
Millbrae, California 94030
This property presents a High-Potential Investment Opportunity with a List Price of $2,200,000—positioned well below the $2,249,375 Fair Market Value by 2%. This valuation gap offers $49,375 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires a full renovation, yet the 9,096 sqft corner lot and detached garage provide significant development potential. Located near top-rated schools like Mills High (9/10), this is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 898 Lomita Ave Subject 4 bd · 2 ba · 2,220 sqft · $1,013 | $2,200,000* List Price | 4 | 2 | 2,220 | $1,013 | - |
A 720 Hacienda Way Sold 3 bd · 2 ba · 1,660 sqft · $1,120 · 0.4 mi | $1,860,000 | 3 | 2 | 1,660 | $1,120 | 0.4 mi |
B 965 Helen Drive Sold 4 bd · 2 ba · 1,930 sqft · $1,051 · 0.6 mi | $2,028,000 | 4 | 2 | 1,930 | $1,051 | 0.6 mi |
C 926 Larkspur Drive Active 3 bd · 2 ba · 1,380 sqft · $1,250 · 0.5 mi | $1,725,000 List Price | 3 | 2 | 1,380 | $1,250 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1956 and marketed as a 'renovation project,' this property is in mostly original condition with finishes and systems exceeding 50 years of age. The kitchen, bathrooms, and flooring are severely dated, and the listing's description as a 'blank canvas' confirms the need for a total interior and systems overhaul.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9096, living area = 2220.
High School: Mills High School (9/10).
The generous 9,096 sqft corner lot includes a versatile detached garage and an extra-long driveway, providing an ideal footprint for an ADU conversion, home office, or significant expansion.
Marketed as a 'blank canvas' and 'ultimate renovation project,' the property likely requires a substantial capital investment to modernize its original 1950s systems and finishes.
At a $2.2 million list price for a home in need of full modernization, the total cost of acquisition plus renovation may be high for buyers not looking for a major project.
Cherished by the same family since the 1960s, this single-story gem occupies a generous corner lot in one of Millbrae’s most desirable neighborhoods, offering subtle peek-a-boo bay views and endless potential. The highly functional single-level layout features bright, wrap-around floor plan that seamlessly connects the living room, dining area, kitchen & breakfast nook like only an authentic Mid Century Modern can. Bonus family/media room with separate entrance along with 4 bedrooms and 2 bathrooms complete the ample living space. Outside, an extra-long driveway accommodates 4 to 5 vehicles and leads to a versatile detached garage—ideal for an ADU conversion, home office, or personal gym. Situated minutes from Millbrae schools, bustling downtown Broadway dining scene, SFO, and ideal Peninsula weather, this blank canvas is the ultimate renovation project ready for its next owner to realize their dream vision.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 2.0 | 1.9 |
| Square foot | 2,220 | 1,800 |
| Lot Size | 9,096 | 6,709.35 |
| Price | $2.20M | $2.14M |
| Price per sq ft | $991 | $1.3K |
| Built year | 1956 | 1957 |
| HOA | $0 | $0 |
| Days on market | 3 | 30 |
Oct 21, 2026
$2,200,000
Initial Listing