Home | San Mateo County | South San Francisco | 94066 | 421 Cypress Ave
MLS: SF426174145 | Status: Active | Price: $9,000,000
Beds/Baths: – / –
Property Type: Commercial Sale
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | 8,941 | 0.261 | 1947 |
Rare entitled development site in the heart of Downtown South San Francisco. 421 Cypress Avenue and 209 & 213 Lux Avenue form a three-parcel assemblage of approx. 0.584 acres. The site is zoned Downtown Transit Core (DTC) within the Downtown Station Area Specific Plan, roughly a quarter mile from the South San Francisco Caltrain station. The site is entitled for a 7-story, 85-foot mixed-use building. The approved project has 99 residential units, approx. 142,252 SF gross building area (FAR 4.70), 93,940 SF net rentable, 1,500 SF of ground-floor retail and 99 parking stalls. The unit mix is 6 studios, 12 one-bedrooms, 56 one-bedroom + dens, 9 two-bedrooms and 16 two-bedroom + dens, with 15 units designated below market rate. Significant upside: a stacked bonus under California's State Density Bonus Law could potentially yield approx. 180-210 units, with 165-185 units suggested as a practical planning target. Buyer to independently verify eligibility and feasibility. The site is currently improved with five occupied apartments (1 studio, 4 one-bedroom), a leased parking lot and a vacant 8,941 SF restaurant building at 421 Cypress. Four apartments are month-to-month and one is leased through 8/19/2027. Excellent regional access: approx. 7 minutes to SFO, 8 minutes to BAR
| Field | Value |
|---|---|
| MLS # | SF426174145 |
| MLS Source | San Francisco Association of Realtors® MLS |
| Days on Site | 34 |
| Feature | Details |
|---|---|
| # Buildings / # Units | 0 / 0 |
| Parking Spaces | 0 |
| Present Use | Mixed |
Dominic Morbidelli
Maven Commercial, Inc.
License #: 02024348
Phone: (415) 404-7314
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 0 | – | 0 |
School data provided by GreatSchools.org
©2026 San Francisco Association of Realtors® MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from San Francisco Association of Realtors® MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of November 02, 2026. For the most current information, please contact Dominic Morbidelli, (415) 404-7314.