453 Grand Avenue, South San Francisco, California 94080, South San Francisco, 94080 - 0 bed, 0 bath
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South San Francisco, California 94080
This Versatile Triplex Asset is listed at $1,300,000, representing a stable entry point at its $1,271,846 Fair Market Value. With a Condition Rating of 4, the 1917-built property provides immediate cash flow through three separately metered units. The significant value-add potential stems from the 7,000 sq. ft. lot and GAC Zoning, which supports high-density redevelopment up to 65 feet. Situated within the South San Francisco Unified district near Top-Rated Schools, this is a strategic acquisition for Developers or Buy-and-Hold Investors targeting urban density growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 453 Grand Avenue Subject | $1,300,000* List Price | 0 | 0 | 2,240 | $580 | - |
A 444 Lux Avenue Sold | $1,361,500 | 0 | 0 | 1,950 | $698 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1917, the property is significantly dated with worn hardwood floors and a vintage kitchen featuring older tile and cabinetry. While the listing notes functional updates like a newer roof, water heaters, and a new stove, the overall aesthetic and systems are aged, requiring modernization and minor repairs to be competitive.
Zoned GAC on a generous 7,000 sq. ft. lot, this property offers significant upside for developers with potential for high-density residential and retail frontage up to 65 feet in height.
All units are separately metered for utilities, allowing tenants to pay their own costs individually and significantly reducing the owner's monthly operating expenses.
The property features several key updates, including a newer roof, fresh interior paint, and new water heaters, which helps mitigate immediate deferred maintenance costs for a new investor.
Built in 1917, the property's age may lead to ongoing maintenance challenges or the need for expensive upgrades to aging plumbing and electrical systems not addressed by recent cosmetic updates.
The GAC zoning and multi-unit configuration may restrict access to traditional residential financing, potentially requiring buyers to secure more complex or higher-interest commercial loan products.
Attractive price point for this versatile triplex property featuring a detached 2+ bedroom front house with newly painted interior, newer roof, updated stove, and newer water heater. The rear duplex includes a one-bedroom unit with dual-pane windows plus a studio unit located above the enclosed garages, complete with a new water heater. All utilities are separately metered, with tenants paying their own utilities individually. Situated on a spacious 7,000 sq. ft. lot zoned GAC, this property also offers excellent redevelopment potential, including possible retail frontage with high-density residential above (approximately 9-12 units) with up to 65' maximum height.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,240 | - |
| Lot Size | 7,000 | - |
| Price | $1.30M | $1.36M |
| Price per sq ft | $580 | $698 |
| Built year | 1917 | 0 |
| HOA | $0 | $0 |
| Days on market | 89 | 33 |
Apr 24, 2026
$1,300,000
Initial Listing
Jul 15, 1994
$290,000
Public Record