Property file
1115 Holmes Avenue
Tracking an approved whole-house demolition permit and any later planning activity separately from assumptions about what may follow.
Current status
Rarefund Project 22 LLC has an approved whole-house demolition permit, BLD-2026-895, for demolition of the existing one-story, 1,191-square-foot single-family house. The demolition application was filed June 1, 2026 and the permit was issued August 13, 2026.
Observed September 29, 2026: the existing residence was demolished. Neighborhood photography taken during demolition shows the structure largely down, with demolition equipment and debris still on the site behind construction fencing.
Owner
Rarefund Project 22 LLC.
Current / most recent application
Whole-house demolition permit BLD-2026-895 was issued August 13, 2026, and the existing residence was demolished September 29, 2026. No later planning application has been established in the records assembled for this site.
Latest documented activity
September 29, 2026 — Existing residence demolished. Neighborhood photography taken during demolition shows the house largely demolished, with demolition equipment and debris still on the property. No later development application has been established in the records assembled for this site.
What we know
- The property was purchased by Rarefund Project 22 LLC in March 2026 for $1.9 million.
- The demolition application was filed June 1, 2026.
- The demolition permit was issued August 13, 2026.
- The existing residence was demolished September 29, 2026.
What we don’t know
Recent property history
Rarefund Project 22 LLC purchased the property in March 2026 for $1.9 million. A contemporaneous real-estate listing described the residence as “move-in ready” and advertised recent improvements. Listing photographs showed an intact, maintained residence.
The listing also mentioned possible ADU or SB 9 development potential, with buyer verification. That marketing language is not evidence that Rarefund Project 22 LLC intends to pursue either pathway.
Occupancy history
Former ownership has been identified, but whether the residence was occupied by any tenants during a statutory lookback period has not been independently established. If a future Starter Home application is filed, applicant declarations and City review concerning renter-occupied housing will be important primary records.
What we’re watching next
- Any new Planning application, tentative map, Starter Home filing or SB 9 filing.
- Any building-permit activity associated with a replacement or new development.
- Any applicant declarations or City findings concerning recent occupancy if a future application makes that relevant.
Why this property is being watched
The demolition applications for 1115 and 1124 Holmes were both filed June 1, 2026 and both permits were issued August 13. The permits involve separately numbered Rarefund project LLCs.
Those parallel facts are documented. Whether the parcels are part of a coordinated development strategy, share project infrastructure, or will use the same legal development pathway remains an open question pending further records.
Documents & sources
See the Sources & Methodology library for the demolition-permit record, property-history sources and dated observations used on this page.
Why demolition sequencing matters
The residence was demolished September 29, 2026 under a standalone demolition permit. No approved replacement development is identified in the neighborhood's October 20 presentation. A demolition permit does not establish which development, if any, will follow.