616-618 Masonic AVE San Francisco, CA 94117 Active

UPDATED: 02/27/2026 03:06 AM ON SITE: 47 days on site

$1,888,000

4 Beds3,965 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 3,965 sqft

Price per Sqft $476

MLS Listing ID 426095571

Bedrooms 4

HOA Y/N No

Year Built 1919

Lot Size 2,495 Sqft

Acres 0.0573

Property Sub-Type Condominium

Property Description

Ideally located near the University of San Francisco and the Panhandle, 616-618 Masonic Avenue offers investors a rare opportunity to acquire a well-situated two-unit asset with immediate income and significant value-add upside in one of San Francisco's most resilient rental submarkets. The property consists of a two-bedroom, one-bath unit currently generating income, and a vacant three-bedroom, one-and-a-half-bath unit, allowing for immediate lease-up at market rents or repositioning for enhanced returns. The unit mix, combined with proximity to USF, public transportation, neighborhood retail, dining, and Panhandle Park, supports strong and durable tenant demand. Substantial upside potential exists through strategic interior and exterior renovations, modernization of finishes, and operational optimization. Additionally, the property may offer expansion potential within the existing building envelope (buyer to verify), providing a compelling path to further increase rentable square footage and long-term cash flow. With in-place income, a vacant unit for immediate execution, and multiple avenues for value creation, 616-618 Masonic Avenue presents an attractive opportunity for investors seeking rent growth, asset repositioning, and long-term appreciation in a core San Francisco location.