738 Natoma Street, San Francisco, CA 94103, San Francisco, 94103 - 6 bed, 0 bath
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San Francisco, CA 94103
This classic Victorian triplex represents a High-Potential Investment Opportunity, listed at $1,300,000—positioned well below the $1,616,795 Fair Market Value by 19%. This valuation gap offers $316,795 in Instant Equity for the savvy buyer. Featuring a Condition Rating of 3, the property includes recent capital improvements like 2024 water heaters and separate utility metering. This Buy-and-Hold Asset is perfectly suited for Income-Focused Investors or Owner-Occupants looking to leverage SoMa’s high rental demand and historic charm.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 738 Natoma Street Subject | $1,300,000* List Price | 6 | 0 | 4,120 | $392 | - |
A 75-79 Brosnan Street Sold | $1,385,000 | 8 | 4 | 3,656 | $379 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1911, the property is described as well-maintained with significant recent capital improvements, including new water heaters (2024), upgraded plumbing, and kitchen updates in select units. The combination of preserved period character and modern system upgrades makes it move-in ready and functional for an income property.
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 the heart of South of Market, the property benefits from high rental demand driven by its proximity to major tech employers, transit hubs, and a vibrant urban lifestyle.
The 1911 building retains its original charm with period details like bay windows, decorative trim, and formal dining rooms, providing a unique character that resonates with San Francisco tenants.
Many of the immediate neighborhood schools carry low performance ratings, which may deter long-term family tenants and impact future resale value to owner-occupiers.
Despite recent upgrades, a building of this age (1911) typically requires ongoing and potentially costly maintenance to address structural and systemic aging common in historic properties.
736 Natoma Street presents a rare opportunity to acquire a classic Victorian architecture triplex in the heart of South of Market (SoMa), one of San Francisco's most dynamic and evolving neighborhoods. Known for its proximity to major tech employers, transit hubs, and vibrant dining and nightlife, SoMa continues to attract a strong tenant base driven by convenience and urban lifestyle. Constructed in 1911, this well-maintained building features three spacious 2-bedroom, 1-bathroom units, each with similar, functional layouts. The property retains its original charm with period detailing throughout, including bay windows, decorative trim, formal dining rooms with built-ins, and traditional fireplaces features that continue to resonate with tenants seeking character alongside functionality. Recent capital improvements enhance the property's operational appeal, including new water heaters (2024), upgraded plumbing in select areas, a rebuilt lightwell with improved drainage, and updated kitchen and gas line improvements in select units. The property is separately metered for gas and electricity, allowing tenants to pay their own utilities and helping to minimize operating expenses.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,120 | - |
| Lot Size | 1,873 | - |
| Price | $1.30M | $2.06M |
| Price per sq ft | $316 | $729 |
| Built year | 1911 | 0 |
| HOA | $0 | $0 |
| Days on market | 82 | 62 |
May 1, 2026
$1,300,000
Initial Listing
Nov 30, 2017
$1,200,000
Public Record