
San Francisco, CA 94118
This Turnkey Quadruplex represents a High-Potential Investment Opportunity, listed at $1,998,000—positioned slightly above the $1,919,896 Fair Market Value. Despite the premium, the property offers a Condition Rating of 3, featuring 400-amp electrical service, separate metering, and hardwood floors. Located in the Inner Richmond near Top-Rated Schools like Chinese Immersion School at Deavila (9/10) and Lowell High School (10/10), this asset provides stable rental demand. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a professionally managed, income-generating property in a prime San Francisco location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 724 8th Avenue Subject | $1,998,000* List Price | 4 | 4 | 3,600 | $533 | - |
A 326 11th Avenue Pending | $1,600,000 List Price | 4 | 4 | 3,580 | $447 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1924, the property is described as a turnkey asset maintained to a high standard. Key systems have been modernized, specifically the electrical panels (400 amps), and the units feature tasteful updates and hardwood floors, making it move-in ready and functional.
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 just steps from Golden Gate Park and the vibrant shops and dining of the Richmond District, this property occupies a highly coveted rental location with consistently high tenant demand.
Meticulously maintained by the same family for 50 years, the building features updated 400-amp electrical service, separate metering, and professional management, ensuring low immediate capital expenditure.
The building is comprised exclusively of one-bedroom units, which may restrict the target demographic and limit appeal to larger families or those seeking multi-bedroom configurations.
Despite significant updates, the 1924 construction may require ongoing attention to vintage systems and compliance with San Francisco's evolving building codes and rent control ordinances.
724 8th Avenue is a pride of ownership investment opportunity in the Inner Richmond. The property consists of four one-bedroom apartments that have classic San Francisco charm. The units boast hardwood floors, high ceilings, tasteful updates, and great natural light. Each floor plan is nearly identical with a large living room and separate alcove that makes a great home office, nursery, or walk-in closet. The bedrooms are connected to the living room via French doors, offering flexibility in how the space is used. The garage can ccommodate independent parking for 3 cars. The property is conveniently located near Fulton Street, Golden Gate Park, and all of the shops, restaurants, and nightlife in the Richmond district. Owned by the same family for almost 50 years and professionally managed, the property has been maintained to a high standard. The main electrical panels have been updated and indicate 400 amps of service. The units are separately metered for gas and electricity, keeping operating expenses low. This is an excellent opportunity to purchase a turnkey asset with upside potential in a sought-after rental location.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 3,600 | - |
| Lot Size | 3,001 | - |
| Price | $2.00M | $2.06M |
| Price per sq ft | $555 | $729 |
| Built year | 1924 | 0 |
| HOA | $0 | $0 |
| Days on market | 33 | 62 |
Jun 19, 2026
$1,998,000
Initial Listing