649-651 Francisco St, San Francisco, CA 94133, San Francisco, 94133 - 6 bed, 0 bath
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San Francisco, CA 94133
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 Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Property is new construction or fully renovated.
The property features extensively remodeled residential units with high-end modern finishes. The kitchens are equipped with professional-grade stainless steel appliances, shaker cabinetry, and quartz countertops, while the bathrooms showcase contemporary large-format tiling and glass enclosures. With all-new windows, hardwood flooring, recessed lighting, and skylights, the property meets the highest quality standards for a recent renovation.
The property generates a robust annual income of approximately $288,000, anchored by a high-value commercial space previously leased at $14,000 NNN and two premium residential units.
The building is positioned for a 'Fast-Track' condo conversion into three separate units (one commercial, one residential, one ADU), offering a clear path to maximize equity and resale value.
Both residential units feature extensive modern upgrades, including all-new windows, hardwood flooring, and private decks, ensuring high tenant retention and premium rental rates in a desirable corner location.
Despite the availability of seller financing, the requirement of a 40-50% down payment necessitates a significant liquid cash position from potential investors.
A large portion of the projected income relies on the specialized cannabis-zoned commercial space, which may face longer vacancy periods or sensitivity to regulatory shifts in that specific retail sector.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 6.0 | 50% |
| Baths | 0.0 | 3.0 | 14% |
| Square foot | 2,740 | 3,852 | 29% |
| Lot Size | 1,500 | 1,530 | 43% |
| Price | $7.60M | $3.15M | 86% |
| Price per sq ft | $2.8K | $944 | 86% |
| Built year | 1950 | 1912 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 141 | 139 | 71% |
Feb 5, 2026
$7,600,000
$9,700,000
-22% Price Drop
Initial Listing
Dec 2, 2025
$9,700,000
Initial Listing