Situated in perhaps one of San Francisco’s hippest and most quintessential locations, with comparable condominiums currently selling on average $1275 per square foot (according to MLS), this development opportunity is awaiting the savvy buyer.
Currently 1720-24 Larkin is a multi-family structure with adjacent garage on one lot. The existing three unit structure is already under renovation and will be transformed into large, modern, and exquisite residences, which will be brought to market upon completion. Plans call for splitting the lot and demolishing the existing garage structure to make way for five luxury condominiums of varying sizes, amenities, and views.
Approved architectural plans and lot split to be provided prior to close. The existing 3 unit structure will NOT be included in this sale, it will be a separate address.
Existing: 1 Story Garage
Proposed: 5 Story, 5-Unit Building
Zoning: RM-2, Proposed R-2 Residential Occupancy
Height Limit: 65-A
Year Built: 1905
Proposed Parcel Area: 3,484 Square Feet
Gross Building Area: 10,160 Square Feet
Net (Sellable) Living Area: 7914 Square Feet
Unit 1: 2 bed, 2 bath, 1090 Square Feet w/ deeded patio
Unit 2: 3 bed, 3 bath, 1742 Square Feet w/ deeded deck
Unit 3: 3 bed, 3 bath, 1770 Square Feet
Unit 4: 3 bed, 3 bath, 1779 Square feet
Unit 5: 2 bed, 3 bath, 1542 Square feet w/ deeded deck
Rooftop: Common area roofdeck
Parking: 2 car, 5 bicycles
With transportation, dining, entertainment, cable cars, stunning vistas, and San Francisco charm literally steps in every direction from this property, paired with an incredible lack of quality inventory (especially new construction) in the area, all signs point to an incredible resale upon project completion.
Detailed plans are available upon request.