616-618 Masonic Avenue, San Francisco, CA 94117, San Francisco, 94117 - 5 bed, 0 bath
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San Francisco, CA 94117
This Strategic Value-Add Duplex represents a High-Potential Investment Opportunity listed at $1,888,000, aligning precisely with its $1,888,000 Fair Market Value. Spanning a substantial 3,965 Sqft, the asset features a vacant three-bedroom unit and significant expansion potential within the existing envelope. While currently holding a Value-Add Condition Rating due to aging infrastructure, its prime location near the University of San Francisco and the Panhandle ensures resilient rental demand. This property is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to capture market-rate upside through strategic modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 616-618 Masonic Avenue Subject | $1,888,000* List Price | 5 | 0 | 3,965 | $476 | - |
A 516 Stanyan Street Sold | $1,790,000 | 5 | 4 | 3,208 | $558 | 0.5 mi |
B 412-414 Central Avenue Sold | $1,700,000 | 5 | 2 | 3,390 | $501 | 0.2 mi |
C 1215 Oak Street Sold | $2,060,000 | 4 | 4 | 3,930 | $524 | 0.4 mi |
D 446-448 Waller Street Sold | $1,810,000 | 7 | 0 | 3,600 | $503 | 0.9 mi |
E 1012 Page St Active | $2,199,000 List Price | 0 | 0 | 3,780 | $582 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1919, this duplex is marketed as a value-add investment requiring strategic interior and exterior renovations. While one unit is occupied and functional, the property features dated finishes, older kitchen appliances, and aged systems that show signs of wear. It requires modernization to meet current market standards but remains habitable, fitting the criteria for a well-maintained but outdated property.
Situated near the University of San Francisco and the Panhandle, the property sits in a high-demand rental submarket with excellent proximity to transit, dining, and parks.
The combination of a vacant three-bedroom unit and potential expansion space within the existing building envelope allows for immediate market-rate leasing and equity growth.
With nearly 4,000 square feet of living space, the property offers large unit footprints that are highly attractive to both long-term tenants and potential owner-occupiers.
Built in 1919, the property likely requires significant capital expenditure for modernization and system upgrades to meet contemporary standards and maximize efficiency.
The presence of an occupied unit in San Francisco necessitates navigating complex rent control and tenant protection laws, which may limit immediate repositioning strategies.
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 core San Francisco location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 5.0 | 50% |
| Baths | 0.0 | 3.0 | 40% |
| Square foot | 3,965 | 3,208 | 73% |
| Lot Size | 2,495.99 | 2,614 | 40% |
| Price | $1.89M | $1.90M | 47% |
| Price per sq ft | $476 | $558 | 13% |
| Built year | 1919 | 1904 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 99 | 189 | 20% |
Jan 13, 2026
$1,888,000
Initial Listing