663 Natoma Street, San Francisco, CA 94103, San Francisco, 94103 - 12 bed, 3 bath

663 Natoma Street, San Francisco, CA 94103 home-pic-0
ACTIVE$1,850,000
663 Natoma Street, San Francisco, CA 94103
12Beds
3Baths
4,500Sqft
1,873.08Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Premier San Francisco Location: Situated in the highly desirable and vibrant South of Market (SoMa) neighborhood, offering proximity to major tech companies, cultural institutions, dining, and entertainment.
Top Cons:
Historic Property Age: Built in 1907, the property likely requires significant capital investment for system upgrades, modernization, and potential deferred maintenance to meet contemporary living standards.

Compared to the nearby listings

Price:$1.85M vs avg $1.25M (+$600,000)67%
Size:4,500 sqft vs avg 4,500 sqft50%
Price/sqft:$411 vs avg $30967%

More Insights

Built in 1907 (118 years old).
Condition: Built in 1907, this property is significantly aged. The images reveal a very dated bathroom with a clawfoot tub, pedestal sink, and older tile work, indicating a lack of modern renovation. The visible electrical panel in the bedroom also appears to be an older model. The MLS listing itself notes a 'Historic Property Age' and states it 'likely requires significant capital investment for system upgrades, modernization, and potential deferred maintenance to meet contemporary living standards.' While the property is livable, it requires substantial repairs and rehabilitation to bring it up to current safety, efficiency, and aesthetic standards, aligning with a 'poor' condition.
Year Built
1907
Close
-
List price
$1.85M
Original List price
-
Price/Sqft
$411
HOA
$0
Days on market
-
Sold On
-
MLS number
425089913
Home ConditionPoor
Features
View-

About this home

663 Natoma Street is a 4,500 square foot multi-family property on a 1,873 square foot lot in the dynamic and vibrant South of Market neighborhood of San Francisco. The property is comprised of three (3) four bedroom/one bath apartments. The units are individually metered for gas & electricity. Situated just south of Market Street, SoMa is home to many of the city's museums, art galleries and headquarters of several major software and internet companies. The area is packed with trending bars, boutique shopping, museums, art galleries, and fine restaurants. Easy access to public transportation is a must and SoMa is surrounded by several Muni lines, from the Metro Rail to historical streetcars. This neighborhood has everything you need just a short walk or ride away. This is an ideal opportunity for an investor looking for an affordable acquisition based on a per-square foot basis with substantial upside potential, in one of the top real estate markets in the U.S. In addition this property has tremendous development potential based on RED zoning per San Francisco Planning Code and eligibility for local and California State bonuses.

Condition Rating
Poor

Built in 1907, this property is significantly aged. The images reveal a very dated bathroom with a clawfoot tub, pedestal sink, and older tile work, indicating a lack of modern renovation. The visible electrical panel in the bedroom also appears to be an older model. The MLS listing itself notes a 'Historic Property Age' and states it 'likely requires significant capital investment for system upgrades, modernization, and potential deferred maintenance to meet contemporary living standards.' While the property is livable, it requires substantial repairs and rehabilitation to bring it up to current safety, efficiency, and aesthetic standards, aligning with a 'poor' condition.
Pros & Cons

Pros

Premier San Francisco Location: Situated in the highly desirable and vibrant South of Market (SoMa) neighborhood, offering proximity to major tech companies, cultural institutions, dining, and entertainment.
Significant Development Potential: Zoned RED with eligibility for local and state bonuses, presenting a substantial opportunity for future expansion or redevelopment to maximize value.
Strong Investment Upside: Positioned as an 'affordable acquisition' on a per-square-foot basis in a top real estate market, indicating considerable potential for appreciation and increased returns for investors.
Multi-Unit Income Property: A triplex with three 4-bedroom units, individually metered, providing diversified rental income streams and a stable asset for an investor.
Exceptional Transit Accessibility: Boasts easy access to San Francisco's extensive public transportation network, including Muni lines, Metro Rail, and historical streetcars, enhancing tenant appeal.

Cons

Historic Property Age: Built in 1907, the property likely requires significant capital investment for system upgrades, modernization, and potential deferred maintenance to meet contemporary living standards.
Suboptimal Bathroom Configuration: Each of the three 4-bedroom units features only one bathroom, which is a low ratio that could negatively impact tenant desirability and rental income potential.
Constrained Lot Size: The 1,873 square foot lot is relatively small for a 4,500 square foot building, limiting outdoor space and potentially impacting future expansion options without vertical development.

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