23 Wood Street, San Francisco, CA 94118

Property Description

23 Wood Street presents a development opportunity in Laurel Heights, positioned on a cul-de-sac with unobstructed 360-degree outlooks, including top-of-the-hill views on 3rd and 4th levels. The site includes a nearly completed foundation, estimated by the seller at approximately 75% complete, buyer to verify, along with a car pit in progress and a structural steel beam already on site. The property was previously entitled for a two-unit condominium development as part of a sibling design with 19-21 Wood and 23-23A Wood Street, each featuring underground two-car garages. Each residence was designed to offer over 2,200 square feet, with a clear separation of indoor and outdoor living spaces. The lower unit design includes direct access to a private rear deck, with exclusive title and a large deck area suitable for extended outdoor use. The upper unit features multiple outdoor areas, including a rooftop deck, front deck, and rear balconies, allowing for varied open-air use connected to the main living areas, with plans including a private elevator serving the upper unit. Construction documents, permits, job cards, and plan documents are available. Permits have expired; however, recommencement may be possible, subject to buyer verification with the City and County of San Francisco. The property was originally part of a two-lot development with 21 Wood Street, which is also available, offering potential efficiencies for buyers considering a combined project. 23-23A Wood includes an approved and recorded condominium HOA. Buyers are advised to confirm all development potential and requirements with the city.