224 Clara St San Francisco, CA 94107
South of Market NeighborhoodEstimated payment $12,276/month
About This Lot
Situated in a prime South of Market location with excellent east bay, peninsula and downtown access, 224-228 Clara is an exceptional, shovel-ready, fully entitled development opportunity, designed by Stanley Saitowitz. Currently, the 3600 square foot lot has a vacant residential structure permitted for demolition and unimproved open space. The developed project consists of 8 market rate 2 bedroom/2 bath apartments of 1180 square feet and a single 1BR/1BA Below Market apartment of 870 square feet. As designed, the units would have open floorplans, floor to ceiling glass, unique circular bathrooms and generous kitchen islands. Top floor units would have panoramic City views. All residential floors have elevator service directly to each apartment. There is 640 SF of common roof deck with sweeping City views, lobby with bike storage and one unit with exclusive outdoor space. Construction is steel moment frame with Fire Treated Wood. This is a truly rare opportunity to begin building a unique luxury development in contrast to other cookie cutter builds in the area.
Listing Agent
Sotheby's International Realty License #01176371 Listed on: 10/29/2024
Property Details
Property Type
- Land
Est. Annual Taxes
- $21,142
Lot Details
- 3,600 Sq Ft Lot
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $21,142 | $1,701,164 | $1,701,164 | -- |
| 2024 | $21,142 | $1,667,808 | $1,667,808 | -- |
| 2023 | $21,027 | $1,635,106 | $1,635,106 | $0 |
| 2022 | $20,978 | $1,603,046 | $1,603,046 | $0 |
| 2021 | $20,207 | $1,571,614 | $1,571,614 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/10/2025 11/10/25 | For Sale | $1,995,000 | 0.0% | -- |
| 11/10/2025 11/10/25 | Off Market | $1,995,000 | -- | -- |
| 03/04/2025 03/04/25 | Price Changed | $1,995,000 | -11.3% | -- |
| 12/16/2024 12/16/24 | Price Changed | $2,250,000 | -18.2% | -- |
| 10/29/2024 10/29/24 | For Sale | $2,750,000 | -- | -- |
Source: San Francisco Association of REALTORS®
MLS Number: 424076132
APN: 3753-701
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