Having hit the market priced at $1.4 million in December of 2016, and briefly in contract early last year, the list price for the 120-foot-wide chunk of Telegraph Hill’s hillside which fronts Sansome Street, below the homes at the end of Alta Street above, has just been dropped to $998,000.
Once again, the 1235 Sansome Street site, which is technically three parcels and was once part of the quarry from which stone for San Francisco’s City Hall was harvested, is actually zoned for development up to 84-feet in height.
And rough renderings for either a 9,000-square-foot private “estate,” or a 13-unit development totaling 22,000 square feet, have been drafted.
Keep in mind that any development of the site, which sits within the boundaries of the Waterfront Historic District and is under the purview of the Telegraph Hill Neighborhood Association, “will require some engineering of the hillside as is normally required by [the City] for sloped lots.”
We’ll keep you posted and plugged-in.