For Sale
$3,895,000

141 3Rd AveDaly City, CA 94014

14-unit Entitled Townhouse Project

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully entitled 14-unit townhouse development project located at 141 3rd Ave, Daly City, CA 94014 (APN 006-254-030). The asking price is $3,895,000, translating to $124.48 per square foot of land value and $278,214 per entitled unit. The project comprises seven identical three-bedroom, two-and-a-half-bathroom townhouses, each with the potential to add an accessory dwelling unit (ADU) on the ground floor. This offers significant versatility for residents, potentially increasing rental income or providing additional living space. The development benefits from its prime Daly City location, providing easy access to local amenities, public transportation, and various shopping and dining options. The entitlements for this project are valid until March 2025. The identical building design minimizes construction costs and complexity, making this a highly attractive investment in a strong residential market with historically high demand. There are no designated below market rate (BMR) units

Highlights

  • Seven identical buildings minimize development costs and streamline construction.
  • $278,214 per entitled unit; $124.48 per entitled square foot.
  • High demand for new housing in the area.
  • In-lieu fees paid in place of on-site below market rate units.
  • Robust residential market with a proven track record of high demand.
  • Potential for ground-level Accessory Dwelling Units (ADUs) ideal for home offices, rentals, or multi-generational living.

Property Details for 141 3Rd Ave

Property type
Land

Location Insight

City
Daly City
County
San Mateo
State
California
Latitude
37.6911981
Longitude
-122.462274
141 3Rd Ave, Daly City, California

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141 3Rd Ave
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