141 3Rd Ave Daly City, CA 94014
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 141 3Rd Ave
- Property type
- Commercial real estate
- APN
- 006-254-030
Description
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
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Daly City
- County
- San Mateo
- State
- California
- Longitude
- -122.462274
- Latitude
- 37.6911981
