325 325 Landfair Ave, San Mateo, California 94403, San Mateo, 94403 - 2 bed, 1 bath
Loading property details...
San Mateo, California 94403
This Development-Ready Hillside Asset is listed at $1,675,000, positioned at a strategic premium relative to the $1,500,482 Fair Market Value to account for its rare entitlements. While the existing 1951 structure maintains a Move-in Ready Condition Rating, the primary value-add potential is anchored by Approved Plans for a Custom Residence and ADU, effectively bypassing San Mateo’s lengthy permitting process. Featuring Scenic Bay Views and a 5,603 Sq Ft Lot, the property offers immediate habitability with a clear path to luxury redevelopment. This is a strategic acquisition for Developers or Visionary Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 325 325 Landfair Ave Subject | $1,575,000* List Price | 2 | 1 | 1,000 | $1,404 | - |
A 3605 Pacific Boulevard Sold | $1,350,000 | 2 | 1 | 940 | $1,436 | 0.9 mi |
B 423 42nd Avenue Active | $1,698,000 List Price | 3 | 2 | 1,180 | $1,439 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1951, the property is described as move-in ready and well-maintained, but it retains an older architectural style and dated finishes in the kitchen and bathroom. While functional and clean, the home lacks modern renovations, and the marketing focus on approved plans for a brand-new custom residence suggests the current structure is valued primarily for its maintenance and habitability rather than contemporary features.
The property includes approved plans for a brand-new custom residence and an ADU, offering a significant advantage by bypassing typical entitlement delays and permitting hurdles.
Perched on an elevated hillside, the lot captures expansive views of the Bay and surrounding scenery from both the front and rear yards, providing a high-value aesthetic appeal.
Ideally situated with seamless access to both Highways 101 and 280, the location offers an effortless commute to San Francisco, Silicon Valley, and SFO.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1000, other record living area = 900.
At approximately 1,000 square feet with only two bedrooms and one bathroom, the current structure is quite small and may not meet the needs of buyers looking for a larger family home.
The list price reflects the land's development potential and views rather than the existing 1951 structure, which may be a deterrent for buyers not looking to rebuild immediately.
Significant price reduction — priced to sell. Perched on an elevated hillside with views of the Bay, 325 Landfair Avenue offers a rare combination of scenic outlooks, privacy, and exceptional Peninsula accessibility. This light-filled 2-bedroom, 1-bath residence (approx. 1,000 sq ft) sits on a generous view lot, capturing Bay vistas and surrounding hillside scenery from both the front and rear yards. The elevated positioning creates an open, expansive atmosphere while maintaining a sense of seclusion. The home is move-in ready with a warm, comfortable feel, offering flexibility for immediate enjoyment. Beyond its current charm, the property includes approved plans by the planniung department for a brand-new custom residence with an ADU, providing a streamlined opportunity to build a modern home in a premier hillside setting without the typical entitlement delays. An oversized two-car garage, ample driveway parking, and mature landscaping with irrigation enhance both functionality and long-term potential. Ideally located with seamless access to Highways 101 and 280, the property offers convenient connectivity to San Francisco, Silicon Valley, and SFO, while remaining close to shopping, dining, and everyday amenities. A rare Bay-view offering where location, privacy, and future vision align.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 1.0 | 2.0 | 8% |
| Square foot | 1,000 | 1,620 | 6% |
| Lot Size | 5,603 | 5,694 | 49% |
| Price | $1.57M | $2.15M | 18% |
| Price per sq ft | $1.6K | $1.2K | 88% |
| Built year | 1951 | 1954 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 134 | 20% |
Apr 21, 2026
$1,575,000
$1,645,000
-4% Price Drop
Initial Listing
Apr 8, 2026
$1,645,000
$1,675,000
-2% Price Drop
Initial Listing
Mar 5, 2026
$1,675,000
Initial Listing
May 30, 2023
$1,405,000
Public Record