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San Francisco land plays don't get more intriguing than this. Tucked into the hillside and spanning 1.28 acres, this parcel is raw, unimproved, and sitting on a thesis that experienced developers will recognize immediately. Access is everything here, and an easement through the adjacent Water Department land is the move that transforms this from a scenic hillside lot into something with real development potential. That process takes patience, expertise, and the right relationships, but for a buyer who has those tools, this is exactly the kind of asymmetric opportunity worth pursuing. No prior improvements means you come in clean, no demolition, no retrofitting, no inheriting someone else's decisions. Just unencumbered land in one of the most supply-constrained markets in the country, waiting for the right operator who knows how to move on something most people will overlook.

San Francisco land plays don't get more intriguing than this. Tucked into the hillside and spanning 1.28 acres, this parcel is raw, unimproved, and sitting on a thesis that experienced developers will recognize immediately. Access is everything here, and an easement through the adjacent Water Department land is the move that transforms this from a scenic hillside lot into something with real development potential. That process takes patience, expertise, and the right relationships, but for a buyer who has those tools, this is exactly the kind of asymmetric opportunity worth pursuing. No prior improvements means you come in clean, no demolition, no retrofitting, no inheriting someone else's decisions. Just unencumbered land in one of the most supply-constrained markets in the country, waiting for the right operator who knows how to move on something most people will overlook.

397 Warren Drive, San Francisco

Listing courtesy of Exp Commercial of California, Inc..

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .