Experience contemporary urban living at 721 Frederick Street, a distinctive three-story condominium community strategically positioned in San Francisco’s desirable Parnassus Heights neighborhood. Located at 721 Frederick Street, San Francisco, CA 94117, this 114-unit residential complex offers modern architecture, abundant natural light from expansive balconies, and convenient access to world-class dining, shopping, and healthcare facilities.
Built in 1990, 721 Frederick Street represents mid-rise residential architecture featuring thoughtfully designed floor plans with direct outdoor access. Each residence includes private balconies providing city vistas and natural ventilation throughout the units. The three-story building configuration creates an ideal balance between privacy and community living, with secure covered parking available for all residents. Contemporary finishes combine functionality with residential comfort, making this an attractive choice for professionals and families seeking accessible urban living.
Positioned in the heart of Parnassus Heights, 721 Frederick Street places residents adjacent to one of San Francisco’s most vibrant and walkable neighborhoods. The location provides exceptional access to the Cole Valley village atmosphere, featuring local restaurants, independent shops, and tree-lined streets. Iconic Haight Street sits just minutes away, offering international cuisine, vintage boutiques, and cultural attractions. Golden Gate Park’s extensive green spaces, trails, and recreational facilities are immediately accessible from the building.
Parnassus Heights maintains a Walk Score of 83, ranking among the most walkable neighborhoods in San Francisco and the nation. Most daily errands can be accomplished on foot, with grocery stores, restaurants, and retail within walking distance. Comprehensive public transportation includes the N Judah Muni streetcar line providing direct downtown connections, Muni bus lines 6 and 43 serving Parnassus Avenue, and free UCSF shuttle services connecting to multiple Bay Area locations. BART access is accessible via the 16th Street Station within minutes by transit.
The location provides immediate proximity to UCSF’s Parnassus Heights campus, home to the Helen Diller Medical Center. This 107-acre healthcare and research facility creates significant employment opportunities in the surrounding neighborhood and supports vibrant local commerce. The campus hosts dozens of clinics, research centers, and educational facilities employing thousands of professionals. UCSF’s ongoing campus revitalization initiatives are transforming the area with improved transit infrastructure and enhanced community spaces.
Parnassus Heights represents one of San Francisco’s most competitive and appreciating residential neighborhoods. The current median listing price for condominiums in Parnassus Heights stands at approximately $875,000. The broader housing market shows significant momentum, with median sale prices reaching $2.5 million, up nearly 50 percent year-over-year. Median price per square foot has increased to $1.23K, reflecting strong demand. Most properties sell within approximately 37 days on the market, indicating healthy buyer demand and steady appreciation potential.
Parnassus Heights is a densely populated, highly walkable urban neighborhood home to approximately 2,955 residents and 508 jobs. The neighborhood boasts substantial historic character, with 58.8 percent of residential real estate built prior to 1939. Wealthy residents define the area, placing it among the top 15 percent highest-income neighborhoods in America. The residential community is remarkably diverse, with notably high concentrations of Asian and Russian ancestry residents. Most residential real estate consists of small to medium-sized apartment complexes, high-rise apartments, and small apartment buildings, with many units occupied by renters.
Residents enjoy immediate access to Cole Valley’s local restaurants and independent retail, Haight Street’s eclectic shopping and dining scene, Golden Gate Park’s trails and recreational facilities, UCSF cultural and community programs, neighborhood coffee shops and cafes, and vibrant nightlife options. The location provides seamless access to San Francisco’s diverse cultural attractions while maintaining neighborhood character and quiet residential streets.