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423-433 South Van Ness Avenue, San Francisco, CA 94103, San Francisco, 94103 - 9 bed, bath

423-433 South Van Ness Avenue, San Francisco, CA 94103 home-pic-0
ACTIVE UNDER CONTRACT$2,695,000
423-433 South Van Ness Avenue, San Francisco, CA 94103
9Beds
0Bath
10,568Sqft
7,501.03Lot
Year Built
1885
Close
-
List price
$2.69M
Original List price
-
Price/Sqft
$255
HOA
$0
Days on market
-
Sold On
-
MLS number
425081548
Home ConditionFair
Features
Deck
View-

About this home

We found 3 Cons,5 Pros.

An exceptional investment opportunity awaits with this remarkable grand-scale Victorian mixed-use property. Situated in the heart of San Francisco's vibrant Mission District, this unique and impressive property offers a fusion of history and charm with strong income. Currently at full occupancy with a blend of commercial and residential tenants, this sprawling property spans over 10,000 square feet, comprised of a semi-detached structure on a generously sized lot. Diverse and robust income streams are a hallmark of this investment, boasting a varied portfolio of tenants. The residential units showcase exquisite architectural details, high ceilings, and spacious kitchens that flow onto decks overlooking the lush, tropical garden. The commercial units share the same grand scale, featuring high ceilings and abundant space, perfectly suited for a range of uses such as retail, office space, or creative work environments. Beyond the property's walls, the Mission District offers a captivating array of attractions. Enjoy a thriving restaurant and bar scene, discover unique small businesses, and relish in the vibrant ambiance of Dolores Park. Seamlessly connect to the city's heartbeat with easy access to the Muni Metro and BART, making commuting a breeze.

Price History

Date
Event
Price
10/14/25
Price Change
$2,695,000
11/25/98
Sold
$875,000
Condition Rating
Fair
Built in 1885, this grand Victorian property shows signs of regular upkeep but lacks comprehensive modern renovations. The kitchens, while functional with some updated stainless steel appliances, feature dated cabinetry, basic countertops, and notably, very old-fashioned linoleum flooring in one unit (Image 7). The other kitchen (Image 9) has slightly better laminate flooring but is still basic in style. No bathroom images were provided, but based on the kitchens, they are likely functional but not modern. The property's age implies potential for outdated major systems (plumbing, electrical, as suggested by the basement image 4) requiring future investment, aligning with the 'fair' criteria of being aged but maintained with major components showing signs of being outdated.
Pros & Cons

Pros

Strong Investment & Income Potential: An exceptional mixed-use property with full occupancy and diverse, robust income streams from both commercial and residential tenants, making it a highly attractive investment.
Prime Mission District Location: Situated in the heart of San Francisco's vibrant Mission District, offering access to a thriving restaurant scene, unique businesses, and the popular Dolores Park.
Excellent Public Transit Access: Seamless connectivity to the city's heartbeat with easy access to Muni Metro and BART, enhancing tenant appeal and commuting convenience.
Historic Grand-Scale Victorian Charm: A remarkable grand-scale Victorian property built in 1885, boasting exquisite architectural details, high ceilings, and a fusion of history and charm.
Spacious & Versatile Layout: Spanning over 10,000 square feet on a generously sized lot, offering abundant space for diverse commercial uses (retail, office, creative) and residential units with spacious kitchens and decks.

Cons

Age of Property & Maintenance: Built in 1885, the property's significant age implies potential for substantial ongoing maintenance costs and future capital expenditures for systems like plumbing, electrical, and roofing.
Potential for Outdated Systems/Interiors: While architecturally rich, the description does not detail comprehensive modern updates across all units, suggesting some systems or interior finishes may be outdated and require future investment.
Lack of Dedicated Parking: In a dense urban area like the Mission District, the absence of explicit mention of dedicated parking could pose a challenge for both residential tenants and commercial clients.

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