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Development Opportunity
Development Opportunity
Existing Home with Approved Plans to Build Two, Two Level Luxury Condominiums
$1,995,000
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
Open Houses:
Coming Soon
Brokers Tour:
Coming Soon
Additional Showings by Appointment:
Contact Suzanne Gregg
(415) 816-9133
[email protected]
Compass
Broker Associate
InvestSF, Helping Clients Develop Wealth since 1989
DRE# 01045513
415.692.0060 office
415.816.9133 mobile
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.
