Deal or No Deal: Gettin’ Gritty in South City
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This week’s Deal or No Deal comes to us straight out of the Industrial City. While 50 years ago that moniker meant factories, today South San Francisco’s industry means Biotechnology. Genentech (Roche) and numerous other Bio-tech firms call the Oyster Point section of South City home. Proximity to San Francisco either by car or train, along with booming biotech profits has transformed this once middle class city into one of the up and coming parts of the Bay Area. Schools have improved, crime is down and new swanky developments dot the hills.
While home values have declined with the rest of the state, we believe South City’s housing market area will 
emerge as one of the first to stabilize when we move from housing correction into housing recovery.
This property is updated, clean, and although small is close to Bart, a Trader Joes, Costco and displays good pride in ownership. It’s been on the market for just a few weeks and may not last.
DEAL or NO DEAL?
Comment below and tell us what you think!
Address: 269 Sequoia Ave., South San Francisco, CA 94080
Status: ACTIVE
Bedrooms: 3; Bathrooms: 2
Living Space: 1,000 square feet
Lot Size: 5,350
List Date: 3/31/2009
Original List Price: $515,000
Current List Price: $515,000
Average School API: 790
Zip Code Sales Last 3 Months (year-over-year): -16.3%
% Homes in Foreclosure in Zip: 2.4% (Low)
% Housing Inventory For Sale in Zip: 0.80% (Low)
MLS number: 80916066
Real Estate Agent Comment: Beautiful updated home with gorgeous deck and backyard located in a wonderful family nieghborhood!!!