New building permits have been filed for a residential building at 237 Sanchez Street, by the Castro in Mission District, San Francisco. The development would demolish a single-family dwelling in the city to replace it with a four-story five-unit apartment infill.
The building last sold in July 2018 for $1.9 million. Combined with the construction permits, valued around $1.52 million, this cost works out to $684,000 per unit. The address is just four blocks away from the Castro’s commercial core and right along Market Street. Two blocks away is a Market Street light rail station, providing a fifteen-minute commute into San Francisco’s central business district. Four blocks away is the Mission Dolores Park.
Demolition permits have already been filed for the two-story single-family to make way for the apartments. The estimated completion date has not been announced yet. The developer and architect were not listed on public documents.