649-651 Francisco St, San Francisco, CA 94133, San Francisco, 94133 - 6 bed, bath

649-651 Francisco St
San Francisco, CA 94133
Property Price
SUMMARY
Analysis of 649-651 Francisco St, San Francisco, CA 94133 is currently available with a list price of $7,600,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Francisco Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 1950, has undergone extensive remodeling in its residential units, featuring modern kitchens with stainless steel appliances, quartz countertops, and shaker cabinets, along with new hardwood flooring and windows throughout. Most bathrooms are also updated with contemporary fixtures and glass-enclosed showers. However, the presence of at least one visibly outdated bathroom with pink tiling and a pedestal sink (as seen in image 33) prevents an 'Excellent' rating, as not all components are 'virtually new, meeting current quality standards.' Despite this, the property is largely move-in ready with high-quality, recent updates in the majority of its spaces, aligning with a 'Good' condition score.
PROSSTRENGTHS & OPPORTUNITIES
- High Income-Generating Asset
The property generates approximately $288,000 annually from its residential and commercial units, with the ground-floor commercial space previously leased at a substantial $14,000 NNN per month and zoned for high-value cannabis retail.
- Prime San Francisco Corner Location
Situated on a unique and highly coveted corner in San Francisco, offering excellent visibility, accessibility, and desirability for both commercial and residential occupants.
- Extensively Remodeled & Modernized Units
Both residential units have been extensively remodeled with all-new windows, beautiful hardwood flooring, in-unit washer/dryer hookups, and seamlessly blend original charm with luxurious modern amenities.
CONSRISKS & DEFICIENCIES
- Substantial Price Reduction History
The property has undergone a significant price reduction from $9.7M to $7.6M, which may indicate previous overpricing or market resistance, potentially raising questions for prospective buyers.
- High Capital Requirement
Despite the availability of seller financing, the requirement of a 40-50% down payment for a $7.6M property represents a very substantial capital outlay, which could limit the pool of potential buyers.
- Niche Commercial Tenant Acquisition
While the cannabis retail zoning is valuable, securing a new tenant for this specialized commercial space may require a targeted marketing effort and could potentially lead to a longer vacancy period compared to general retail.
About 649-651 Francisco St
This unique corner property combines a highly coveted, commercially zoned space with two extensively remodeled residential units, 649 and 651 Francisco. The residential spaces seamlessly blend preserved original charm with luxurious modern amenities, including all-new windows, beautiful hardwood flooring, and in-unit washer/dryer hookups. Unit #649 (configured as an ADU) is a light-filled three-bedroom, two-bathroom unit featuring sky windows/skylights and a magnificent master en-suite leading to a private, 250 sq ft deck. Unit #651 offers two bedrooms, two bathrooms, a large kitchen/dining area, its own separate deck, and an easily convertible additional room for a potential third bedroom. Both units are rented for approx. 5k each. The ground-floor commercial space at 1095 Columbus Ave was formerly a cannabis dispensary (Cannabis 21) and is zoned for cannabis retail use, previously leased at a substantial $14,000 NNN per month. The building is positioned for a Fast-Track condo conversion (totaling three units: one commercial, one residential, one ADU), offering significant potential to maximize returns. Flexible Seller Financing is available to qualified buyers with a substantial down payment (40-50%). All three properties combined generate approx. 288k annually.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1950
- Lot Size
- 1,500 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 6.0 | 50% |
| Baths | - | 3.5 | 25% |
| Square foot | 2,740 | 2,753.5 | 50% |
| Lot Size | 1,500 | 1,308.98 | 63% |
| Price | $7.60M | $2.83M | 88% |
| Price per sq ft | $2.8K | $934 | 88% |
| Built year | 1950 | 1908 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 95 | 185 | 38% |
Pricing History
Listed for Sale
Feb 5, 2026
$7,600,000
$9,700,000
-22% Price Drop
Initial Listing
Price Change
Dec 2, 2025
$9,700,000
Initial Listing



























































