
Daly City, California 94014
This property presents a High-Potential Investment Opportunity with a List Price of $899,000—positioned above the $823,104 Fair Market Value. While the property requires significant capital for completion, its Condition Rating of 5 and strategic location near the San Francisco border offer substantial upside. The existing footprint and garage provide excellent potential for ADU conversion or expansion. This is a distressed asset requiring cash or hard money financing, making it an ideal acquisition for Fix-and-Flip Investors or Contractors capable of executing a comprehensive renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3223 San Jose Ave Subject 3 bd · 2 ba · 1,160 sqft · $710 | $899,000* List Price | 3 | 2 | 1,160 | $710 | - |
A 1047 Hanover Sold 2 bd · 1 ba · 880 sqft · $960 · 0.3 mi | $845,000 | 2 | 1 | 880 | $960 | 0.3 mi |
B 445 Vista Grande Ave Sold 2 bd · 1 ba · 1,120 sqft · $609 · 0.6 mi | $682,491 | 2 | 1 | 1,120 | $609 | 0.6 mi |
C 161 Alexander Pending 2 bd · 1 ba · 1,060 sqft · $920 · 0.5 mi | $975,000 List Price | 2 | 1 | 1,060 | $920 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1938, this property is an incomplete mid-renovation project requiring substantial rehabilitation. Images reveal unfinished kitchens, missing cabinet doors, exposed wall framing, uninstalled doors, and raw utility areas with older plumbing. The listing explicitly states it is not conventionally financeable due to its current condition.
Situated just blocks from the San Francisco border, the property offers exceptional access to BART, Muni, and major freeways, providing a highly desirable commute to both SF and the Peninsula.
The generous garage and lower-level storage rooms present a prime opportunity for expansion or ADU conversion, allowing for substantial equity growth and increased utility.
This 1938 Spanish Revival home features timeless design elements that provide a unique aesthetic foundation, offering more market appeal than standard contemporary builds once renovated.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property is currently a 'work in progress' requiring significant structural and cosmetic updates, which demands a high budget and experienced project management.
Due to its unfinished state, the home is not eligible for conventional financing, limiting the buyer pool to those with cash or hard money resources.
INVESTOR OPPORTUNITY JUST BLOCKS FROM SAN FRANCISCO! Priced for action, this Daly City Spanish Revival is ready for an investor, contractor, or visionary buyer. The previous owner began updates and customizations on the upper level, but the property remains a work in progress and will require substantial additional renovation. The home currently presents with 3 bedrooms and 2 baths, a galley-style kitchen upstairs, a generous garage, multiple storage rooms, and a private backyard. With the right improvements, the existing footprint and lower level may offer potential for future expansion or ADU use, subject to buyer investigation and City approval. The possibilities are many! The location is a major part of the appeal. Set near Mission Street and just blocks from the San Francisco line, the property offers convenient access to San Francisco, the Peninsula, BART, Muni, SamTrans, I-280 and US-101, with San Francisco State University, City College of San Francisco and major Bay Area employment centers within easy reach. Whether this is your first renovation project or another addition to an established portfolio, this property offers the potential for meaningful value creation in a highly connected location. Due to its current condition, the property is not conventionally financeable and is best suited for cash, hard money, or a potential cash-to-primary loan via a subject-to/wraparound structure involving existing financing. Property is sold as-is, where-is.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 2.0 | 2.1 |
| Square foot | 1,160 | 1,512.886 |
| Lot Size | 2,000 | 3,352.068 |
| Price | $899.0K | $1.25M |
| Price per sq ft | $775 | $830 |
| Built year | 1938 | 1957 |
| HOA | $0 | $222 |
| Days on market | 29 | 38 |
Sep 25, 2026
$899,000
Initial Listing
Dec 8, 2006
$625,000
Public Record