291 Dore Street, San Francisco, CA 94103, San Francisco, 94103 - 7 bed, 3 bath
ACTIVE$1,225,000
291 Dore Street, San Francisco, CA 94103
7Beds
3Baths
4,834Sqft
2,465.5Lot
Year Built
1907
Close
-
List price
$1.23M
Original List price
-
Price/Sqft
$253
HOA
$0
Days on market
-
Sold On
-
MLS number
425024264
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros.
Corner unit mixed use building with 2 large residential units and a ground floor commercial unit. Tenant occupied 3 bed 1 bath, vacant 4 bed 2 bath on the 2nd floor, and recently vacated restaurant. Large basement used for storage with separate access. Building has newer roof, seismic work, and well kept. Great owner user or investor opportunity.
Price History
Date
Event
Price
03/27/25
Price Change
$1,225,000
Condition Rating
Fair
Built in 1907, the property has received significant structural updates like a newer roof and seismic work, and is described as 'well kept.' However, the residential kitchens and bathrooms, as seen in the images, are notably outdated in style and features, likely reflecting renovations from 15-30 years ago. Appliances are older, and tile work is dated. While functional, these areas require substantial cosmetic updates to meet current standards, aligning with the 'fair' condition criteria for an aged but maintained property with outdated major components.
Pros & Cons
Pros
Diversified Income Potential: As a mixed-use property with two residential units and a commercial unit, it offers multiple income streams, enhancing investment stability and reducing risk.
Strategic San Francisco Location: Located in a high-demand San Francisco neighborhood (94103), ensuring strong rental demand for both residential and commercial spaces, and potential for long-term appreciation.
Recent Major Capital Upgrades: The building benefits from a newer roof and completed seismic work, significantly reducing immediate capital expenditure concerns for a new owner.
Versatile Opportunity: The combination of an occupied residential unit, a vacant residential unit, and a vacant commercial space makes it attractive for both owner-users (live/work) and investors seeking to maximize rental income.
Corner Unit & Functional Basement: Being a corner unit provides excellent visibility for the commercial space and more natural light for residential units, complemented by a large basement with separate access for storage or potential utility.
Cons
Commercial Vacancy Risk: The recently vacated restaurant unit represents an immediate income gap and may require significant time, effort, and potentially specialized tenant improvements to re-lease.
Residential Vacancy Costs: One large 4-bed/2-bath residential unit is currently vacant, leading to immediate lost rental income and carrying costs until a new tenant is secured.
Historic Building Maintenance: Despite recent upgrades, a 1907-built property may still incur higher ongoing maintenance costs and potential for unexpected repairs to older systems (e.g., plumbing, electrical) not covered by the newer roof or seismic work.