Northwest (Richmond Area)

District 1

$2,167,383

Average Price (2-4 Units)

39

Avg Days on Market (2-4 Units)

$709

Avg Price/SqFt (2-4 Units)

Q1

2026

Data Period

Coastal Living and Presidio Proximity

Defined by the fog-swept beauty of the Pacific and the greenery of the Presidio and Golden Gate Park, District 1 is a haven for those seeking a mix of suburban space and urban density. Wide avenues and deep lots make it a favorite for long-term residents and families, while the architecture offers a stable mix of Edwardian flats and mid-century moderns that provide a sense of permanence often missing in the more transient eastern districts.

The rental market here sees exceptionally high demand for multi-bedroom units. Because it is viewed as a "forever" neighborhood, vacancy runs lower than the city average. The Richmond corridor attracts long-term tenants in the tech and medical sectors who value the quiet nights and proximity to the Geary and Clement commercial hubs.

Investors prize District 1 for its stability and high owner-occupancy rate, which keeps inventory low and prices firm. The primary play here is acquiring 2-4 unit legacy buildings on the avenues and performing high-end renovations on top-floor units to capture ocean or bridge views. Deep lots allow for significant horizontal expansions or luxury detached ADU additions.

Neighborhoods Included

Inner Richmond
Central Richmond
Outer Richmond
Sea Cliff
Lone Mountain
Lake Street
Jordan Park / Laurel Heights
Fun fact

Sea Cliff is one of the only neighborhoods in San Francisco with direct private beach access - residents have keys to a gate leading down to China Beach.

Q1
2026

Market Snapshot

2-4 Unit Buildings:

$2,167,383

Average Price
Number of sales

15

AVG. Price per SQuare FooT

$709

5-9 Unit Buildings:

$2,515,000

Average Price
Number of sales

4

AVG. Price per SQuare FooT

$470

10+ Unit Buildings:

$3,175,000

Average Price
Number of sales

1

AVG. Price per SQuare FooT

$442

Avg. GRM 5-9 Units

13.5

Avg. GRM 10+ Units

10.53

Avg. Price Per Unit

-

Market Commentary
The Richmond corridor continues to see strong demand from families seeking larger units. Fog-belt pricing remains more accessible than central neighborhoods, driving investor interest in 2-4 unit buildings with ADU potential.
Data Source: SFAR MLS

Notable Sales

notable sale

228 Collins Street, San Francisco

A vacant lot development opportunity in Lone Mountain (formerly a car wash). This probate sale required court confirmation. Competitive bidding during the court overbid process drove the price $1,500,000 over the list price. The buyer plans to construct 9–14 condo units.

SALE PRICE
3,250,000
KEY RESULT
Sold $1.5M Above List Price
PROPERTY TYPE
Development Site
UNITS
Vacant Lot
DISTRICT
District 1
notable sale

335 2nd Avenue, San Francisco

A 10-unit apartment building in the Richmond District. We generated six offers on the review date. The winning offer was all-cash, $370,000 over the list price, with a 15-day close. Sold to private investors.

SALE PRICE
$3,670,000
KEY RESULT
All Cash, $370k Over List
PROPERTY TYPE
Multi-Unit
UNITS
10
DISTRICT
District 1

Recent Sales

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