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138 W Market Street, Daly City, California 94014, Daly City, 94014 - 3 bed, 1 bath

138 W Market Street, Daly City, California 94014 home-pic-0
ACTIVE UNDER CONTRACT$1,038,000
138 W Market Street, Daly City, California 94014
3Beds
1Bath
1,410Sqft
2,280Lot

Price Vs. Estimate

The estimated value ($942,230.2) is $95,769.8 (9%) lower than the list price ($1,038,000). This property may be overpriced.

Key pros and cons

Top Pros:
Significant ADU Potential: The large downstairs area with sufficient ceiling height is primed for conversion into a legal 2B/2B ADU, offering substantial potential for increased living space or rental income.
Top Cons:
Age of Property: Built in 1930, the property is an older home which may imply potential for outdated systems (e.g., electrical, plumbing, HVAC) and higher maintenance requirements not explicitly addressed.

Compared to the nearby listings

Price:$1.04M vs avg $1.12M ($-82,000)33%
Size:1,410 sqft vs avg 1,535 sqft44%
Price/sqft:$736 vs avg $73450%

More Insights

This property has been on the market for 79 days.
Built in 1930 (95 years old).
Condition: The property, built in 1930, has received recent cosmetic updates including brand-new flooring and fresh interior paint, making it move-in ready. However, the kitchen features dated dark wood cabinets, granite countertops, and checkered tile flooring, which, while functional, are not modern and likely date back 15-30 years. The bathroom is not clearly pictured but the description implies it's an older, large space with potential for division, suggesting it also requires updating. Major systems' conditions are not specified, but the overall impression is a well-maintained older home that requires significant updates to the kitchen and bathroom to meet current standards and maximize value, aligning with the 'fair' condition criteria.
Year Built
1930
Close
-
List price
$1.04M
Original List price
$1.07M
Price/Sqft
$736
HOA
-
Days on market
79 Days
Sold On
2025-11-07
MLS number
ML82018779
Home ConditionFair
Features
View-

About this home

Unlock the Potential Smart Investment Opportunity with Room to Grow This property is full of promise, offering great potential to expand your living space or maximize rental income. The large downstairs area with sufficient ceiling height is ready to be transformed into a legal 2B/2B ADUan excellent way to double your return on investment. Move in now and take your time creating the perfect layout to suit your needs or investment goals. An enclosed front porch with a sturdy metal door adds privacy and security. Upstairs features three spacious bedrooms and a generously sized full bathroom, which could easily be divided into two bathrooms. The home also offers a formal living room, a separate dining area, and a full kitchen with a bright and cozy breakfast nook. Recent updates include brand-new flooring and fresh interior paint throughout. Located within walking distance to BART and just minutes from the freeway, this home offers both convenience and potential. The affordable price makes it an ideal choice for first-time buyers, creative investors, or anyone looking to add significant value over time. Move in first, then bring your vision to life.

Nearby schools

5/10
Margaret Pauline Brown Elementary School
Public,•K-5•0.5mi
4/10
Woodrow Wilson Elementary School
Public,•K-5•1.0mi
4/10
Benjamin Franklin Intermediate School
Public,•6-8•0.8mi
4/10
Jefferson High School
Public,•9-12•0.5mi
7/10
Westmoor High School
Public,•9-12•1.0mi
7/10
Oceana High School
Public,•9-12•3.8mi
6/10
Terra Nova High School
Public,•9-12•6.7mi
Condition Rating
Fair
The property, built in 1930, has received recent cosmetic updates including brand-new flooring and fresh interior paint, making it move-in ready. However, the kitchen features dated dark wood cabinets, granite countertops, and checkered tile flooring, which, while functional, are not modern and likely date back 15-30 years. The bathroom is not clearly pictured but the description implies it's an older, large space with potential for division, suggesting it also requires updating. Major systems' conditions are not specified, but the overall impression is a well-maintained older home that requires significant updates to the kitchen and bathroom to meet current standards and maximize value, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Significant ADU Potential: The large downstairs area with sufficient ceiling height is primed for conversion into a legal 2B/2B ADU, offering substantial potential for increased living space or rental income.
Excellent Commuter Location: Strategically located within walking distance to BART and minutes from the freeway, providing convenient access for commuters.
Recent Cosmetic Updates: The property benefits from brand-new flooring and fresh interior paint throughout, offering immediate move-in appeal and reducing initial cosmetic renovation needs.
Investment & Value-Add Opportunity: Positioned as an affordable option for first-time buyers and creative investors, with clear potential to add significant value over time through planned improvements.
Flexible Layout & Expansion Possibilities: Offers a flexible layout with three spacious bedrooms and a generously sized full bathroom that could easily be divided, allowing for customization and future expansion to suit owner needs.

Cons

Age of Property: Built in 1930, the property is an older home which may imply potential for outdated systems (e.g., electrical, plumbing, HVAC) and higher maintenance requirements not explicitly addressed.
Requires Further Investment & Renovation: While offering potential, the property is not turn-key and requires significant additional investment and effort to realize the ADU conversion and optimize the layout.
Limited Bathroom Count: Currently features only one full bathroom for three bedrooms, which may be insufficient for modern living standards or larger households, necessitating future renovation.

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