Opportunity to own and redevelop approximately 175 linear feet of Sagamore Street located in the Oceanview district of San Francisco. These properties are to be sold together and offer a myriad of options to develop, improve, and create value.
List Price $2,388,000 Lot and Block 7147-036
Total Lot size approx. 16,132 sq. ft. (as per tax records)
Two Edwardian 3 Br/1 Ba flats
Both units vacant
Two car garage with additional storage space, and deep rear garden
Duplex sq. ft. approx. 2,998 sq. ft. (as per tax records)
Large open space vacant lot
RH 1 Zoning
Spanish style 3 Br/1Ba home
Garage with additional storage space, and deep rear garden
House sq. ft. approx. 902 sq. ft. (as per visual artist measurements)
Non living space approx. 1000 sq. ft. (as per visual artist measurements)
List Price $889,000 Lot and Block 7147-044
Craftsman style home 3+ Br/1Ba
Two car garage with additional storage space, bonus room, and rear yard
House square feet approx. 1600 +/- sq ft (as per visual artist measurements)
Lot size approx. 3,897 sq. ft. (as per tax records)
Tenant Occupied $3,000/mo rent
Located in the Oceanview neighborhood in San Francisco, with a 74 very walkable and 76 excellent transit scores on WalkScore.com, you are a quick walk from Minnie & Lovie Ward Rec Center with easy access to Stonestown Galleria, shops and eateries along Ocean Avenue, and simple commuter access to major travel arteries. A 15 minute drive to downtown San Francisco, 7 minutes to SF State University, and a few blocks from #54 bus line. You’ll also be in the desirable school district of Lowell High School, which got a 10/10 on GreatSchools.com.
Both Parcels to sell and close simultaneously
Please note that Seller reserves right to accept or reject any and all offers and Seller is a Trustee of these properties
Seller has requested that Buyers allow up to 72 hours to respond to offers
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.
Noe Valley Detached 2 Unit Corner Value Add Opportunity
Upper Unit 3819 23rd Street is vacant and virtually staged 2 level carpeted 5 room 2 bedroom 2 bath (unwarranted 2nd bath) with fire place, high ceilings and hardwood floors throughout plus unwarranted finsihed attic. Newer furnace, water heater, stove, interior paint, and skylights & shades. Value add opportunity to create habitable space out of the unwarranted finished attic.
Lower Unit 3821 23rd St is a full floor 5 room 2 bedroom 1 bath with newer furnace and carpet on a month to month tenancy occupied as therapy offices paying $4,350 monthly.
Additional value add is to develop additonal parking below unit 3821 23rd St by incorporating existing basement.
Additional upgraded property features include newer roof, 38 new windows, back stairs, exterior paint, sewer pipes, new backyard street fence, and general improvements.
Each unit has its own laundry porch with washer & dryer hookups plus storage area. Backyard allows for 1 small car parking and leads to basement & storage area.
City Assessors Office shows building as 3,080 square feet
Graphic Artist floor plan shows building as 4,457 square feet (includes unwarranted attic along with basement & storage).