262 Castro Street, San Francisco, CA 94114, San Francisco, 94114 - 2 bed, 2 bath
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San Francisco, CA 94114
Analysis of 262 Castro Street, San Francisco, CA 94114 is currently available with a list price of $2,599,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the San Francisco Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
This property is marketed exclusively as a development opportunity with approved plans for new construction. While a small cottage exists on the lot, the listing's value is based on the land and entitlements; the primary images provided are digital renderings of the proposed future project, not the current structure.
The property features fully approved and paid-for plans from DBI, significantly reducing the entitlement risk and multi-year lead times typically associated with San Francisco construction.
Situated at the prime axis of Corona Heights, The Castro, and Duboce Triangle, the location allows a developer to command premium pricing for the finished luxury residences.
Plans by Geddes Ulinskas Architects include high-value features such as Downtown views, dedicated parking for every unit, and private outdoor spaces including roof decks and terraces.
The parcel must be sold and developed specifically with the adjacent lot at 260 Castro St, which increases the total capital requirement and complexity of the acquisition.
As a major development project requiring shoring and the construction of four distinct residences, it carries substantial execution risk and is not suitable for traditional residential buyers.
Incredible development opportunity in Corona Heights! 262 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, 260 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 | 35% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 848 | 1,935 | 11% |
| Lot Size | 3,360 | 2,848.82 | 87% |
| Price | $2.60M | $2.60M | 47% |
| Price per sq ft | $3.1K | $1.6K | 96% |
| Built year | 0 | 1906 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 212 | 202 | 67% |
Sep 22, 2025
$2,599,000
Initial Listing
Jul 1, 2019
$1,850,000
Public Record
Nov 20, 2015
$1,700,000
Public Record
Apr 30, 2015
$2,650,000
Public Record