Development Opportunity

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Entitled to Develop Two Luxury Condominiums

Shovel Ready Project


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Entitlement Information



  • Complete Architectural Plans by Shatura Architecture
  • Complete Structural / Engineering and Shoring Plans by One Design
  • Soils Engineering Plan by Murray Engineering
  • All consultants paid in full by Seller
  • Shovel Ready Project – Buyer to pay for permits


About this home's

Existing Site Information









Existing Home with Approved Plans to Build Two, Two Level Luxury Condominiums


Situated on an extra deep lot, this property has fully approved development plans to build a spectacular 4 level, 2 luxury condominium project that showcases dramatic open space and thoughtful designer floorplans. Approved plans are permit ready and call for 4000+/- sellable square feet in addition to a 2 car garage.  Both condominiums will live and flow like single family homes once developed.  Lower Unit # 1 condominium will feature 3 bedrooms, 3.5 bathrooms (2 en-suite) and upper unit #2 will feature 3 bedrooms and 2.5 bathrooms.  Multiple outdoor decks, charming San Francisco views of the bay, church steeples, southern hills, and bucolic garden offer valuable assets to achieve a luxury valuation once complete.  This unique opportunity is situated on a quiet street in the hills of prime Noe Valley, just a few blocks from the restaurants, cafes, boutiques and grocers of the vibrant Church Street and 24th Street.

Lot Size:                                   2850 sf 25x114 (as per tax records)

Zoning:                                    RH2

Existing Home Sq. Ft.:           1438 sf (as per tax records)

Lot and Block:                        6612-017

  • Please note that the home is currently rented on a month to month basis for $4,850/mo.
  • Some images are artist renderings of approved plans.

get in touch


Open Houses:
Coming Soon

Brokers Tour:
Coming Soon

Additional Showings by Appointment:
Contact Suzanne Gregg
(415) 816-9133
[email protected]

Suzanne Gregg


Broker Associate

InvestSF, Helping Clients Develop Wealth since 1989

DRE# 01045513

415.692.0060 office

415.816.9133 mobile

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Neighborhood Gallery

448 Valley Street San Francisco

Towering above Noe Valley on the north and Glen Canyon to the south, the neighborhood of Diamond Heights offers some of the best views in the city. Developed in the 1960s, this is a quiet, peaceful residential district tucked along the streets that wind beneath eucalyptus. Charming, tree canopied stairway walks connect the streets, and provide steep short cuts and breathtaking views. Harry Stairway, just south of Beacon leads up Billy Goat Hill, a local pocket park that provides stunning vistas.
The neighborhood has the laid back feel of a suburb within the city limits. Comprised of single-family homes, stucco bungalows, and mid-century modern dwellings including approximately 100 prized Eichlers built on seven distinct floor plans, Diamond Heights is called an undiscovered gem by its residents.
 Noe Valley is a 15-minute walk, and downtown San Francisco a short 10 minute drive. Shopping is confined to a small, but comprehensive retail center on Diamond Heights Blvd and a retail district on Portola between Diamond Heights and O'Shaughnessy Blvd.