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Listed by Zara M Rowbotham Vanguard Properties
$ 7,950,000
Est. payment | /mo
10,682 Sqft Lot
$ 7,950,000
Est. payment | /mo
10,682 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Residential Lot
Listing Status Active
Purchase Type For Sale
MLS Listing ID 426122752
HOA Y/N No
Lot Size 10,682 Sqft
Acres 0.2452
Property Sub-Type Residential Lot
Property Description
A rare opportunity to acquire a contiguous four-parcel development site in one of San Francisco's most supply-constrained, view-oriented neighborhoods. Positioned along Twin Peaks Boulevard, this 10,682 SF site offers panoramic outlooks, strong market fundamentals, and exceptional redevelopment potential. 1230-1240 Twin Peaks benefits from San Francisco's recently adopted inclusionary housing reforms under the proposed new 5% inclusionary housing requirement, 10% in-lieu fee structure, and expanded density bonus alternatives-subject to final enactment, Planning Department confirmation, and the selected entitlement pathway, the development potential can be significantly enhanced. The property is ideally suited for a mid-rise multifamily development with an estimated yield of approximately 80 units, supported by a third-party massing study. Independent analysis indicates the potential for approximately 80 units across eight levels within a 65-foot height envelope, with no parking requirement. Current planning analysis also contemplates a transition from RH-1 zoning to form-based density through SB 79 and Family Zoning provisions, with no unit-per-lot cap and up to 82% lot coverage utilizing applicable transit-oriented density incentives, subject to all applicable approvals and governmental review. The list price is supported by a formal appraisal prepared by a licensed appraiser. This extraordinary property also captured national attention and was featured on the Travel Channel for its unmatched setting, panoramic views, and visionary development potential.
Location
State CA
County San Francisco
Area Sf District 5
Interior
Fireplace No
Exterior
Utilities Available Electricity Not Available
Building
New Construction No
Others
Tax ID 2821028
Virtual Tour https://issuu.com/vanguardsf7/docs/1230_1240_twin_peaks_blvd_om?fr=xKAE9_zMzMw
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