292 Arleta Avenue, San Francisco, CA 94134, San Francisco, 94134 - 0 bed, 1 bath
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San Francisco, CA 94134
This Shovel-Ready Development Asset is listed at $688,000, positioned accurately alongside its $677,127 Fair Market Value. Currently featuring a Severe Dilapidation Condition Rating, the property’s primary value is the fully entitled SB-9 Three-Unit Project status. The approved plans for a 4,454 sq ft multi-family structure offer a significant Value-Add path in a Strategic Commuter Location near Caltrain and Highway 101. This project eliminates permitting uncertainty, providing a high-efficiency opportunity for Developers or 1031 Exchange Investors looking to capitalize on the strong demand for housing in this well-connected corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 292 Arleta Avenue Subject | $688,000* List Price | 0 | 1 | 600 | $1,129 | - |
A 625 Girard Street Active | $768,000 List Price | 3 | 1 | 750 | $1,024 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is a 1923 cottage in a state of severe dilapidation, featuring a failing roof with visible holes and boarded-up windows. The listing is explicitly marketed as a 'shovel-ready' development site intended to replace the existing structure with a new three-unit building, confirming that the current improvements are unlivable and hold value only for the land and entitlements.
The property is a fully entitled SB-9 project with approved plans for a three-unit structure, allowing a developer to bypass the lengthy and uncertain San Francisco permitting process.
Located minutes from Caltrain, Highway 101, and Bayshore Boulevard, the site offers exceptional transit connectivity, making it highly attractive for future tenants or buyers.
The project transforms a small 600 sq ft cottage into a modern 4,454 sq ft multi-family complex, maximizing the lot's density and income-generating potential.
With 174 days on the market, the listing may be perceived as stale, potentially indicating that the asking price is high relative to current construction costs and interest rates.
While entitled, the project requires a total rebuild, necessitating significant upfront capital and exposure to San Francisco's high labor and material costs.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 2% |
| Baths | 1.0 | 2.0 | 46% |
| Square foot | 600 | 1,369 | 2% |
| Lot Size | 2,495.99 | 2,497.995 | 50% |
| Price | $688.0K | $1.11M | 9% |
| Price per sq ft | $1.1K | $793 | 91% |
| Built year | 1923 | 1944 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 182 | 182 | 52% |
Oct 22, 2025
$688,000
Initial Listing