Priced at $850,000 for the two lots together.

The two houses are currently rentals. The buildings are a little over 500 square feet each, and there is a two car garage attached to one of the houses. The lots are 25x100 now, but the owner is in process of converting them to 50x50. The real value of this purchase is in future.

Two separate lots, with two existing homes, means water credits are available for construction. If two new homes were to be constructed here, each would have fine Bay views, and would be on a flat lot, in a great neighborhood--very desirable property.

There are a number of possibilities. Those include building just one house, keeping one of the existing, or building just one house on the two lots.