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292 Arleta Avenue, San Francisco, CA 94134, San Francisco, 94134 - bed, 1 bath

292 Arleta Avenue, San Francisco, CA 94134 home-pic-0
ACTIVE$688,000
292 Arleta Avenue, San Francisco, CA 94134
0Bed
1Bath
600Sqft
2,495.99Lot
Year Built
1923
Close
-
List price
$688K
Original List price
-
Price/Sqft
$1,147
HOA
$0
Days on market
-
Sold On
-
MLS number
425082821
Home ConditionTear down
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $688.0K(26th), sqft - 600(2th), beds - undefined(2th), baths - 1(38th).

A rare opportunity to acquire a fully designed and entitled three-unit infill project in the heart of Visitation Valley, San Francisco. The site at 292-296 Arleta Avenue is approved under SB-9 to replace an existing single-family home with a new three-story multifamily structure featuring two primary residences and a separate ADU. The modern design totals 4,454 sq ft, including 3,187 sq ft of conditioned living area, a 284 sq ft garage, and 118 sq ft of storage. Located minutes from Bayshore Boulevard, Caltrain, and Highway 101. The project offers a shovel-ready path to construction, complete with full plans, entitlements, and utility coordination. Ideal for developers or 1031 investors seeking an efficient, ready-to-build opportunity in a strong housing corridor.

Price History

Date
Event
Price
10/22/25
Price Change
$688,000
Condition Rating
Tear down
The property, built in 1923, is explicitly marketed as a development opportunity where the existing 600 sqft single-family home is intended to be replaced with a new three-unit multifamily structure. The listing description and property analysis clearly state that the current structure 'likely requires demolition.' The exterior images show a severely neglected building with boarded-up windows and a dilapidated appearance, strongly indicating it is unlivable and beyond repair. There are no interior photos, further supporting the assessment that the existing structure holds no value for habitation and its value is solely in the land and approved development plans.
Pros & Cons

Pros

Entitled Development Project: Fully designed and entitled three-unit infill project under SB-9, significantly de-risking the development process and maximizing unit potential.
Shovel-Ready Opportunity: Complete with full plans, entitlements, and utility coordination, offering an efficient and ready-to-build path to construction.
Strategic Location: Located minutes from major transportation hubs (Bayshore Blvd, Caltrain, Highway 101) in a strong San Francisco housing corridor.
High-Density Potential: Approved for a new three-story multifamily structure featuring two primary residences and a separate ADU, optimizing land use.
Investor-Ready Asset: Ideal for developers or 1031 investors seeking a streamlined path to a multi-unit income-generating asset in a high-demand market.

Cons

Existing Structure Demolition: The current 1923 single-family home (600 sqft) likely requires demolition, adding initial cost and time before new construction can commence.
Significant Capital Investment: Despite being shovel-ready, the project demands substantial capital for demolition and new construction, which is not included in the list price.
Market & Construction Risk: As a development project, it is subject to fluctuations in construction costs, interest rates, and future market demand for units upon completion.

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