550 Miller Avenue, South San Francisco, California 94080, South San Francisco, 94080 - bed, bath
550 Miller Avenue
South San Francisco, California 94080
Property Price
SUMMARY
Analysis of 550 Miller Avenue, South San Francisco, California 94080 is currently available with a list price of $1,700,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the South San Francisco 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Originally built in 1935, the property is well-maintained and move-in ready but features outdated styles and finishes. The kitchens across the units contain oak-style cabinetry, older white appliances, and basic tile backsplashes consistent with renovations performed 15 to 30 years ago. While the interior shows signs of regular upkeep, such as clean paint and newer carpeting in some rooms, the overall aesthetic, light fixtures, and systems are aged and lack modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Versatility
The property features three distinct buildings on a single lot, providing exceptional privacy and flexibility for multi-generational living or a high-yield investment strategy.
- Income Generation Potential
The triplex configuration allows an owner-occupant to live in the updated 3-bedroom main house while generating significant rental income from the additional 1-bedroom and 2-bedroom units.
- Ample Parking and Storage
With multiple garages and a bonus room included across the units, the property offers rare and highly sought-after off-street parking and storage capacity for the South San Francisco market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 720, other record living area = 480.
- Vintage Infrastructure
Originally built in 1935, the property may require ongoing maintenance or costly upgrades to aging electrical, plumbing, and structural systems to meet modern standards.
- Recent Price Appreciation
A significant list price increase from $1.495M to $1.7M may affect the immediate capitalization rate and could deter value-driven investors.
About 550 Miller Avenue
3 buildings on one lot. 550 Miller is an updated 3 bedroom, 1 bath. 549 Tamarack is a 1 bedroom, 1 bath above 2 garages. 551 Tamarack is a 2 bedroom, 1 bath above an additional bonus room with bathroom and garage. There is a common grass/patio area shared by all units. Great opportunity to live in one unit and rent out the rest!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1935
- Lot Size
- 7,000 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
South San Francisco Unified Schools
Spruce Elementary School
Grades K-5 • 0.1 mi
Martin Elementary School
Grades K-5 • 0.6 mi
Los Cerritos Elementary School
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 720 | 2,160 | 25% |
| Lot Size | 7,000 | 6,300 | 50% |
| Price | $1.70M | $1.46M | 75% |
| Price per sq ft | $2.4K | $708 | 75% |
| Built year | 1935 | 1915 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 111 | 25% |
Pricing History
Listed for Sale
Jan 26, 2026
$1,700,000
$1,495,000
+14% Price Increase
Initial Listing
Price Change
Jan 22, 2026
$1,495,000
Initial Listing