1531 Jerrold Avenue

Description

$130,000 Price Reduction! Motivated Seller! Rare opportunity for investors/developers/contractors to develop 2 side-by-side lots - 25'x100' each; and build 2 SFH w/ADUs or 2 - 3-story Duplexes with ADUs in prime redevelopment area within federal Opportunity Zone of sunny Bayview neighborhood of SF (utilizing SB-9 will require application, but does not require a neighborhood notification). Process of Final subdivision map approval is on the way. Tentative map for the subdivision of this 50'x100' lot into two 25'x100' lots has been approved on 6/29/22. Architectural Drawings for one SFH and one Duplex on the right side lot are included in the sale. Plans for SFH were submitted to the DBI, but check fees were not paid. All drawings will be included in sale and will be provided upon request. Survey is done and marks are placed on the property. Developing Bayview area is one of city's most vital, most diverse, and most historically important neighborhoods where new single-family homes are in demand. It's located within walking distance to Muni-Metro's T Line connected with CalTrain and BART, Third street commercial corridor, with easy access to 101 and 280 freeways. Buyers are advised to conduct their own due diligence and investigation to verify development potential.