# House Hacking in San Francisco (94124): 10,672 planned units on the lowest price band in the city · The Rent Hacker > San Francisco 94124 for house hackers: The metro's largest engineered-growth catalyst stack sits on top of its lowest price band: a buy-the-run-up TOD play wh Canonical: https://therenthacker.com/house-hacking/sf-bayview-hunters-point-94124/ Source: The Rent Hacker (https://therenthacker.com/). License: RSL, attribution required — https://therenthacker.com/license.xml --- [San Francisco guide](/house-hacking/san-francisco/) · Tier S · Rank #1 of 27 # House hacking in San Francisco (Bayview / Hunters Point / Candlestick). The metro's largest engineered-growth catalyst stack sits on top of its lowest price band: a buy-the-run-up TOD play where a $900K entry buys into a decades-long master-planned build-out, if the buyer can price in real cleanup and delay risk. **Status check:** Verified 2026-07-14: Candlestick Point construction is beginning this summer after years of delay; Shipyard-proper environmental and permitting work is still pending. Tier held at S. ## What's actually happening in 94124 - Master plan; first infrastructure phase targeted summer 2026 Hunters Point Shipyard Phase 2 / Candlestick Point: 10,672 units at build-out (7,218 Candlestick + 3,454 Shipyard), 3,348 affordable (31%), 337.7 acres of parks, 4.9M sqft office/R&D. Alice Griffith sub-area (498 units) active; FivePoint's first infrastructure phase (~675 homes) targeted to start summer 2026. [OCII Hunters Point Shipyard / Candlestick Point](https://sfocii.org/projects/hunters-point-shipyard-candlestick-point-2/overview) - In progress; gates the vertical pipeline Navy CERCLA cleanup: $999M IDIQ demolition contract (Feb 2026, figure WARN); Parcel G demolition began March 2026; overall completion targeted Feb 2031 with litigation risk. It gates Phase 2 vertical construction, the single biggest execution risk on the stack. [SF.gov shipyard cleanup status](https://www.sf.gov/hpns-cleanup-status) - Under construction India Basin Waterfront Park: 10-acre park, Phase 3 under construction, completion 2028, with a $4M EPA grant (June 2026). [SF Rec & Park](https://sfrecpark.org/m/newsflash/home/detail/2830) - Operational; upgrades in 2026 T-Third light rail improvements: Phases 2 and 3 bring signal priority through Bayview in 2026 (4–7 minute roundtrip savings); Third St is the corridor's rail spine. [SFMTA T-Third Improvements](https://www.sfmta.com/projects/t-third-improvements) ## The numbers Median price ~$933K (Haven Group), the lowest in the metro alongside 94134 Market rent ~$2,900/mo tier (most affordable in the city) Property tax (San Francisco County) 1.183% combined effective (SF Treasurer FY2025-26, consolidated city and county); new buyers pay about 1.183% of purchase price in year one, then assessed value rises at the 2%/yr Prop 13 cap until resale Per-bed rent band $1,100–1,600/mo per room (workforce tier) ADU rent band $2,300–2,900/mo (ADU, basement, or in-law) Whole-home rent band $4,200–5,400/mo whole-home (3–4bd) Underwriting vacancy 4.0–4.5% underwriting vacancy (softer sub-market, longer lease-up) Appreciation scenarios 2 / 4–5 / 7–9 %/yr (conservative / base / upside) The best rent-to-price ratio in SF, with more months of supply and negotiating room than the core. Appreciation basis: Conservative if the Navy cleanup slips past 2031; base if Alice Griffith and FivePoint infrastructure deliver on schedule; upside if shipyard vertical and the R&D program materialize. Rent bands are city-level medians; confirm the specific parcel before trusting any of them. [Run your own scenario in the calculator](/calculator/). ## Buildings we underwrote in 94124 27 buildings in 94124 carry a record. 1 beat renting and index funds, 2 rejected; the rest did not. Every row links to its own page, with the numbers it was scored on. Property At our defaults Status [2505 Newhall St](/property/rh-017t0t/2505-newhall-st/) 2 units · $888,000 +$55,579 House-Hack Underwritten — beats renting and index funds, below the publish cut [1740 Bancroft Ave, Unit 251](/property/rh-k1g7gr/1740-bancroft-ave-unit-251/) 1 unit · $534,457 −$100,056 S&P 500 Underwritten — the index wins at our defaults [570 Innes Ave, Apt 302](/property/rh-bv96cc/570-innes-ave-apt-302/) 1 unit · $599,999 −$274,468 S&P 500 Underwritten — the index wins at our defaults [2021 Silver Ave](/property/rh-l94l1h/2021-silver-ave/) 2 units · $999,000 −$277,858 S&P 500 Underwritten — the index wins at our defaults [1678 Wallace Ave](/property/rh-aucl3c/1678-wallace-ave/) 1 unit · $749,888 −$283,651 S&P 500 Underwritten — the index wins at our defaults [1737 Mckinnon Ave](/property/rh-rwt1l9/1737-mckinnon-ave/) 2 units · $1,150,000 −$285,745 S&P 500 Underwritten — the index wins at our defaults [5800 3rd St, Unit 1412](/property/rh-33944d/5800-3rd-st-unit-1412/) 1 unit · $698,000 −$339,198 S&P 500 Underwritten — the index wins at our defaults [1780 Bancroft Ave, Unit 354](/property/rh-4rpvcy/1780-bancroft-ave-unit-354/) 1 unit · $462,066 −$46,802 S&P 500 Underwritten — the index wins at our defaults [5110-5112 3rd St](/property/rh-ssrjln/5110-5112-3rd-st/) 2 units · $1,250,000 −$249,022 S&P 500 Rejected — mixed-use (commercial financing) [1712 Quesada Ave](/property/rh-h7pilp/1712-quesada-ave/) 1 unit · $995,000 −$260,669 S&P 500 Underwritten — the index wins at our defaults [2067 Thomas Ave](/property/rh-x9xl8q/2067-thomas-ave/) 1 unit · $999,980 −$265,845 S&P 500 Underwritten — the index wins at our defaults [1511 Jerrold Ave](/property/rh-iug3fa/1511-jerrold-ave/) 1 unit · $975,000 −$281,977 S&P 500 Underwritten — the index wins at our defaults [1415 Hawes St](/property/rh-7e4u4a/1415-hawes-st/) 1 unit · $799,000 −$361,492 S&P 500 Underwritten — the index wins at our defaults [134 Albatross Ct](/property/rh-g4chnt/134-albatross-ct/) 1 unit · $660,000 −$373,852 S&P 500 Underwritten — the index wins at our defaults [10 Innes Ct, Unit 304](/property/rh-ew21m9/10-innes-ct-unit-304/) 1 unit · $695,000 −$376,468 S&P 500 Underwritten — the index wins at our defaults [5800 3rd St, Unit 1310](/property/rh-5zyndr/5800-3rd-st-unit-1310/) 1 unit · $749,000 −$378,554 S&P 500 Underwritten — the index wins at our defaults [5900 3rd St, Unit 2414](/property/rh-oi0nxm/5900-3rd-st-unit-2414/) 1 unit · $750,000 −$395,431 S&P 500 Underwritten — the index wins at our defaults [3444 Jennings St](/property/rh-e81b3o/3444-jennings-st/) 2 units · $999,000 −$428,817 S&P 500 Underwritten — the index wins at our defaults [182 Jerrold Ave](/property/rh-1l1qje/182-jerrold-ave/) 1 unit · $724,800 −$392,408 S&P 500 Underwritten — the index wins at our defaults [50 Jerrold Ave, Apt 215](/property/rh-0hcl2o/50-jerrold-ave-apt-215/) 1 unit · $699,998 −$493,692 S&P 500 Underwritten — the index wins at our defaults [5900 3rd St, Unit 2409](/property/rh-0w4t74/5900-3rd-st-unit-2409/) 1 unit · $849,000 −$504,388 S&P 500 Underwritten — the index wins at our defaults [51 Innes Ct, Apt 204](/property/rh-56ziya/51-innes-ct-apt-204/) 1 unit · $699,000 −$559,019 S&P 500 Underwritten — the index wins at our defaults [80 Silverview Dr](/property/rh-7kyv8i/80-silverview-dr/) 1 unit · $979,000 −$567,798 S&P 500 Underwritten — the index wins at our defaults [51 Innes Ct, Apt 401](/property/rh-lqg5q8/51-innes-ct-apt-401/) 1 unit · $749,800 −$612,609 S&P 500 Underwritten — the index wins at our defaults [1560 Jerrold Ave](/property/rh-4jcie4/1560-jerrold-ave/) 2 units · $1,299,000 −$838,614 S&P 500 Underwritten — the index wins at our defaults [1383 Revere Ave](/property/rh-z8tagl/1383-revere-ave/) 2 units · $1,248,000 −$908,045 S&P 500 Underwritten — the index wins at our defaults [1196 Quesada Ave](/property/rh-9h8iof/1196-quesada-ave/) 3 units · $1,088,000 — no verdict on file Rejected — verified-basis: the modeled count of 3 dwellings has no witness beyond the listing's own summary fields. our unit-count reconciliation reports single-source from the listing's summary fields 3 and the listing's property-type field Triplex, and the subtype is the string the chip is parsed from, so neither is independent corroboration. The listing prose states no count at all. · Two records on file point the other way. The verified listing record parcel details give zoning RH-1, which is the San Francisco residential house district that permits one dwelling per lot, and the FY 2025-26 secured bill for APN 4756021 carries no Code 92 Apartment License Fee, which the city levies on three or more residential units. · The model rents two of the three dwellings at $3,626 each for $7,251 a month, against the $3,992 a month the listing states the building collects today across one tenancy. Rent from a dwelling nothing witnesses is the direction the verified-basis gate exists to refuse. · No independent check was available this week. Every San Francisco open-data host, including data.sf.gov, the assessor and the planning map, is denied by this environment network policy, and no assessor seed is on disk. A count above the evidence with no witness at all is a stop for the row, not a worklist item. The full [board](/board/) shows every region's current week; this table is every record we hold for 94124, newest basis first. ## The house-hack angle Deep stock of detached single-family homes and 2–4-unit buildings with ADU and garage-conversion potential. The tenant pool runs workforce, first-responder, and UCSF Mission Bay-adjacent (about 2.5–3 miles northwest). Room-by-room and SFH-plus-ADU both pencil against $4,000 1-bed and $5,600 2-bed rents at a sub-$1M basis. ## What breaks it - A Navy cleanup slip (Feb 2031 target, plus litigation) defers the vertical pipeline; near-term appreciation rests on run-up anticipation ahead of delivered units - Environmental stigma and the shipyard data-falsification history can cap resale velocity - The $999M Navy demolition contract figure is WebSearch-only (WARN); verify Alice Griffith and FivePoint start dates before crediting them This page is the standing analysis. The weekly part, actual San Francisco-area listings that pass the math, lands on the San Francisco board every Tuesday. [This week's San Francisco board](/board/sf-proper/) Have a specific address? [Look up any San Francisco building](/lookup/) — free parcel facts, and Underwrite an address — $79 for the full one. Want this analysis for a specific building? Any San Francisco address, underwritten the same way: cautious rents, the registry, the S&P line. [Look up any San Francisco address →](/lookup/) A full report for an address you pick: Underwrite an address — $79, delivered within one business day. [This week's San Francisco board](/board/sf-proper/) · [Read past San Francisco issues](/issues/sf-proper/) · [Every pick, on the record](/track-record/) · [How a deal becomes a pick](/methodology/) Data synthesized 2026-07-06, catalysts re-verified 2026-07-14. Mortgage-rate basis: 6.43% (Freddie Mac PMMS, a seven-week low; 6.67% a year ago). Sources are the public planning documents and market listings named above, fetched on the synthesis date. Nothing here is investment advice; every deal needs a bindable insurance quote and parcel-level verification.