768 Elm Street, San Carlos, California 94070, San Carlos, 94070 - 3 bed, 2 bath
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768 Elm Street
San Carlos, California 94070
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,550Sq Ft
7,750Lot Size
Property Price
LIST PRICE$2,750,000
EST. MARKET VALUE
$2,451,929
12% AboveMARKET VALUE
SUMMARY
This property represents a High-Potential Investment Opportunity with a List Price of $2,750,000, positioned above the $2,453,728 Fair Market Value. While priced for its RM-100 Zoning and development potential, the Fair Condition Rating (4/10) reflects a dated interior requiring modernization. The expansive 7,750 sqft lot, combined with the adjacent parcel availability, creates a rare 15,500 sqft assembly for multi-unit projects. Located near Central Middle School (9/10), this asset is best suited for Real Estate Developers or Buy-and-Hold Investors focused on long-term land value.
Estimated Market Value
$2,451,929
Based on Realkey algorithm analyzing recent comparable sales in San Carlos.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 768 Elm Street Subject 3 bd · 2 ba · 1,550 sqft · $1,582 | $2,750,000* List Price | 3 | 2 | 1,550 | $1,582 | - |
A 334 Oakview Drive Sold 3 bd · 2 ba · 1,450 sqft · $1,569 · 0.9 mi | $2,275,000 | 3 | 2 | 1,450 | $1,569 | 0.9 mi |
B 401 Elm Street Sold 4 bd · 3 ba · 1,800 sqft · $1,589 · 0.4 mi | $2,860,000 | 4 | 3 | 1,800 | $1,589 | 0.4 mi |
C 1029 Lupin (lower) Way Sold 3 bd · 2 ba · 1,520 sqft · $1,299 · 0.7 mi | $1,975,000 | 3 | 2 | 1,520 | $1,299 | 0.7 mi |
D 420 Park Avenue Sold 3 bd · 2 ba · 1,430 sqft · $1,923 · 1.0 mi | $2,750,000 | 3 | 2 | 1,430 | $1,923 | 1.0 mi |
E 248 Fairmont Avenue Sold 3 bd · 2 ba · 1,690 sqft · $1,775 · 1.0 mi | $3,000,000 | 3 | 2 | 1,690 | $1,775 | 1.0 mi |
F 1311 Central Avenue Sold 2 bd · 1 ba · 1,370 sqft · $1,810 · 0.9 mi | $2,480,000 | 2 | 1 | 1,370 | $1,810 | 0.9 mi |
G 131 Rockridge Road Sold 3 bd · 2 ba · 1,065 sqft · $1,837 · 0.8 mi | $1,956,000 | 3 | 2 | 1,065 | $1,837 | 0.8 mi |
H 2129 Belmont Avenue Pending 3 bd · 2 ba · 1,650 sqft · $1,515 · 0.8 mi | $2,499,000 List Price | 3 | 2 | 1,650 | $1,515 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Originally built in 1928, the home features a kitchen renovation that appears to be 20-25 years old, characterized by dated white tile countertops, light wood cabinetry, and a fluorescent light box. While the home is well-maintained and livable, it is significantly dated by modern standards, and the listing's emphasis on RM-100 zoning and development potential suggests the primary value lies in the land or a major overhaul.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7750, living area = 1550.
- Great Schools
Middle School: Central Middle School (9/10).
- Prime Location
Situated in the ultra-exclusive Howard Park neighborhood, the property is just two blocks from downtown San Carlos, offering exceptional walkability to shops and dining.
CONSRISKS & DEFICIENCIES
- Premium Pricing
The $2.75M list price for a 1,550 square foot home reflects land and development value, which may be a high barrier for traditional single-family buyers.
- Restrictive Viewing Windows
Availability for viewing is limited to specific time windows, which may complicate the due diligence process for busy prospective buyers.
About 768 Elm Street
Extraordinary opportunity located just two blocks from the vibrant north end of downtown San Carlos. Ultra-exclusive, Howard Park location. This property can be purchased as a single family residence, or purchased for development as it enjoys an RM-100 zoning via the City of San Carlos. Most importantly, the property next door at 776 and 778 Elm Street can be purchased simultaneously. The two properties combined would allow for a 15,500 square foot lot. The current home is has three bedrooms and two bathrooms, accompanied by an oversized living room and formal dining room. Originally built in 1928, this wonderful home showcases fine details of classic 1920's architecture. This very special offering is available for viewing in time-specific windows each week.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 7,750 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Carlos Unified Schools
Central Middle School
Grades 6-8 • 0.2 mi
9/10
Sequoia High School
Grades 9-12 • 1.7 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,550 | 1,969.244 |
| Lot Size | 7,750 | 6,204.537 |
| Price | $2.75M | $2.53M |
| Price per sq ft | $1.8K | $1.5K |
| Built year | 1928 | 1952 |
| HOA | $0 | $0 |
| Days on market | 39 | 31 |
Pricing History
Listed for Sale
Sep 15, 2026
$2,750,000
Initial Listing