JUST LISTED: Historic building - 2501 Ocean Avenue (Lakeside) - IN CONTRACT

PROPERTY OVERVIEW

2501 Ocean Avenue is located in the heart of the Lakeside District with high visibility and heavy foot traffic. Subject property occupies the tip of the triangular parcel of land where Eucalyptus Drive intersects Ocean Avenue, facing toward Junipero Serra Boulevard. 

• Built by Harold G. Stoner in 1940, in the Streamline Moderne style -- an offshoot of the Art Deco style 
• Surrounded by affluent neighborhoods such as St. Francis Wood, Merced Manor, West Portal, Balboa Terrace, Ingleside Terrace, and Forest Hill
• Numbers of shops, services, eateries, parks/playgrounds, and schools on Ocean Avenue and surrounding areas in close proximity
• Within a 1.5-mile radius: Stonestown Galleria, Trader Joe's, Olive Garden, Macy's Nordstrom, YMCA, SAn Francisco State University, Citibank, Stern Grove 
• Easy access to Muni buses and lightrail, along Junipero Serra Boulevard, Ocean Avenue, and 19th Avenue (Muni buses arrive on average every 7 minutes) 
• Quick and convenient commute options also include quick access to I-280, which links with points south and east, as well as Highway 1 (19th Avenue), less than two blocks away
• Plenty of off-site parking with parking lot across the street

NEIGHBORHOOD: LAKESIDE

Lakeside is a long, narrow neighborhood in southwest San Francisco, located between the Stonestown and Ingleside Terrace neighborhoods.  Despite its name, Lakeside is not next to the nearby Lake Merced, but it is very close to San Francisco State University and the Stonestown Galleria.  Bordered by Junipero Serra Boulevard and 19th Avenue, two of the busiest streets in San Francisco, Lakeside is a well-kept and surprisingly tranquil haven in the midst of a bustling city. 

Despite its seemingly out-of-the-way location in the outlying reaches of San Francisco, Lakeside is actually well situated.  In addition to a number of shops, services, and eateries at the northern end of the neighborhood, the Stonestown Galleria, which is literally across the street to the west, offers many conveniences and amenities (including Trader Joe’s and Macys).  Public transportation, which includes bus service and light rail, is readily available making the commute quick and convenient.  I-280 which links with points south and east is a few blocks away, and Highway 1 (19th Avenue), heading north toward Marin is just outside the door.

Developed by Stoneson Development Company in the years between 1936 and 1950, Lakeside was a pricey subdivision for its time, offering lovely homes and embracing the modern notion of putting utility lines underground.  Although most of the homes are relatively modest by today’s standards they are attractive and well maintained.  Several homes are a little more luxurious – including the “mansions” that the Stoneson brothers built for themselves.  Many homes in Lakeside still sport the white picket fences that were considered a signature for the neighborhood in its early years, offering the neighborhood an old-fashioned charm.

OFFERING MEMORANDUM

To view or download the offering memorandum, please click here.

CONTACT

For additional information regarding subject property or if you'd like to inquire about other listings, please contact Brian Leung at (415) 288-7881 or email at brian.leung@colliers.com.