The median home value in San Francisco, CA is $1,386,500This is lower than the county median home value of $1,450,000.
The national median home value is $308,980.
The average price of homes sold in San Francisco, CA is $1,386,500.
Approximately 33% of San Francisco homes are owned, compared to 59% rented, while 8% are vacant.
San Francisco real estate listings include condos, townhomes, and single family homes for sale.
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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.
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Courtesy: Brian Leung - Compass Commercial
Brian Leung
