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1500 19th Avenue

$1,988,000

1500 19th Avenue
San Francisco, CA 94122

Beds 0
Baths 0
Square Feet 6,500 sqft

Property Description

1500 19th Ave sits at the edge of the Inner Sunset, one of the most desirable neighborhoods in San Francisco. In a city where land is scarce, here is a unique opportunity to own a large 65 ft x 100 ft parcel. The 6,500 sf corner lot is currently home to a tune up shop providing great rental income for the new owners. The location also has easy access to freeways and public transit, is right on many of the tech bus lines, and is only two blocks away from a variety of local restaurants, cafes, grocery stores, and banks.

The lot is currently zoned RH2 with a 40 FT height limit and has other potential uses with the proper variance. Per the Property Zoning & Land Use Research report conducted by Gary Bell & Associates Inc., in addition to residential, the current permitted uses are agricultural neighborhood, child care, public facilities, and residential care facility. With a Conditional Use Authorization, further uses can be pursued including parking garages, schools, hospitals, and religious institutions. (Current owners have architectural drawings from many years ago for a four-story school which can be viewed upon request.) And with a proper rezoning of the lot, the property could result in a broader range of allowable uses. Bonus programs like HOME-SF may be applied for. HOME-SF is San Francisco's unique density bonus program which allows for additional stories beyond what is typically allowed, as well as relief from density controls. This option makes it a great value-add opportunity to the new owner. More information can be found at (https://sfplanning.org/home-sf). Another great option could be subdividing the lot into three 2166 sq ft lots with a 25 ft minimum frontage. A subdivision into 4 parcels of 1625 sq ft could also be explored. Potential buyers shall do their own due diligence and obtain the necessary permits for their desired use.

The Sunset District is the largest neighborhood within the city and county of San Francisco, and with a population of over 85,000 it is also the most populous. Educational institutions include the Parnassus campus and medical center of the University of California, San Francisco, main campus of San Francisco State University, Abraham Lincoln High School, St. Ignatius College Preparatory (a private, coeducational school operating in San Francisco since 1855), and Lowell High School. Nearby 1500 19th Ave is Wah Mei School, which has been providing a high quality Chinese bilingual preschool program for more than 40 years and Lycée Français, a fabulous French immersion school. Additionally, there is a rich array of very good public schools, including some of the best in the City.

The Sunset District also has a huge assortment of fabulous restaurants, cafes and coffee houses.  Commercial establishments include:

Walgreens • Bank of America • First Republic Bank • Starbucks • Sunset Library • Chase Bank • Several Safeways • Andronicos • Stonestown Mall • Commercial Districts along several parts of Judah Street, Noriega Street, Taraval Street, and more.

**PLEASE DO NOT DISTURB TENANTS**

Property Details

Price:$1,988,000
Size SqFt:6,500

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