262 Castro Street, San Francisco, CA 94114, San Francisco, 94114 - 2 bed, 2 bath

262 Castro Street, San Francisco, CA 94114 home-pic-0
ACTIVE$2,599,000
262 Castro Street, San Francisco, CA 94114
2Beds
2Baths
Sqft
3,360Lot
Year Built
Close
-
List price
$2.6M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
425075913
Home ConditionTear down
Features
Excellent View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.60M(52th), sqft - 0(15th), beds - 2(20th), baths - 2(50th).

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.

Price History

Date
Event
Price
09/22/25
Price Change
$2,599,000
Condition Rating
Tear down

The listing explicitly states this is a 'development opportunity' with approved plans for four new residences, and that the 'images are digital renderings' of the proposed new construction. The existing structures, visible in the aerial photos, appear old, unmaintained, and are clearly intended for demolition to make way for the new development. The property's value is based solely on the land and its redevelopment potential, fitting the 'tear-down' criteria.
Pros & Cons

Pros

Pre-Approved Development Plans: The property comes with approved architectural plans by Geddes Ulinskas Architects, paid for and ready for pickup from DBI, significantly de-risking and accelerating the development process.
Prime San Francisco Location: Situated at the desirable axis of Corona Heights, The Castro, and Duboce Triangle, this location commands premium pricing for completed residences due to high demand and neighborhood prestige.
High-Density Development Potential: The plans allow for the development of four distinct residences (two condos, one standalone cottage, one single-family home) totaling 7,828 sq. ft., maximizing the return on investment for the double lot.
Desirable Future Amenities: Planned homes include highly sought-after features such as Downtown VIEWS, 1-car parking for each unit, roof decks, terraces, and gardens, enhancing market appeal and value.
Architectural Pedigree: The involvement of Geddes Ulinskas Architects suggests a high-quality, design-forward project that will appeal to discerning buyers and command top-tier pricing.

Cons

Mandatory Dual Parcel Acquisition: This parcel must be sold and developed in conjunction with the adjacent 260 Castro St, significantly increasing the initial capital investment and project scope for the developer.
Demolition and Site Preparation: Existing structures on both parcels will require demolition and site clearing, adding substantial costs and time to the pre-construction phase of the project.
Inherent Development Project Risks: Despite approved plans, this remains a large-scale development project, subject to potential construction delays, cost overruns, and market fluctuations, requiring significant capital and specialized expertise.

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