260 Castro Street, San Francisco, CA 94114, San Francisco, 94114 - 2 bed, 1 bath
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San Francisco, CA 94114
This Shovel-Ready Development Opportunity is listed at $1,399,000, matching its $1,399,000 Fair Market Value. As a High-Potential Investment Opportunity, the asset includes DBI-approved plans for four luxury residences totaling 7,828 sq. ft. featuring Panoramic Downtown Views and dedicated parking. Located in Corona Heights near Lowell High School (10/10), the project supports premium exit pricing for the completed units. With a Condition Rating of 6, the value is anchored in the entitlements. This is a strategic acquisition for Real Estate Developers or Sophisticated Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 260 Castro Street Subject | $1,399,000* List Price | 2 | 1 | 1,240 | $1,128 | - |
A 734 Elizabeth Street Sold | $1,570,000 | 3 | 1 | 1,302 | $1,206 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is explicitly marketed as a development opportunity with approved plans to demolish the existing structures and build four new residences. Aerial photos show the current 2-bedroom home is aged and the lot is unmaintained, while the high-quality architectural images provided are digital renderings of the proposed future project. The value is based entirely on the land and its redevelopment potential.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
The property features fully approved and paid-for plans from DBI, allowing a developer to bypass the lengthy and uncertain San Francisco entitlement process and begin construction immediately.
Positioned at the axis of Corona Heights, The Castro, and Duboce Triangle, the location is highly coveted and supports premium exit pricing for the completed luxury residences.
This parcel must be sold and developed alongside the adjacent lot at 262 Castro Street, which increases the initial capital requirement and complicates the acquisition process for some buyers.
The project involves significant shoring and the simultaneous construction of four distinct residences, requiring a sophisticated contractor and substantial budget for technical execution.
Incredible development opportunity in Corona Heights! 260 Castro St has approved plans that are paid for and ready to be picked up from DBI (per seller). This parcel must be sold and developed with the adjacent parcel which also has approved plans, 262 Castro St. This double lot development has architectural plans crafted by Geddes Ulinskas Architects and calls for the development of four residences totaling 7,828 sq. ft.: a) two 3-bedroom condominiums at 1,963 sq. ft. and 1,787 sq. ft., b) one 2-bedroom standalone single family home cottage at 1,680 sq. ft., and c) one 3-bedroom single-family home at 2,398 sq. ft. The homes will include Downtown VIEWS as well as 1-car parking for each home. Roof decks, terraces, and gardens are included in the plans. A 2-bedroom, 1-bathroom single family home currently sits at the front of 260 Castro St, and a 2-bedroom, 2-bathroom single family cottage sits at the rear of the parcel of 262 Castro St. Located in a highly-sought after location at the axis of Corona Heights, The Castro, and Duboce Triangle, the location of this opportunity affords the developer to command a premium price for the completed homes. The full construction package includes shoring and interior design plans. Images are digital renderings, buyers to investigate.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 34% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 1,240 | 1,935 | 23% |
| Lot Size | 3,600 | 2,848.82 | 89% |
| Price | $1.40M | $2.60M | 9% |
| Price per sq ft | $1.1K | $1.5K | 23% |
| Built year | 0 | 1906 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 212 | 202 | 66% |
Sep 22, 2025
$1,399,000
Initial Listing
Aug 29, 2017
$1,800,000
Public Record
Apr 30, 2015
$2,650,000
Public Record