McMullen·Properties
Comparative Market Analysis Buyer-Side

2033 Pine Street

Lower Pacific Heights · San Francisco, California 94115
List Price
$2,095,000
Bedrooms
3
Baths
2
Sq Ft
1,710
$/sf
$1,225
Year Built
1910
Subject Property

A full-floor condominium at Pine and Webster.

List Price
$2,095,000
Bedrooms / Baths
3 bd · 2 ba
Approx. Sq Ft
1,710
List $/sf
$1,225
HOA Dues
$490/mo
Year Built
1910 · 116 yrs
Building
3-Unit Condo
Status
Active · Vacant
MLS #
426126176

A larger-than-average 3-bedroom condominium in a low-density 3-unit building, with sweeping city views, an open and light-filled floor plan, updated kitchen and baths, and private outdoor space. Premium Lower Pacific Heights location near Lafayette Park, the Fillmore Street corridor, and transit. Currently vacant and move-in ready.

Source: MLS Listing & Disclosure Package
View Live Listing
Market Snapshot

23 comparable closings across the broader corridor.

An expanded comp set spanning Pacific Heights, Cow Hollow, Lower Pac Heights, NOPA, Cole Valley, Alamo Square, Anza Vista, Duboce Triangle, and Van Ness/Civic Center. Closings between January and May 2026, prices spanning $1.19M to $3.83M. The aggregate signal is striking: properties are trading +19.2% over list on average with median days on market under three weeks, and median sold $/sf has climbed to $1,473/sf — 20.2% above 2033 Pine’s $1,225/sf list price.

$2.73M
Median Sale Price
$2.67M
Average Sale Price
$1,473/sf
Median Sold $/sf
+19.2%
Avg Over List Price
18d
Avg Days on Market
$/Sqft Proximity Map

What sold around 2033 Pine, and at what price per foot.

Subject pinned in green at center, showing list price per square foot ($1,225/sf). Each comp marker shows its sold $/sf, color-coded along a gradient from rose (low) to green (high). Click any marker for full detail and a link to the Zillow listing. The closest comparable is 1961 California Street at 0.19 miles — one block over in Pacific Heights, sold at $1,568/sf in March 2026. The three closest comps (1961 California, 1523 Franklin, 2459 Buchanan) are all under 0.35 miles away and averaged $1,643/sf.

Subject (list $/sf)
Comp (sold $/sf)
$745/sf
$2,467/sf
Sold Comparables · Sorted by Proximity

Twenty-three comparable closings, nearest first.

All 3-bedroom closings across the broader corridor — 22 condominiums plus one single-family home (245 Pixley, tagged SFR) included from the MLS comp set. Each card leads with sold $/sf alongside list $/sf — the lift between them is the market signal. Distance from 2033 Pine appears in the top tag; comps within a half-mile are flagged green. The four closest comparables (1961 California, 1523 Franklin, 2459 Buchanan, 1 Daniel Burnham) are all under 0.45 miles.

$/Sqft Distribution

Comp sold $/sf, ranked against subject list reference.

All 22 comparable closings with valid sqft data, sorted by sold price per square foot. 2033 Pine’s list $/sf ($1,225) is pinned at the top as the reference line. Green bars are comps that sold above the subject’s list $/sf, rose bars are comps that sold below. Sixteen of twenty-two valid comps sold above $1,225/sf — including the three closest properties — strongly suggesting the listing is priced for competitive bidding. Distance from 2033 Pine shown on the right.

Detailed Analysis · $/Sqft Focus

The complete data set, sortable.

Default sort is by distance from 2033 Pine (closest first). Click any column header to re-sort. Subject row pinned at top. All figures sourced from San Francisco MLS; 23 verified closings between January and May 2026.

Address Distance Sq Ft List $/sf Sold $/sf $/sf Lift Sale DOM
Disclosure & Condition Findings

What the inspection, pest, and HOA disclosures actually say.

Synthesized from the GCIS Home Inspection (5/7/2026), Markoff Pest Report (5/5/2026), TDS/SF Seller Disclosures, Title Preliminary Report, CC&Rs/Condo Plan, Parking/Storage Disclosure, and HOA financial documents. The headline: solid “as-is” older condo with no deal-killers, but the small 3-unit HOA structure concentrates risk and reward.

Building Condition

Serviceable for a 1910 building, no major red flags.

  • +Foundation: Concrete perimeter, no cracks or excessive settlement observed. Some recent modern garage-level work noted.
  • +Pest: Clean report for the 2033 unit and accessible common areas. No active termites, fungus, or dry rot.
  • +Electrical & HVAC: No specific defects called out. Appliances and fireplaces operated normally where tested.
  • !Sewer lateral: Underground laterals not inspected — standard recommendation for buildings >50 years. Video scope strongly advised pre-close.
  • !Siding: Cracked/broken mineral shingle on east/rear — possible asbestos content; test before disturbing.
  • !Roof: Multi-section system serviceable; south-side roof deck (2031) not inspected (HOA responsibility). No active leaks.
GCIS Home Inspection · Markoff Pest Report
HOA & Governance

Very small HOA. Lower bureaucracy, concentrated risk.

  • ·Structure: 3-unit unincorporated association. No elected Board — all owners are directors; decisions by majority vote.
  • ·Dues: $490/month, covering common utilities, insurance, and shared maintenance.
  • ·Exclusive use: Parking space P-2033 and deck D-2033 are assigned to this unit. Sole use and maintenance responsibility.
  • !Storage: No dedicated separate storage included with this unit per the Parking/Storage Disclosure.
  • !Reserves: Small HOAs can have lumpy capital needs — scrutinize the 2026 budget and any reserve study closely.
  • +Special assessments: None disclosed. Master policy covers common areas.
CC&Rs · 2026 Budget · Condo Financial Disclosure
Buyer Action Items

Targeted due diligence before removing contingencies.

  • 1.Sewer lateral video scope by a licensed plumber — budget $400-$800; result drives the next decision.
  • 2.Full HOA financials review — latest budget, reserves, any reserve study, and meeting minutes if available.
  • 3.Meet the other two owners. In a 3-unit building, owner dynamics are functionally part of the property.
  • 4.Soft-story / seismic retrofit status — confirm with seller and HOA for this 1910-era building.
  • 5.3R Report & Title Exhibit A — standard exceptions only, but review the full preliminary title report.
  • $Pre-close budget: $10–20K for sewer video, siding touch-up, and possible minor seismic bracing review.
Due Diligence Checklist · Pre-Close Budget
Tim McMullen’s Market Assessment

The recommendation, plainly stated.

Draft · Pending Tim’s Review
Likely Sale Range
$2,400,000 – $2,650,000

2033 Pine is listed at $1,225/sf20.2% below the combined comp median ($1,473/sf) and 18.7% below the combined average ($1,454/sf) across the 22 valid 3-bedroom closings in this corridor. The three closest comparable properties — 1961 California (0.19 mi, $1,568/sf), 1523 Franklin #PH8 (0.31 mi, $1,596/sf), and 2459 Buchanan (0.33 mi, $1,766/sf) — averaged $1,643/sf, a 34% premium over the subject’s list. The data does not support the conclusion that 2033 Pine is fairly listed; it strongly suggests the property is priced for aggressive over-list bidding.

Applying the combined comp median $/sf to 2033 Pine’s 1,710 sqft yields a fair-value benchmark near $2.52M. Even discounting for the 1910 building’s soft-story-era status, the small 3-unit HOA dynamics, the unverified sewer lateral, and the $10–20K pre-close budget the disclosure review identified, a sale in the $2.4M–$2.65M range remains well-supported by the comparable evidence. The closest three comps alone suggest the upside could push higher in a competitive bidding scenario.

Realistic offer strategy: in a market where this corridor is clearing +19.2% over list with 18-day average DOM, expect multiple bidders. An opening offer at $2.35M–$2.45M with shortened contingencies likely makes the first cut; a stretch offer toward $2.6M may be required if the sewer/HOA reviews come back clean and the buyer wants to win. The decisive question is whether the building’s 1910 soft-story risk and 3-unit HOA dynamics warrant a meaningful discount off the $1,473/sf comp median, or whether they’re already priced into the $1,225/sf list. Disclosure findings suggest the latter.

Tim McMullen
McMullen Properties · DRE #02016832
Prepared 5/11/2026