635-637 Spruce Street, San Francisco, CA 94118, San Francisco, 94118 - 6 bed, 0 bath
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This Triplex Residential Income property is a Strong Value Opportunity, listed at $1,795,000—positioned well below the $1,820,931 Fair Market Value by 1%. This valuation gap offers $25,931 in Instant Equity. Featuring a Mint Condition Rating with a 2025 ground-unit remodel, the building offers Edwardian charm and a massive backyard. Located in Laurel Heights near top-rated schools like Lowell High, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating asset in a prime San Francisco neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 635-637 Spruce Street Subject | $1,795,000* List Price | 6 | 0 | 1,952 | $933 | - |
A 474 2nd Avenue Sold | $1,700,000 | 4 | 0 | 1,850 | $919 | 0.4 mi |
B 523-525 7th Avenue Active | $1,998,000 List Price | 5 | 3 | 2,280 | $876 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This triplex is in mint condition with significant recent renovations: the ground unit was fully remodeled in 2025 with new appliances and hardwood, and the top unit kitchen was updated within the last 8 years. The building is well-maintained, featuring modern updates like individual washers/dryers while preserving its Edwardian charm.
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 one of San Francisco's most desirable neighborhoods, the property offers exceptional walkability to Laurel Village shopping, Target, and Trader Joe's, plus easy access to the Presidio and Golden Gate Park.
With two units currently on month-to-month leases and a fully remodeled ground-floor unit, this triplex provides a rare opportunity for either immediate owner-occupancy or market-rate rent optimization.
With a total of 1,952 square feet distributed across three 2-bedroom units, the individual living spaces and bedrooms are likely quite small, which may limit appeal for families or long-term tenants.
Each unit contains only one bathroom for two bedrooms, which can be a competitive disadvantage in the rental market compared to more modern configurations with primary suites.
Discover this unique, income-generating gem in the heart of LAUREL HEIGHTS, one of San Francisco's most coveted neighborhood. This well-maintained building blends Edwardian charm with modern updates, offering a rare for investors or multi-generational buyers. Top Floor (635): A spacious 2 BR + OFFICE / 1 BA. Historical character with original hardwood floor, bay windows, and a signature curved staircase. High ceiling, natural lighting. The kitchen was remodeled within the last year 8 years with stainless steel appliances and premium slow close cabinetry. Middle Unit (637): Bright and Airy 2 BR/1 BA unit an open floor plan and bay windows. Vinyl flooring and high ceilings. Ground level (637A): Fully remodeled in 2025 2BR / 1BA unit. This modern space features brand new hardwood floors, cabinets, new appliances and fresh paint. Convenience: Each unit includes own washer and dryer Privacy: Each unit has its own entrance Outdoor space: Massive, level backyard with large grass lawn Tenancy: 635 and 637 are on a month to month, 637A on a one-year lease, started February 2026 Steps away from Lauren Village shopping center, target, Traders Joes. Enjoy outdoor life with easy access to the presidio and Golden Gate Park. Excellent transit and biking options. Seller is a license broker.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 71% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,952 | 3,070 | 29% |
| Lot Size | 2,996 | 2,996.93 | 29% |
| Price | $1.79M | $1.79M | 50% |
| Price per sq ft | $920 | $919 | 57% |
| Built year | 1900 | 1910 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 189 | 14% |
May 13, 2026
$1,795,000
Initial Listing
Mar 31, 1998
$350,000
Public Record