-building repositioning and requires navigating San Francisco's complex rent control and tenant regulations.
Ideally located near the University of San Francisco and the Panhandle, 616-618 Masonic Avenue offers investors a rare opportunity to acquire a well-situated two-unit asset with immediate income and significant value-add upside in one of San Francisco's most resilient rental submarkets. The property consists of a two-bedroom, one-bath unit currently generating income, and a vacant three-bedroom, one-and-a-half-bath unit, allowing for immediate lease-up at market rents or repositioning for enhanced returns. The unit mix, combined with proximity to USF, public transportation, neighborhood retail, dining, and Panhandle Park, supports strong and durable tenant demand. Substantial upside potential exists through strategic interior and exterior renovations, modernization of finishes, and operational optimization. Additionally, the property may offer expansion potential within the existing building envelope (buyer to verify), providing a compelling path to further increase rentable square footage and long-term cash flow. With in-place income, a vacant unit for immediate execution, and multiple avenues for value creation, 616-618 Masonic Avenue presents an attractive opportunity for investors seeking rent growth, asset repositioning, and long-term appreciation in a San Francisco location
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 | 5.0 | 5.0 | 50% |
| Baths | 0.0 | 3.0 | 30% |
| Square foot | 3,965 | 3,101.5 | 80% |
| Lot Size | 2,495 | 2,554.5 | 50% |
| Price | $1.80M | $1.79M | 50% |
| Price per sq ft | $453 | $525 | 20% |
| Built year | 1919 | 1904 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 202 | 10% |
May 29, 2026
$1,798,000
Initial Listing
May 8, 2018
$1,500,000
Public Record