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292 Arleta Avenue, San Francisco, CA 94134, San Francisco, 94134 - bed, 1 bath

292 Arleta Avenue, San Francisco, CA 94134 home-pic-0
ACTIVE$688,000
292 Arleta Avenue, San Francisco, CA 94134
0Bed
1Bath
600Sqft
2,495.99Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Pre-Approved Development: Fully designed and entitled three-unit infill project, approved under SB-9, significantly de-risking the development process and streamlining permits.
Top Cons:
Demolition Required: The existing 1923 single-family home (600 sq ft) is likely a tear-down, adding initial demolition costs and time before new construction can commence.

Compared to the nearby listings

Price:$688.0K vs avg $1.00M ($-312,000)26%
Size:600 sqft vs avg 1,370 sqft2%
Price/sqft:$1.1K vs avg $74196%

More Insights

Built in 1923 (102 years old).
Condition: The listing explicitly states that the existing 1923 single-family home is 'likely a tear-down' and the project is to 'replace' it with a new multifamily structure. The value is in the land and the approved development plans, not the current structure. No interior photos of the existing property are provided, reinforcing the assumption that it is not intended for habitation in its current state.
Year Built
1923
Close
-
List price
$688K
Original List price
-
Price/Sqft
$1,147
HOA
$0
Days on market
-
Sold On
-
MLS number
425082821
Home ConditionTear down
Features
Deck
View-

About this home

A rare opportunity to acquire a fully designed and entitled three-unit infill project in the heart of Visitation Valley, San Francisco. The site at 292-296 Arleta Avenue is approved under SB-9 to replace an existing single-family home with a new three-story multifamily structure featuring two primary residences and a separate ADU. The modern design totals 4,454 sq ft, including 3,187 sq ft of conditioned living area, a 284 sq ft garage, and 118 sq ft of storage. Located minutes from Bayshore Boulevard, Caltrain, and Highway 101. The project offers a shovel-ready path to construction, complete with full plans, entitlements, and utility coordination. Ideal for developers or 1031 investors seeking an efficient, ready-to-build opportunity in a strong housing corridor.

Condition Rating
Tear down
The listing explicitly states that the existing 1923 single-family home is 'likely a tear-down' and the project is to 'replace' it with a new multifamily structure. The value is in the land and the approved development plans, not the current structure. No interior photos of the existing property are provided, reinforcing the assumption that it is not intended for habitation in its current state.
Pros & Cons

Pros

Pre-Approved Development: Fully designed and entitled three-unit infill project, approved under SB-9, significantly de-risking the development process and streamlining permits.
Shovel-Ready Status: Complete with full plans, entitlements, and utility coordination, offering an efficient and expedited path to construction.
High-Density Potential: Transforms a single-family lot into a 4,454 sq ft multifamily structure with two primary residences and a separate ADU, maximizing land value and potential income.
Strategic San Francisco Location: Situated in a strong housing corridor, minutes from major transportation hubs (Bayshore Blvd, Caltrain, Highway 101), enhancing future marketability for tenants or buyers.
Clear Investment Opportunity: Ideal for developers or 1031 investors seeking a ready-to-build, income-generating asset in a high-demand San Francisco market.

Cons

Demolition Required: The existing 1923 single-family home (600 sq ft) is likely a tear-down, adding initial demolition costs and time before new construction can commence.
Substantial Construction Capital: While 'shovel-ready' for plans, the project requires significant additional capital investment for the actual construction of the 4,454 sq ft multifamily building.
Development Project Risks: Inherent risks associated with construction projects, including potential for cost overruns, delays, and market fluctuations for future unit sales or rentals.

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