141 3rd Avenue, Daly City, California 94014, Daly City, 94014 - bed, bath
ACTIVE$2,680,000
141 3rd Avenue, Daly City, California 94014
0Bed
0Bath
14,385Sqft
30,249Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Fully Entitled Project: The project is fully entitled for seven duet-style buildings (14 units total), significantly reducing development risk and expediting the timeline for construction.
Top Cons:
Substantial Additional Investment Required: The listed price reflects land only; the buyer is responsible for all construction costs for 14 units, requiring significant additional capital outlay.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 2025 (0 years old).
Condition: This listing is for a development project, not a move-in ready home. The 'year_built: 2025' refers to the proposed new construction. The description explicitly states that the sale includes vacant land and one existing single-family home on the lot, and 'The buyer will be responsible for demolishing the existing structure prior to development.' The images confirm an older existing structure on the lot that is not the focus of the sale, and no interior photos are provided. The value is based on the land and its redevelopment potential, aligning with the 'tear-down' criteria for the existing structure.
Year Built
2025
Close
-
List price
$2.68M
Original List price
$3.88M
Price/Sqft
$186
HOA
-
Days on market
-
Sold On
-
MLS number
ML82008464
Home ConditionTear down
Features
View-
About this home
FULLY ENTITLED project featuring seven duet-style buildings (14 units total) in a prime Daly City location. Each thoughtfully designed unit offers 2,055 sq ft, featuring 3 bedrooms, 2.5 bathrooms, and a flexible ground-floor room that can be converted into an ADU, perfect for working from home, generating rental income, or accommodating multigenerational living. Situated near shopping, schools, and major transit routes, this approved project is a rare find for developers or investors seeking strong long-term value and demand. Sale includes vacant land, one existing single-family home on the lot, and approved project plans. Please note: the list price reflects land only -- no construction costs are included. The buyer will be responsible for demolishing the existing structure prior to development.
Nearby schools
4/10
Susan B. Anthony Elementary School
Public,•K-5•0.3mi
4/10
John F. Kennedy Elementary School
Public,•K-5•0.4mi
3/10
George Washington Elementary School
Public,•K-5•1.4mi
5/10
Thomas R. Pollicita Middle School
Public,•6-8•0.1mi
4/10
Jefferson High School
Public,•9-12•0.4mi
7/10
Westmoor High School
Public,•9-12•1.3mi
7/10
Oceana High School
Public,•9-12•4.0mi
6/10
Terra Nova High School
Public,•9-12•6.8mi
Condition Rating
Tear down
This listing is for a development project, not a move-in ready home. The 'year_built: 2025' refers to the proposed new construction. The description explicitly states that the sale includes vacant land and one existing single-family home on the lot, and 'The buyer will be responsible for demolishing the existing structure prior to development.' The images confirm an older existing structure on the lot that is not the focus of the sale, and no interior photos are provided. The value is based on the land and its redevelopment potential, aligning with the 'tear-down' criteria for the existing structure.
Pros & Cons
Pros
Fully Entitled Project: The project is fully entitled for seven duet-style buildings (14 units total), significantly reducing development risk and expediting the timeline for construction.
High-Density Development Potential: Approved plans for 14 units on a single lot maximize land utilization and offer substantial potential for return on investment for a developer.
Prime Daly City Location: Situated near shopping, schools, and major transit routes, ensuring strong demand and convenience for future residents, enhancing marketability.
Flexible Unit Design with ADU Potential: Each unit includes a flexible ground-floor room convertible to an ADU, catering to diverse needs such as working from home, generating rental income, or accommodating multigenerational living.
Significant Price Adjustment: The list price has been substantially reduced from $3.88M to $2.68M, presenting a more attractive entry point and potential upside for investors.
Cons
Substantial Additional Investment Required: The listed price reflects land only; the buyer is responsible for all construction costs for 14 units, requiring significant additional capital outlay.
Demolition Responsibility: The buyer must demolish the existing single-family home on the lot, adding to initial project costs and extending the development timeline.
Long Development Cycle: As a future project, there will be no immediate income, and the buyer faces a multi-year development cycle before units can be sold or rented.