
San Bruno, California 94066
This property presents a High-Potential Investment Opportunity with a List Price of $1,725,000—positioned well above the $1,415,947 Fair Market Value by 21%. While the current list price exceeds the estimated market value, the Multifamily Zoning and 6,798 sqft level lot provide significant upside for developers. With a Condition Rating of 5, the structure requires a full rehabilitation. This asset is ideal for Real Estate Developers or Buy-and-Hold Investors focused on long-term value-add through redevelopment, unit expansion, or ADU construction in a prime San Bruno location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 413 Milton Avenue Subject 3 bd · 1 ba · 1,390 sqft · $1,056 | $1,725,000* List Price | 3 | 1 | 1,390 | $1,056 | - |
A 325 Palomar Court Sold 3 bd · 2 ba · 1,580 sqft · $1,142 · 0.6 mi | $1,805,000 | 3 | 2 | 1,580 | $1,142 | 0.6 mi |
B 486 Hawthorne Avenue Sold 3 bd · 2 ba · 1,240 sqft · $998 · 0.8 mi | $1,237,500 | 3 | 2 | 1,240 | $998 | 0.8 mi |
C 140 De Soto Way Active 3 bd · 1 ba · 1,390 sqft · $935 · 0.7 mi | $1,300,000 List Price | 3 | 1 | 1,390 | $935 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1920, this property is a century-old structure explicitly marketed as a 'fixer' and 'development opportunity.' Images show significant deferred maintenance, including wall damage/rot in the utility area, peeling paint, and heavily worn flooring. The lack of recent updates to systems and the emphasis on land value confirm it requires a full rehabilitation.
The property features desirable multifamily zoning on an expansive lot, offering significant upside for investors to build multiple units, an ADU, or a custom multi-generational compound.
Situated minutes from downtown San Bruno and SFO, the location provides excellent access to transit, shopping, and major highways for a seamless commute to San Francisco or Silicon Valley.
The large, flat 6,798 sqft lot simplifies construction logistics and reduces site preparation costs, making future expansion or redevelopment more cost-effective and efficient.
The existing 1920s structure is a fixer-upper sold in 'as-is' condition, requiring substantial capital investment for renovation or a complete rebuild to realize its full market value.
With nearly 200 days on the market and a significant price reduction from the original list price, the property may face challenges regarding its perceived value or the scale of necessary repairs.
RARE DEVELOPMENT OPPORTUNITY! EXPANSIVE LEVEL LOT WITH MULTI-UNIT POTENTIAL! FIXER WITH ENDLESS UPSIDE! Located just minutes from vibrant downtown San Bruno, this rare property offers an outstanding opportunity for investors, developers, and savvy buyers. Featuring desirable multifamily zoning, the potential is significant - expand the existing structure, add units, develop income-producing property, or create a custom multi-generational compound. The existing home is a fixer, offering the chance to renovate, reimagine, or rebuild to maximize value. Whether you restore and expand or pursue a larger redevelopment vision, this property provides flexibility to bring your plans to life. Situated on a huge, flat lot, the level terrain makes future construction and expansion more efficient and cost-effective. There's ample space for additional units, an ADU, expanded living areas, parking, or thoughtfully designed outdoor space - a true blank canvas in a prime location. Enjoy close proximity to downtown San Bruno's shopping, dining, parks, and daily amenities, plus easy access to major highways, public transit, and San Francisco International Airport. Commuting to San Francisco or Silicon Valley is seamless from this centrally located Peninsula address. To be sold "As is".
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.1 |
| Baths | 1.0 | 2.2 |
| Square foot | 1,390 | 1,389.707 |
| Lot Size | 6,798 | 5,143.585 |
| Price | $1.73M | $1.49M |
| Price per sq ft | $1.2K | $1.0K |
| Built year | 1920 | 1958 |
| HOA | $0 | $266 |
| Days on market | 238 | 37 |
Apr 25, 2026
$1,725,000
$1,950,000
-12% Price Drop
Initial Listing
Feb 28, 2026
$1,950,000
Initial Listing