224 Clara Street, San Francisco
San Francisco Home For Sale
224-228 Clara Street is a vacant property in the South of Market District on a 3,600 SF lot that is entitled for a 5-story 9-unit multifamily development. The property is currently a vacant building. Ownership has obtained entitlements to build a 9-unit multifamily property consisting of eight (8) 2-bedroom/2-bathroom units and one (1) 1-bedroom/1-bathroom unit. When complete, the property will be LEED Silver certified and will feature open living/dining/kitchen spaces, direct elevator access to each unit, and a lobby with up to 17' high ceilings. The proposed development was designed by renowned local architect Stanley Saitowitz of Natoma Architects Inc., designer of innovative buildings such as 8 Octavia and 603 Tennessee. The South of Market District embodies a vibrant blend of residential, retail, office, and industrial spaces. Over the past decade, the neighborhood has undergone a remarkable surge in residential development, resulting in a thriving community with a growing population and an array of retail offerings. The investment appeal of the property is its central location in the City and its potential as a fully entitled multifamily redevelopment.
Property Details
Essential Information
-
- MLS® #:
- 423900072
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- Price:
- $3,000,000
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- Bathrooms:
- 0.00
-
- Acres:
- 0.08
-
- Type:
- Land
-
- Sub-Type:
- Residential Lot
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- Status:
- Active
Community Information
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- Address:
- 224 Clara Street
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- Area:
- SF District 9
-
- Subdivision:
- South of Market
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- City:
- San Francisco
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- County:
- San Francisco
-
- State:
- CA
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- Zip Code:
- 94107
Amenities
-
- Utilities:
- Electricity Available
Additional Information
-
- Date Listed:
- August 11th, 2023
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