353 Rivera Street, San Francisco, CA 94116, San Francisco, 94116 - 3 bed, 4 bath
ACTIVE$1,750,000
353 Rivera Street, San Francisco, CA 94116
3Beds
4Baths
2,073Sqft
2,077.81Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Top Cons:
Significant Construction Investment Required: The property is a shell, requiring a substantial additional capital outlay for full construction to realize the approved plans and make it habitable.
Compared to the nearby listings
Price:$1.75M vs avg $1.68M (+$70,000)67%
Size:2,073 sqft vs avg 2,073 sqft50%
Price/sqft:$844 vs avg $48067%
More Insights
Built in 1926 (99 years old).
Condition: The property is explicitly described as 'fully vacant and gutted to the studs,' and the images confirm it is an uninhabitable shell with exposed framing, bare concrete floors, and boarded windows. While groundwork for electrical and plumbing has been updated, there are no functional kitchens, bathrooms, or interior finishes. The property's value is based on the land and approved development plans, not the existing structure as a habitable dwelling.
Year Built
1926
Close
-
List price
$1.75M
Original List price
-
Price/Sqft
$844
HOA
$0
Days on market
-
Sold On
-
MLS number
425070789
Home ConditionTear down
Features
Good View:
View-
About this home
353 Rivera Street, San Francisco - Rare build-ready opportunity! Fully vacant and gutted to the studs, this property has cleared all red tags and comes with approved plans for a 2,674 sq. ft. two-story home plus a 1,357 sq. ft. roof deck. From the upper level, enjoy partial ocean views, while the groundwork has already been completed with updated electrical, plumbing, and compliance with California building standards. Positioned on a corner lot near parks and schools, this project is ideal for investors, developers, or end-users looking to create a dream residence in San Francisco.
Nearby schools
8/10
West Portal Elementary School
Public,•K-5•0.4mi
8/10
Clarendon Alternative Elementary School
Public,•K-5•0.9mi
9/10
Jefferson Elementary School
Public,•K-5•1.2mi
9/10
Chinese Immersion School At Deavila
Public,•K-5•2.1mi
1/10
Mission Education Center
Public,•K-5•2.2mi
2/10
Fairmount Elementary School
Public,•K-5•2.5mi
6/10
San Francisco Public Montessori School
Public,•K-5•3.7mi
/10
Chinese Education Center
Public,•K-5•4.9mi
7/10
Hoover (Herbert) Middle School
Public,•6-8•0.1mi
8/10
Yu (Alice Fong) Elementary School
Public,•K-8•0.9mi
9/10
Lawton Alternative Elementary School
Public,•K-8•1.3mi
8/10
Giannini (A.P.) Middle School
Public,•6-8•1.5mi
6/10
Rooftop Elementary School
Public,•K-8•1.5mi
3/10
San Francisco Community Alternative School
Public,•K-8•2.5mi
8/10
Presidio Middle School
Public,•6-8•2.6mi
4/10
Buena Vista/ Horace Mann K-8
Public,•K-8•2.8mi
2/10
Revere (Paul) Elementary School
Public,•K-8•3.2mi
3/10
Carmichael (Bessie)/Fec
Public,•K-8•4.0mi
9/10
Lilienthal (Claire) Elementary School
Public,•K-8•4.2mi
7/10
Lincoln (Abraham) High School
Public,•9-12•0.6mi
6/10
Academy Of Arts And Sciences
Public,•9-12•1.1mi
9/10
Asawa (Ruth) San Francisco School Of The Arts, A Public School.
Public,•9-12•1.1mi
10/10
Lowell High School
Public,•9-12•1.3mi
7/10
Balboa High School
Public,•9-12•2.4mi
7/10
Washington (George) High School
Public,•9-12•2.4mi
3/10
Mission High School
Public,•9-12•2.6mi
7/10
Wallenberg (Raoul) Traditional High School
Public,•9-12•2.7mi
2/10
Wells (Ida B.) High School
Public,•9-12•2.8mi
2/10
Jordan (June) School For Equity
Public,•9-12•3.1mi
3/10
O'connell (John) High School
Public,•9-12•3.2mi
2/10
S.F. International High School
Public,•9-12•3.4mi
1/10
Downtown High School
Public,•9-12•3.7mi
2/10
Marshall (Thurgood) High School
Public,•9-12•3.8mi
5/10
Burton (Phillip And Sala) Academic High School
Public,•9-12•4.0mi
8/10
Galileo High School
Public,•9-12•4.7mi
Price History
Date
Event
Price
05/06/25
Sold
$500
Condition Rating
Tear down
The property is explicitly described as 'fully vacant and gutted to the studs,' and the images confirm it is an uninhabitable shell with exposed framing, bare concrete floors, and boarded windows. While groundwork for electrical and plumbing has been updated, there are no functional kitchens, bathrooms, or interior finishes. The property's value is based on the land and approved development plans, not the existing structure as a habitable dwelling.
Pros & Cons
Pros
Great Schools: Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Approved Development Plans: The property comes with approved plans for a substantial 2,674 sq. ft. two-story home plus a 1,357 sq. ft. roof deck, significantly de-risking and accelerating the development process in San Francisco.
Advanced Project Readiness: Crucial groundwork, including updated electrical, plumbing, and compliance with California building standards, has already been completed, saving the buyer substantial initial costs and time.
Cleared Regulatory Hurdles: All 'red tags' have been cleared, indicating a clean slate for construction and avoiding common, costly delays associated with code violations or past issues.
Desirable Corner Lot Location: Positioned on a corner lot in a sought-after San Francisco neighborhood, offering enhanced light, privacy, and potential for unique architectural design, plus proximity to parks and highly-rated schools.
Partial Ocean Views & Customization Potential: The upper level offers partial ocean views, adding significant value, and the 'gutted to the studs' state provides a rare opportunity for complete customization of a luxury residence.
Cons
Significant Construction Investment Required: The property is a shell, requiring a substantial additional capital outlay for full construction to realize the approved plans and make it habitable.
High Project Management Demands: The buyer must be prepared to manage a complex, large-scale construction project, involving considerable time, effort, and coordination with contractors and suppliers.
Limited Immediate Utility & Income: As a gutted property, it offers no immediate occupancy or rental income, representing a non-performing asset until the extensive construction is completed.