498 Elm Avenue, San Bruno, California 94066, San Bruno, 94066 - 4 bed, 3 bath
498 Elm Avenue
San Bruno, California 94066
Property Price
SUMMARY
Analysis of 498 Elm Avenue, San Bruno, California 94066 reveals a Prime Investment Opportunity with a current list price of $1,795,000—significantly undercutting the $1,899,318 Fair Market Value by 5%. This valuation gap indicates a +$104,318 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Bruno Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 498 Elm Avenue Subject | $1,795,000* List Price | 4 | 3 | 2,822 | $673 | - |
A Acacia Avenue Pending | $1,498,000 List Price | 3 | 2 | 2,420 | $619 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1936, both residences on the property have undergone extensive recent renovations, making them virtually new. The kitchens feature modern white shaker cabinetry, stone countertops, and high-end stainless steel appliances. The bathrooms are fully updated with contemporary tile work and fixtures. With fresh interior paint, new flooring throughout, and a move-in-ready status, the property meets the highest quality standards for a renovated home.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential & Versatility
The unique configuration of two separate homes on one lot provides exceptional flexibility for multigenerational living or the ability to generate significant rental income.
- Turnkey Condition
Both residences have been recently updated with fresh interior paint, modern appliances, and renovated kitchens, ensuring a move-in-ready experience for buyers.
- Outdoor Entertaining
The backyard features a built-in BBQ station, offering a dedicated and functional space for outdoor dining and social gatherings.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
- Vintage Infrastructure
Built in 1936, the property may have aging underlying systems that require more maintenance or eventual upgrades compared to newer constructions.
- High Density on Lot
Housing two separate dwellings on a 5,000-square-foot lot may result in limited private yard space and reduced privacy between the two units.
About 498 Elm Avenue
This unique property offers two separate homes on one lot, creating an ideal setup for multigenerational living, guest accommodations, or generating rental income while enjoying the comfort of a singlefamily residence. Main House The main home features an open living area with an updated kitchen, modern appliances, and fresh interior paint throughout. The layout is spacious and flexible, offering plenty of potential for personalization and comfortable everyday living. Detached from the main house is a second Home Located above the twocar garage, the second home includes two bedrooms and one full bathroom. It also features new appliances and fresh paint, providing a bright, moveinready space thats perfect for extended family, guests, or tenants. This property offers exceptional versatility and opportunity: Live in one home and generate rental income from the other Create a multifamily living arrangement with privacy for everyone Enjoy the flexibility of guest quarters, office space, or a private studio With both homes freshly updated and ready for occupancy, this property combines comfort, flexibility, and income potential in one outstanding package. . Backyard equipped with a built in BBQ. Perfect for outdoor cook outs and entertaining.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1936
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Bruno Unified Schools
Allen (Decima M.) Elementary School
Grades K-5 • 0.2 mi
El Crystal Elementary School
Grades K-5 • 0.5 mi
John Muir Elementary School
Grades K-5 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 74% |
| Baths | 3.0 | 2.0 | 77% |
| Square foot | 2,822 | 1,320 | 95% |
| Lot Size | 5,000 | 5,100 | 49% |
| Price | $1.79M | $1.35M | 81% |
| Price per sq ft | $636 | $1.0K | 7% |
| Built year | 1936 | 1955 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 149 | 2% |
Pricing History
Listed for Sale
Feb 25, 2026
$1,795,000
Initial Listing
Sold
Feb 15, 2007
$1,015,000
Public Record
Sold
Dec 30, 2005
$1,030,000
Public Record