$1,995,000

Estimated payment $13,108/month

Total Views 5,591
0.08 Acre
$24,152,542 Price per Acre
3,600 Sq Ft Lot

About This Lot

Situated in a prime South of Market location with excellent east bay, peninsula and downtown access, 224-228 Clara is an exceptional, shovel-ready, fully entitled development opportunity, designed by Stanley Saitowitz. Currently, the 3600 square foot lot has a vacant residential structure permitted for demolition and unimproved open space. The developed project consists of 8 market rate 2 bedroom/2 bath apartments of 1180 square feet and a single 1BR/1BA Below Market apartment of 870 square feet. As designed, the units would have open floorplans, floor to ceiling glass, unique circular bathrooms and generous kitchen islands. Top floor units would have panoramic City views. All residential floors have elevator service directly to each apartment. There is 640 SF of common roof deck with sweeping City views, lobby with bike storage and one unit with exclusive outdoor space. Construction is steel moment frame with Fire Treated Wood. This is a truly rare opportunity to begin building a unique luxury development in contrast to other cookie cutter builds in the area.

Listing Agent

Callum Hutchins

Sotheby's International Realty License #01176371

Sotheby's International Realty

Property Details

Property Type

  • Land

Lot Details

  • 3,600 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 3753-701

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential Lot
  • Special Features: None

Utilities

  • Electric: Electric TBD

Lot Info

  • Assessor Parcel Number: 3753-701
  • Current Use: Vacant
  • Lot Size Acres: 0.0826
  • Lot Size Sq Ft: 3600.00
  • Lot Size Units: SqFt
  • Price Per Acre: 24152542.37

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2025 03/04/25 Price Changed $1,995,000 -11.3% $554 / Sq Ft
12/16/2024 12/16/24 Price Changed $2,250,000 -18.2% $625 / Sq Ft
10/29/2024 10/29/24 For Sale $2,750,000 -- $764 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

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Source: San Francisco Association of REALTORS® MLS

MLS Number: 424076132

San Francisco Association of REALTORS® MLS