Unlock the potential of this remarkable South San Francisco opportunity. This 3001 sqft vacant lot comes with approved plans for a 1485 sqft 3 bed 2.5 bath main house accompanied by two attached ADUs with separate entrances. For those without a contractor, we've got you covered. A seasoned, local builder is ready to turn your vision into reality. The first ADU offers 421 sqft with 1 bed and 1 bath, while the second ADU offers 351 sqft with 1 bed and 1 bath providing versatile living options and also a great rental income potential. This project has been appraised at $1,885,000 once fully built and construction financing and/or seller financing are available. The location is 5 blocks from downtown, less than a mile to Oyster Point Biosciences, 10 minutes to YouTube HQ, and a quick 10-minute commute to San Francisco. Whether you're an aspiring homeowner or an astute investor, this property offers limitless potential. Don't let this remarkable opportunity slip through your fingers!
Property Details
Property Features
Listing Office:
Office Name: Guide Real Estate
Office Phone: (650) 766-5300
Listing Agent: Alex Lehr
Lot Features
Lot Information:
Lot Size: 0.07 Acres
School Info
Assigned Schools Information:
South San Francisco High School, Public District Grades 9-12
Parkway Heights Middle School, Public District Grades 6-8
Martin Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: Cross Street: Olive Ave
Price Information
Listing Price Info
Price Summary:
List Price: $740,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in South San Francisco, CA.
This property is $460K less than the Median Sold Price in South San Francisco, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #ML81944717
Listing Office:
Office Name: Guide Real Estate
Office Phone: (650) 766-5300
Listing Agent: Alex Lehr
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/29/2024, 5:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,761
Per Month
Principal & Interest
$3,694
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,285
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Martin Elementary School
35 School St
Distance between this listing and this school0.25 miles
Public District Grades KG-5
Middle School
4
/10
Parkway Heights Middle School
650 Sunset Ave
Distance between this listing and this school1.01 miles
Public District Grades 6-8
High School
6
/10
South San Francisco High School
400 B St
Distance between this listing and this school1.22 miles
Public District Grades 9-12
Assigned Schools
5
/10
Martin Elementary School
35 School St
Distance between this listing and this school0.25 miles
Public District Grades KG-5
Nearby Schools
5
/10
Spruce Elementary School
501 Spruce Ave
Distance between this listing and this school0.35 miles
Public District Grades KG-5
6
/10
Los Cerritos Elementary School
210 W Orange Ave
Distance between this listing and this school1.14 miles
Public District Grades KG-5
Assigned Schools
4
/10
Parkway Heights Middle School
650 Sunset Ave
Distance between this listing and this school1.01 miles
Public District Grades 6-8
Nearby Schools
7
/10
Lipman Middle School
1 Solano St
Distance between this listing and this school1.80 miles
Public District Grades 6-8
6
/10
Alta Loma Middle School
116 Romney Ave
Distance between this listing and this school2.18 miles
Public District Grades 6-8
Assigned Schools
6
/10
South San Francisco High School
400 B St
Distance between this listing and this school1.22 miles
Public District Grades 9-12
Nearby Schools
7
/10
El Camino High School
1320 Mission Rd
Distance between this listing and this school1.80 miles
Public District Grades 9-12
6
/10
Capuchino High School
1501 Magnolia Ave
Distance between this listing and this school3.47 miles
The neighbors living near this home have an average income of $84,961. Typical income of South San Francisco, CA residents is between $35k-100k annually. The majority of families are married, with kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 723 Olive St
What is the listing price of this property?
The listing price of 723 Olive St property is $740,000.
What type of property is this?
The property 723 Olive St is land located in South San Francisco, California, 94080.
Is this property for sale now?
Active Listing: 723 Olive St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 723 Olive St are: Martin Elementary School: GreatSchools Rating 5/10Parkway Heights Middle School: GreatSchools Rating 4/10South San Francisco High School: GreatSchools Rating 6/10
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 723 Olive St in South San Francisco, CA and zip code 94080 in the Downtown Soth San Francisco neighborhood. This home sits on a 0.07 acre lot. It has been listed on Rocket Homes since October 11, 2023 and is currently priced at $740,000.
In March 2024, from all listings sold in South San Francisco, CA there were more than 16 sold above asking price, over 5 sold below and more than 2 were sold right at the asked price. The inventory of homes for sale in South San Francisco, CA between February 2024 and March 2024 increased by 31.5%. In March 2024, listings were on the market for 21 days. During the same period, the median list price in this real estate market was $1,200,000.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Mexican League Soccer
Mexican League Soccer
Major League Soccer (MLS)
Pro Boxing
Ross Dress For Less
H&M
Foot Locker
Jack In The Box
Popeyes
Boston Market
Nissan
Honda
Dodge
Rhythmic Contemporary Hits
Urban Adult Contemporary