“No kitchen, no bath and the rear portion of the structure is falling off.”
Vanguard Properties: 469 Clipper St , San Francisco, CA 94114
469 Clipper St , San Francisco, CA 94114
Bdrms Bths Pkg Year Sq.Ft. HOA Price MLS#
0 1 2 1900 1,983 $0 $995,000 343307
Additional Info: Rare opportunity! One of two side-by-side properties for sale, each 30′ x 114′ and zoned RH-2. A large single-story vacant Victorian of 1896 sq ft (per appraiser) that has been deteriorating for years. No kitchen, no bath and the rear portion of the structure is falling off. There would be potential Downtown views from a second story. South garden. Walk to 24th St or Church St restaurants and shops. Near J-Church streetcar, walk to 24th St BART, near Douglass and Noe Courts Parks.
Thanks to Burbed reader Laura G for this find.
This, more than any listing as of late proves how amazingly freakin’ special the Bay Area is. You could only be so lucky as to own a home like this.
No kitchen, no bath, part of the structure falling off? Can you say instant equity?
July 22nd, 2008 at 7:29 am
WTF!? Yes- instant ‘potential’ views of the downtown once the back end of the house falls off. All for a million bucks… un-freakinbelievable…
July 22nd, 2008 at 7:49 am
Now this is the type of house I’m used to seeing on Burbed! un-freakinbelievable as Bob says!! No kitchen? Awe thats okay, I’m making a ton of money from google so I can just eat out, plus google kitchen’s are open late anyway. Awe, no bathroom; yeah I’ve got it covered. There must be a service station near? What shall I do for shower, oh yeah, google has showers that I can use before I start my 1 hour commute home. All is well and good in the RBA:-).
I love the way they say “potential” second story view of downtown, ah hahaha; it’s either there or it’s not!
July 22nd, 2008 at 9:15 am
No kitchen, no bath, the house is falling apart, and unless I’m missing something, I see no bedrooms.
So what exactly are they doing with 1896 sq ft? This is $1,000,000?
July 22nd, 2008 at 9:34 am
Look at the listing for 567 Jersey St to see why this is indeed a good opportunity. Same size, same age, same area, $1,675,000. Not a project for the faint of heart though.
July 22nd, 2008 at 9:44 am
I wonder how you’d manage to slip the “remodel” permit for this one past the inspectors. “Yes, we plan to build a second story up on stilts entirely above the existing house. Six months after, we’ll knock down the existing house and fill in underneath the “added” second story…”
July 22nd, 2008 at 10:39 am
No kitchen, no bath, the house is falling apart, and unless I’m missing something, I see no bedrooms.
So what exactly are they doing with 1896 sq ft? This is $1,000,000?
I think for a mil you get 2 parking spaces.
July 22nd, 2008 at 11:08 am
Hey you guys just don’t see the potential. I see some newly relocated Genentech manager buying this up and spending $600k to buldoze and rebuild on the hill, by then this is going to be the most beautiful house in the neighborhood! By then you will be able to park 6 cars for parties and there will be 3 stories above the first floor parking (hm, maybe $600k is not enough for this).
And he would rent out the 2nd and 3rd story for $3000, each. Cha-ching!
BTW, why it says 1 bath and then later claims there is no bath? I sense that it is a “maybe” bath.
July 22nd, 2008 at 11:44 am
seriously, this is an awesome deal.great location, incredible potential with great views.
figure about $1.5 m for construction + arch/eng fees and permits.
July 22nd, 2008 at 12:35 pm
BTW, why it says 1 bath and then later claims there is no bath? I sense that it is a “maybe” bath.
Remember the house with the 0.1 bath? This is a house with .001 bath. A millibath. They give you the handle to a flush toilet upon closing.
July 22nd, 2008 at 12:41 pm
Gosh, this house certainly is both quaint and charming. With lots of potential.
If I had a little more sense, I’d buy the house. The problem is, how best to take advantage of the “potential view”? Perhaps a tree house could be built? Or maybe some sort of bird’s nest like on a pirate ship. Yes, I can see it now…. I’d erect a bird’s nest and then transform the house into a pirate ship. Once I’m done with that I think I may try to orchestrate a live show daily like the one in Vegas.
Talk about income potential; whoever picks this up is one lucky person.
July 22nd, 2008 at 12:42 pm
“BTW, why it says 1 bath and then later claims there is no bath? I sense that it is a “maybe” bath.
Remember the house with the 0.1 bath? This is a house with .001 bath. A millibath. They give you the handle to a flush toilet upon closing.”
Lol, I was thinking a living room with a toilet next to the fireplace.
July 22nd, 2008 at 1:13 pm
If I had a little more sense, I’d buy the house. The problem is, how best to take advantage of the “potential view”?
Easy. Bulldoze the “historical” house and roll in a doublewide trailer. Either that or be the first in SF to indulge in a future trend: getting back to living with outdoor plumbing/outhouses and having a seperate kitchen in a shack, complete with the servants to cook in it since you must be loaded to buy this anyway. Bay Area people are always trying to be the first to bring back olde worlde tradition. Why not bring back outhouses?
July 22nd, 2008 at 2:57 pm
bob: Hehe, yeah, build a “micro-villa” on your property…separate buildings for bed, toilet, kitchen…
July 22nd, 2008 at 3:15 pm
I like your style, but I fail to see how you could maintain that as an investment long term…Maybe some hippies would rent the branches to sit in. I’m sure they would go for it once they see the view. You could add to the incentive by threatening to cut the trees down.
July 22nd, 2008 at 3:16 pm
Only thing is, I am afraid, that the city will disallow the new owner to “change the charming look and feel of a 1900 style landmark and the neighborhood”.
Then, if he is creative, he can make this into a mystery house. (I am just not sure how good is ticket sales for the Winchester house) Parking will be a problem though.
July 22nd, 2008 at 3:21 pm
BTW, I would advice the buyer to wait until this house collapse, that would save the bulldoze cost. And the city might be fining the seller some muh money that the guy will be so desperate that he offers you $1.1m including cleaning cost.
July 22nd, 2008 at 3:33 pm
BTW, I would advice the buyer to wait until this house collapse, that would save the bulldoze cost.
——
Some crowd in Open House would do the job. Of course who wants to be inside this house when it collapses!
July 22nd, 2008 at 3:37 pm
Oh, and by the way, here’s more “good” news for you RE investors:
The San Francisco Chronicle reports from California. “Foreclosures across the state surged to a 20-year high during the last three months, as tens of thousands of additional Californians lost their homes and more than 100,000 neared the brink. Notices of default rose nearly 125 percent from a year ago during the second quarter and trustee deeds recorded, which reflect the actual homes taken back, soared more than 260 percent, according to DataQuick.”
“The number of defaults and foreclosures were the highest in DataQuick’s statistics, which go back to 1992 and 1988, respectively. Among homeowners who fall into default, an estimated 22 percent now emerge from the foreclosure process by catching up on their payments, refinancing or selling. That’s down from 52 percent a year ago.”
“In the Bay Area, mortgage servicers recorded 18,516 notices of default, up more than 140 percent from a year ago, DataQuick said. The largest increase was in Santa Clara County, where defaults rose 194.2 percent to 3,751. The smallest gain was in San Francisco, 62.6 percent to 418.”
July 22nd, 2008 at 4:13 pm
Pralay,
Nice try, but do you think the stairs are still intact when they tell you there is a “potential” view?
If I were the owner I would complain about something to the city, like the electricity lines are not safe etc, so that they would come over and drill. Then valla! When it collapse I may be able to sue the city for destroying my precious charming old landmark.
July 22nd, 2008 at 4:16 pm
Bob,
If you follow the Chronicle, you find that they consistently exaggerate the real estate downturn and the foreclosure situations by using aggregate data to confuse the matter. They follow up by interviewing low income people to paint a gloomy picture.
I’ve seen many downturns/recessions/bubble burstings in the past, and to be honest, I’m not feeling the pinch this time.
July 22nd, 2008 at 4:29 pm
I predict that those 18,516 notices of default will be easily countered by the Genetech boom. What part of “immune to to the economy” do you people not understand?!
On another note am I the only one who wants to go actually *see* this beauty? I’m dying to know where the toilet is. I’ve always wanted to take a dump whilst warming my hands by the fire…
July 22nd, 2008 at 5:43 pm
What part of “immune to to the economy” do you people not understand?!
———-
Of course I understand. Don’t you know that Roche makes vaccines for economic down-syndrome? That’s how they became “immune” themselves.
Once they buy Genentech, they will start vaccination for ALL the bay area hitech companies. Voila!
July 22nd, 2008 at 5:59 pm
Living nearby, I just had to see what over a million would buy me, with or without the back end of the house. I keep flashing back to low this many years ago when we bought our humble Noe Valley Victorian (with kitchen, two baths and a back wall) for $200,000 and were told it “would never gentrify” “that neighborhood has topped out.” Well.
July 22nd, 2008 at 6:11 pm
Looks like the listing has been removed.
What a POS. San Francisco is one of the most over-rated POS I’ve seen. Yeah, there are good restaurants and plenty of diversity. But there’s also plenty of weirdos too. The weather hasn’t been all that great.
Too many people on crack, trying to sell dumps like these for exorbitant sums to fools who want to live the “good life.”
July 22nd, 2008 at 6:12 pm
Hahahahaha! Did anyone catch the address of this place? Clipper street! As in the rear portion of the structure is falling off, you’d better clipper! Haw haw haw!
July 22nd, 2008 at 7:16 pm
RealEstater,
I have zero doubt that when the papers ran nothing buy “good” stories when housing was going up 20% every year that you were absolutely thrilled and in love with the media. But now that things aren’t going so well, now you think its some giant conspiracy and that they must be lying. Nevermind that the last three business days has yielded very telling, negative sales and price results that clearly coordinates along with the article in the Chronicle. Did you notice that any “good” news, of which the NAR and CAR are more than happy to jump all over and make sound as rosy as possible is strangely absent from the latest reports? hmmm… I wonder what that means?
We are in a RE downturn with reductions in sales and prices. I’m not sure how much more stupid-proof the reports or people here can make it.
I’m also not feeling a pinch, mainly because I didn’t buy a overpriced, depreciating POS in the BA and have plenty of cash and investments because like yourself, I’ve seen what happens in the BA, which is to say it is on a non-stop crash and boom cycle, and one can easily get themselves into serious trouble investing in one of the latest snake oil fads of which one we’re now starting to recover from.
July 22nd, 2008 at 8:57 pm
“Of course I understand. Don’t you know that Roche makes vaccines for economic down-syndrome? That’s how they became “immune” themselves.
Once they buy Genentech, they will start vaccination for ALL the bay area hitech companies. Voila!”
Aha! Instant equity for all!
But.. still, I am curious. Did you mean economic down or economic downs? Economic down syndrome meaning a downturn in economy, or an economic downs syndrome in which a person, perhaps RE, has a complete and utter inability to comprehend basic economic principals?
July 22nd, 2008 at 10:58 pm
Bob says,
“I’m also not feeling a pinch, mainly because I didn’t buy a overpriced, depreciating POS in the BA”
You’re not feeling the pinch, but where’s your quality of life? You’re living on the East Bay and commuting to the peninsula daily in a junk car.
Who says anyting about buying a depreciating POS? You just happen to live in a major depreciating town surrounded by many POS. When I walk out the door, I see European architecture and luxurious living all around.
July 23rd, 2008 at 7:39 am
RE,
I’m not really taking any of your remarks seriously because I don’t think you’re actually being serious. If you are, then I find that rather alarming. But, being the troll-feeding person that I am, I’ll clarify my position even though doing so is pointless. But I’m drinking my coffee and in a good mood to boot.
My quality of life is just fine, thank you. We love where we live. Where we live is literally an island. The town is like one from the 1950’s. You can walk to town, park anywhere, never worry about anybody stealing things, or being hassled. We’re insulated from the rest of the BA, so we’re our own little area, which gives it a nice feeling of being independent. There’s lots of really nice restaurants along with some bars that sells everything from PBR to fine Belgian brews. We’re right on the ocean and I can walk to it in 5 minutes. We have a large beach. I can see SF very clearly on most days.
I’ve been renting the same house for 5 years. The landlord likes us a lot, and so do the neighbors. We have a large yard with two gardens. I also have a shop and my own office. We get to do whatever we please, from landscaping to painting and having backyard BBQ’s. Our rent is cheap and doesn’t impact our savings much at all. Basically, its not really all that different from owning our own house. We will own one someday, but for now I can’t imagine living as well as we do for as cheap as we do regardless if we bought or continued to rent.
As far as cars, well I used to be a car-nut. I used to want to own a sports car of some sort. But for one thing, most cars made in the last 20 years in my opinion are ugly and plain. There isn’t a car made today that I find very attractive. The cars we have aren’t going to win beauty contests, but they’re very reliable and economical. They also don’t impact our savings rate, which to me is key.
What it all boils down to is that me and my Wife are both taking complete and total advantage of the economic situation we’re currently in. If the rent and cost of living is cheap, allowing us to save what would take 10-15 years elsewhere, then we’ll be in a good position before we’re even 35.
We long ago decided not to partake in the rat race, gotta’ buy a house syndrome people in the BA get caught up in. The US is a large country with many great placed and we intend to live as we please and choose from the best areas that are the most appropriate for modern young families, which is increasingly becoming areas that aren’t like those of NYC, Boston, SF, and LA.
Hope that clarifies it for you.
July 23rd, 2008 at 9:06 am
Bob,
What you wouldn’t get in the other places is life style. Keep in mind life style has two parts: life, and style.
Well, maybe you did get some life through online dating, so I’m not 100% correct…
July 23rd, 2008 at 9:24 am
Why does RealEstater have MY TELEVISION as his icon?
July 23rd, 2008 at 9:38 am
DensityDuck,
This is to remind renters that every month they are literally giving away a flat screen TV.
July 23rd, 2008 at 9:49 am
lisa paul, you are my kind of real estate buyer. I suspect when you bought in Noe, it was not the “in destination” for RE. People don’t realize how much the neighborhoods in the bay area have changed over the years. I can’t really think of any good neighborhoods that went bad, but I can think of dozens of marginal areas that turned into high end zipcodes over time. This is not to say you have to buy low and sell high to make money in RE. You can buy high and sell higher also. But many low end locations turn around- its just a waiting game.
July 23rd, 2008 at 10:00 am
What you wouldn’t get in the other places is life style
Most people have no clue what style and “Life” is all about other than the offal they watch on TV every night. According to TV, we should all be living in NYC or LA, complete with Wives with too much plastic surgery, expensive cars, and stucco houses with 20 foot ceilings. That’s much of the problem today. People watch sitcoms, HGTV, and The Wives of Orange County and assume that they too are of that ilk.
Everyone has an idea of what their own style is like. Where I grew up, you could take off for the lake and be there in 15 minutes, pull out a boat or go to a local swimming area and later have a picnic under a shade tree. Either that or head out for the Smokey Mountains and hour away and head up the Mount Le’conte trail and be 7,000 feet up in the clouds. It also meant having large front porches with rocking chairs sipping on lemonaide. Or perhaps going to bluegrass festivals or watching plays at the Cumberland playhouse. It also meant living in an area where by and large, the middle class was the most prominent, people with regular jobs lived respectable lives, and the sense of community was strong because most everyone there were third and fourth generation locals.That to me is what “style” and living is all about.
For others, I suppose living along a Freeway in San Jose or Palo Alto is heaven, living in their little 1950’s, postage stamp sized yard, 1 million dollar rancher house, hoping, praying, wishing that their kids will get into a functioning public school housed in trailers. Either that or tripping all over the bums and drugs addicts in SF while freezing your ass off in July. As you can tell by my language, I’m not exactly in love with this area. I rarely go to SF and to this day fail to see whats up with SV other than the fact that a lot of companies pay their employees well who in turn spend a lot of money on ordinary houses just to live ordinary lives that can easily be had just about anywhere else. Just because something is expensive doesn’t mean its actually good. Expense and the lifestyle it comes with needs to be reevaluated in the BA because these have nothing to do with each other.Most people in the BA don’t make that connection at all.
July 23rd, 2008 at 10:28 am
this clipper house might fall into the category of “lived in hard” that somebody asked about on this blog a while back. I don’t know why the kitchens and baths are missing (usually that happens when an investor bought the house - started the remodel and let it foreclose)- but houses like this typically have issues because in the 70s and early 80s, these that were rentals were split into 3 or 4 units and rented out- meaning there could have been literally 20 people living in these places back then, and that overuse destroys a house. What you have in those cases is a ton of amateur wiring and plumbing that is required to support turning one house into 4 units (basement gets plumbed hanging off the bathroom upstairs or some such but utilizing the same drainage facility of that one bathroom- overuse), etc.
Rear of structure falling off could be anything- even lack of paint and roof to protect bare wood from rain. The key is there should be no foundation damage but I think they would have called that out. There are some properties in San Ramon area built on hills where literally the entire hillside is falling off, thats a much more severe condition than this. this requires some rebuilding for sure but its probably salvageable. As for the bath and kitchen assuming the plumbing is there - you are actually better off having the old crap removed, because for a house like this you would have to pay to pull out the existing mess at any rate. The problem is, with no bathroom currently, this house may not qualify for some loans.
July 23rd, 2008 at 10:41 am
I have zero doubt that when the papers ran nothing buy “good” stories when housing was going up 20% every year that you were absolutely thrilled and in love with the media. But now that things aren’t going so well, now you think its some giant conspiracy and that they must be lying.
——-
Bob,
Not long ago, RealEstater was cheering the media news for “Feb home sales is up”.
July 23rd, 2008 at 10:47 am
Most people have no clue what style and “Life” is all about other than the offal they watch on TV every night. According to TV, we should all be living in NYC or LA, complete with Wives with too much plastic surgery, expensive cars, and stucco houses with 20 foot ceilings.
—–
Bob,
You got it right. It is pathetic that someone, who is talking about quality of life or life-style, has only thing to talk about his life is zip-code, Porsche and equity.
July 23rd, 2008 at 12:56 pm
bob, not everyone on the blog lives the Shallow Alto lifestyle (and that includes most Palo Altans). So don’t sell my lifestyle short. It’s 94087… Lifestyles of the overvalued and pedestrian! We have a cookie cutter suburb full of starter homes with mature trees, complete with ancient schools that aren’t fit to wipe New Jersey’s butt but can brag that they’re the best in the whole city. All for only a million plus each if you act fast! Or $850K if you wait a few months.
Speaking of NJ I have family in Tenafly and just spoke with one member, the houses there have rolled back 15-20% and his large 5/2.5 place on a quarter acre is worth about $650K. Tenafly, one of the best school systems in the whole state. The place isn’t on the East Hill (where prices are much higher), but still. Burbed seems to have a thing about Tenafly so I want to warn that Zillow is doing something weird with the estimates there.
July 23rd, 2008 at 2:42 pm
“Feb home sales is up”
Is he wrong? After that,
“foreclosures are down in May”,
and now,
“Genentech is going to push up prices in BA”.
I don’t think so!
How do you prove that Elvis no longer lives when people are seeing evidence that he is still alive? How do you prove that there is no alien when there are so many circled corn fields?
July 23rd, 2008 at 3:20 pm
FRIENDS IN SF TOLD ME ABOUT THIS HOUSE!!!!!! As An Opportunity. Yeah, to be sucked back into the cult. I told them that the years that I lived in the Mission District (aka Silicon Gulch) cured me of the desire to have to clean human wee and ka off the stoop most mornings. “Well, you never would invest in a metal gate!” No, I didn’t feel like locking myself in a cage every night. Like backpacking in the Smoky Mts. Or living in San Quentin.
Madhaus, maybe the listing is coy about BRs coz of this: I was told that between the renters, squatters, dogs/cats/squirrels/rats, and ravers, the whole place smelled of wee and ka.
Bob said it all: nonstop crash and boom. That’s why I left. If I wanted a vicious, hideous bipolar disorder, I could date Rush Limbaugh. Speaking of large ugly overpriced things that smell of wee and ka.
calla
July 23rd, 2008 at 3:39 pm
DensityDuck: Why does RealEstater have MY TELEVISION as his icon?
RealEstater: This is to remind renters that every month they are literally giving away a flat screen TV.
I wonder what icon would best signify monthly equity burn? A 20% price drop over a year would eat up a lot of 45 inch plasma TVs.
July 23rd, 2008 at 5:19 pm
That is a flat screen TV? I thought it is a monitor. If it is a TV it is a pretty damn small one, probably 26′.
July 23rd, 2008 at 5:48 pm
It’s a beautiful night tonight out in the RBA.
To all you renters out there: I propose a toast to our landlords for being such kind people! I don’t know about yours, but mind is quite a genial human being. It’s a rare soul that will pay nearly $4,000 a month for the privilege of owning my pad while I pay $2,500 to rent it. Not only that but he’s going to be taking the brunt of “guaranteed depreciation” as I live out the course of my lease. All this and there isn’t even a lawn to water!
Three cheers for you landlords out there.
July 23rd, 2008 at 6:11 pm
Rick says,
>>That is a flat screen TV? I thought it is a monitor. If it is a TV it is a pretty damn small one, probably 26′.
Actually you’re wrong. If you measure it, it’s more like an inch.
July 23rd, 2008 at 7:39 pm
The US is a large country with many great placed and we intend to live as we please and choose from the best areas that are the most appropriate for modern young families, which is increasingly becoming areas that aren’t like those of NYC, Boston, SF, and LA.
FWIW, parents are moving back into Manhattan like crazy.
San Francisco, on the other hand, is still seeing a mass exodus of children.
July 25th, 2008 at 11:28 am
San Francisco reminds me of that movie “Children of Men”
August 2nd, 2008 at 5:58 am
[...] will be the next area to gentrify? “No kitchen, no bath and the rear portion of the structure is falling off.” [Burbed.com] WillowGlenner Says: July 23rd, 2008 at 9:49 [...]