2536 California Street, San Francisco, CA 94115, San Francisco, 94115 - bed, bath
ACTIVE$2,395,000
2536 California Street, San Francisco, CA 94115
0Bed
0Bath
Sqft
2,879.32Lot
Year Built
1901
Close
-
List price
$2.4M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
425074248
Home ConditionTear down
Features
Good View:
Deck
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $2.40M(50th), sqft - 0(50th), beds - undefined(50th), baths - undefined(50th).
Luxury Development Opportunity Permit‑Ready. EAG Studio design with 8,600 SF of interior living plus garage and gardens. Variances granted and discretionary review cleared through 5+ years of permitting. Plans allow 3 luxury residences + 1 commercial space, three‑car garage, and expansive gardens. Prime Pacific Heights near Fillmore shops, hospitals, Alta Plaza and Lafayette Parks. Rare chance to build new‑construction homes in a tight, rapidly increasing market huge upside with plans and approvals in place. Photos are renderings by EAG Studio.
Price History
Date
Event
Price
09/16/25
Price Change
$2,395,000
Condition Rating
Tear down
This listing is explicitly for a 'Luxury Development Opportunity' to 'build new-construction homes,' with all provided images being 'renderings by EAG Studio' of the proposed future project. The property was built in 1901. This indicates that the value lies in the land and the approved plans for redevelopment, and the existing structure is likely unlivable and intended for demolition, fitting the 'tear-down' criteria.
Pros & Cons
Pros
Permit-Ready & De-risked Development: The property is 'Permit-Ready' with 'variances granted and discretionary review cleared through 5+ years of permitting,' significantly reducing development time, cost, and uncertainty for the buyer.
Prime Pacific Heights Location: Situated in 'Prime Pacific Heights,' the location offers proximity to desirable amenities like Fillmore shops, hospitals, Alta Plaza, and Lafayette Parks, ensuring high demand for luxury residences.
Luxury Mixed-Use Potential: Plans allow for '3 luxury residences + 1 commercial space, three-car garage, and expansive gardens,' providing diverse income streams and catering to a high-end market segment.
Significant Investment Upside: Described as a 'rare chance to build new-construction homes in a tight, rapidly increasing market,' indicating substantial potential for capital appreciation and profitability upon completion.
Reputable Architectural Design & Scale: Designed by 'EAG Studio' with 8,600 SF of interior living, the project benefits from professional, high-quality architectural plans for a substantial luxury development.
Cons
Substantial Additional Capital Required: The listed price is for the development opportunity and plans; significant additional capital investment will be required for the actual construction of 8,600 SF of luxury residences and commercial space.
Inherent Construction & Project Management Risks: Despite being permit-ready, the buyer assumes full responsibility for managing a large-scale luxury construction project, including potential delays, cost overruns, and contractor management.
Market Volatility During Development: The multi-year timeline for construction exposes the project to potential shifts in the luxury real estate market, interest rates, and economic conditions, which could impact the final profitability.