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.
Property Details
Property Features
Listing Office:
Office Name: Sothebys International Realty
Office Phone: (415) 901-1700
Listing Agent: Callum Hutchins
Lot Features
Lot Information:
Lot Size: 0.08 Acres
Other
Directions Information:
Directions: Turn east on to Clara from 6th St. Clara is one way from west to east
Price Information
Listing Price Info
Price Summary:
List Price: $2,750,000
Tax Information:
Annual Amount: $9,334
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in San Francisco, CA.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$13.7K
Per Month
Principal & Interest
$13.7K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$8,311
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Tenderloin Community Elementary School
627 Turk St
Distance between this listing and this school0.94 miles
Public District Grades PK-5
9
/10
Gordon J. Lau Elementary School
950 Clay St
Distance between this listing and this school1.11 miles
Public District Grades PK-5
4
/10
Redding Elementary School
1421 Pine St
Distance between this listing and this school1.15 miles
Public District Grades KG-5
Nearby Schools
3
/10
Carmichael (Bessie)/Fec
375 7th St
Distance between this listing and this school0.26 miles
Public District Grades KG-8
4
/10
Mission Preparatory
1050 York St
Distance between this listing and this school1.67 miles
Public Charter Grades KG-8
3
/10
Everett Middle School
450 Church St
Distance between this listing and this school1.77 miles
Public District Grades 6-8
Nearby Schools
2
/10
Five Keys Independence High School (SF Sheriff's)
70 Oak Grove St
Distance between this listing and this school0.14 miles
Public Charter Grades 9-12
2
/10
San Francisco County Civic Center Secondary School
727 Golden Gate Ave
Distance between this listing and this school1.09 miles
Public District Grades 6-12
2
/10
San Francisco International High School
655 De Haro St
Distance between this listing and this school1.20 miles
The neighbors living near this home have an average income of $88,600. The most common annual income of people living in San Francisco, CA is between $100k-200k. Most families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 224 Clara St
What is the listing price of this property?
The listing price of 224 Clara St property is $2,750,000.
What type of property is this?
The property 224 Clara St is land located in San Francisco, California, 94107.
Is this property for sale now?
Active Listing: 224 Clara St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $9,334 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on May 10, 2019 for $1,525,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 224 Clara St in San Francisco, CA and zip code 94107 in the South of Market neighborhood. This home sits on a 0.08 acre lot. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $2,750,000.
In October 2024 more than 269 listings in San Francisco, CA were sold above the asking price. During the same period more than 34 listings were sold at asking price, while more than 121 were sold below. The number of listings in San Francisco, CA increased by 0.6% between September 2024 and October 2024. While the average time on the market in October 2024 was 33 days, the median list price was $1,407,244.
From Rocket Homes Real Estate and based on county public records data.
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 
Music Concerts
Music Concerts
Art Museums
Hiking/backpacking
H&M
Bloomingdales
Banana Republic
Chipotle
Starbucks
Jack In The Box
Volkswagen
Audi
Toyota
Rhythmic Contemporary Hits
News