499 Evergreen Avenue, Daly City, California 94014, Daly City, 94014 - 5 bed, 2 bath
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499 Evergreen Avenue
Daly City, California 94014
ACTIVE
CONDITION: GOOD
5Beds
2Baths
2,515Sq Ft
2,500Lot Size
Property Price
LIST PRICE$1,249,000
EST. MARKET VALUE
$1,292,796
3% BelowMARKET VALUE
SUMMARY
This Legal 2-Unit Multi-Family Asset is a High-Potential Investment Opportunity, listed at $1,249,000—positioned well below the $1,290,491 Fair Market Value by 3%. This valuation gap offers $41,491 in Instant Equity. With a Good Condition Rating following a 2015 permitted renovation, the property features modern finishes and a 2-car garage. Its vacant delivery allows for immediate market-rate leasing or owner-occupancy. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating property near BART and I-280.
Estimated Market Value
$1,292,796+$43,796 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Daly City.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 499 Evergreen Avenue Subject | $1,249,000* List Price | 5 | 2 | 2,515 | $514 | - |
A 3236 San Jose Avenue Sold | $1,030,000 | 6 | 3 | 1,640 | $628 | 0.4 mi |
B 188 Santa Barbara Avenue Active | $1,099,950 List Price | 3 | 2 | 1,720 | $640 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property underwent a comprehensive permitted renovation in 2015 (11 years ago based on listing date), which included new plumbing, electrical, and Hardie board siding. The kitchens and interiors feature modern shaker cabinetry, stone countertops, and stainless steel appliances, placing it firmly in the 'Good' category as a well-maintained, move-in ready home.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
- Vacant Multi-Unit Potential
The property is delivered fully vacant, a rare advantage in the Bay Area that allows an owner-occupier to move in immediately or an investor to set market-rate rents without tenant relocation hurdles.
- Extensive Permitted Renovations
A comprehensive 2015 renovation included new plumbing, electrical, Cat 5 wiring, and durable Hardie board siding, significantly reducing the risk of immediate capital expenditures for the buyer.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2500, living area = 2515.
- Limited Bathroom Count
Both the three-bedroom and two-bedroom units feature only a single bathroom each, which may be a competitive disadvantage for modern families or co-living arrangements.
About 499 Evergreen Avenue
Legal 2-unit building in Daly City, California, delivered vacant at close of escrow. 2,515 total square feet: a 3-bedroom, 1-bath upper unit and a 2-bedroom, 1-bath lower unit, each separately metered for gas and electric. Renovated in 2015 under permit and finaled, with new plumbing, new electrical, new appliances, Cat 5 wiring, and Hardie board fiber cement siding. A 2-car garage and a dedicated laundry room serve the building. With Bay Area rents climbing, vacant delivery lets a buyer occupy one unit and rent the other, or set market rents on both, with no tenancy in place. Located off Mission Street in Daly City, with quick I-280 access and roughly a 10-minute drive to San Francisco. Daly City sits at the north end of the Peninsula, where I-280 connects to both the San Francisco and Silicon Valley job corridors. Minutes to Daly City BART, Westlake Shopping Center, and the Cinemark Century 20 theaters. A permitted, fully renovated legal 2 units delivered vacant is an uncommon combination in Daly City.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1917
- Lot Size
- 2,500 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Daly City Unified Schools
George Washington Elementary School
Grades K-5 • 0.5 mi
3/10
Longfellow Elementary School
Grades K-5 • 0.6 mi
3/10
Woodrow Wilson Elementary School
Grades K-5 • 0.6 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.3 |
| Baths | 2.0 | 2.2 |
| Square foot | 2,515 | 1,511.679 |
| Lot Size | 2,500 | 3,166.107 |
| Price | $1.25M | $1.27M |
| Price per sq ft | $497 | $820 |
| Built year | 1917 | 1956 |
| HOA | $0 | $222 |
| Days on market | 33 | 38 |
Pricing History
Listed for Sale
Aug 7, 2026
$1,249,000
Initial Listing
Sold
Jun 7, 2004
$735,000
Public Record