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San Francisco, CA

288-290 Parker Ave

$1,795,000
4 bd • 2 ba • 2,280 sf

This analysis was generated by artificial intelligence on 1/13/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$1,795,000

Price/Sq.Ft

$787

Year Built

1927

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This property, located at 288-290 Parker Ave in San Francisco's Lone Mountain neighborhood, offers a unique opportunity as a vacant, visually stunning Edwardian duplex with a regal inlaid Pegasus motif at the entrance. Its proximity to the University of San Francisco, Golden Gate Park, and numerous shops and restaurants makes it a prime location. The property consists of two beautiful two-bedroom, one-bath units, each featuring a formal living room, dining room, updated kitchens with stainless steel appliances, and updated bathrooms with heated TOTO bidets. The refinished hardwood floors and fireplaces add charm and elegance. The property includes a 2-3 car tandem secure parking garage and a cozy backyard, ideal for BBQs and outdoor relaxation. Turnkey and high market-rate rental potential make it suitable for investors, owner/users, or as a family compound. Nearby high-rated schools like Lilienthal and Lawton Alternative add to its appeal, along with a high estimated value of $1,904,000 and no flood zone concerns.

The Bad

One potential downside is the property's age, having been built in 1927, which might require ongoing maintenance or future upgrades to meet modern standards. Although the property is estimated to have high equity, the assessed tax value is significantly lower than the estimated market value, leading to potential reassessments and increased tax obligations. The property tax rate is already substantial at $8,947.76 annually.

The Ugly

There are no significant red flags in the provided details, but the lack of private outdoor space beyond a 'cozy backyard' could be a limitation for some buyers. Additionally, the property's non-owner-occupied status and absentee ownership may raise questions about its maintenance history.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for investors seeking high rental income, families looking for a multifamily setup, or professionals associated with the University of San Francisco. It suits those who appreciate historical architecture with modern updates and desire proximity to cultural and recreational amenities.

Not For

This property might not be suitable for buyers seeking a single-family home with expansive private outdoor space or those unwilling to invest in older properties that might require maintenance. It's also not ideal for those looking for low property taxes.
Demographics
Area Median Income

$139,043

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Risk Assessment

Risk Analysis

San Francisco's real estate market is known for its volatility, which might impact future property values. Although not in a flood zone, it's crucial to consider earthquake risks common in the area, which may affect insurance requirements. Changes in zoning laws or nearby development could influence future property values or living conditions.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,814,167

1.1% above list price

Median Price

$2,100,000

Based on 6 recent sales

Price per Sq.Ft

$832

Comparable Properties

2342-2344 Golden Gate Avenue, San Francisco, CA 94118
Price: $1,600,000
Sq.Ft: 2,100
Beds/Baths: 4/2
$/Sq.Ft:
$7623.2%
Sale Date: 12/2/2024
73 Stanyan Street, San Francisco, CA 94118
Price: $1,825,000
Sq.Ft: 2,141
Beds/Baths: 3/2
$/Sq.Ft:
$8528.3%
Sale Date: 11/16/2024
761 12th Avenue, San Francisco, CA 94118
Price: $2,100,000
Sq.Ft: 2,380
Beds/Baths: 3/2
$/Sq.Ft:
$88212.1%
Sale Date: 9/27/2024
320 Willard Street, San Francisco, CA 94118
Price: $1,150,000
Sq.Ft: 2,250
Beds/Baths: 4/2
$/Sq.Ft:
$51135.1%
Sale Date: 9/16/2024
741 Arguello Boulevard, San Francisco, CA 94118
Price: $2,100,000
Sq.Ft: 2,330
Beds/Baths: 5/2
$/Sq.Ft:
$90114.5%
Sale Date: 9/13/2024
472 Euclid Avenue, San Francisco, CA 94118
Price: $2,110,000
Sq.Ft: 1,947
Beds/Baths: 3/2
$/Sq.Ft:
$1,08437.7%
Sale Date: 10/9/2024

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