Did another earthquake just hit San Francisco? $932 per square foot?
372 Arleta Ave, San Francisco, CA 94134 Visitacion Valley MLS# 346045 - Property Details
$429,000
* Status: Active
* Bedroom: 1
* Bathroom: 1
* Year Built: 1947
* Lot Size: N/A
* Square Footage: 460
* List Date: 8/21/2008
* Garage Spaces: 1This is a conservatorship sale subject to court confirmation. Fixer upper. Enter at your own risk. 50 x 100 lot with small home and older garage. Property to be delivered as is, loaded with the personal property and effects of the decedent left in place. Some view toward south bay.
Well… so far not too bad. Some view of the bay, free personal property, small hill.
Let’s look at some more pictures shall we?
Um…
Uh…
Er…
Eh…
Huh…
So… $429,000 for this. Ok, I can see that. Maybe you can clean this up a little (Junk King anyone?) and flip it for $800k. After all, it’s San Francisco - and they’re not making anymore San Francisco (except where they are.)
Frankly though, I’m simply amazed by this - and I bet you are too. I thank the two Burbed readers who sent me this (Heather and sonarrat) for this find.
Now… it’s Friday, and that means only one thing - story writing contest!
Who amongst you can come up with the most clever story to explain this fine piece of Real Bay Area Real Estate? Was there another earthquake? Corporate shake up? Let’s hear it!
September 12th, 2008 at 6:51 am
Thanks, burbed, now I’ll have the Sanford and Son song in my head all day.
September 12th, 2008 at 8:33 am
My guess is that an old man lived in this thing practically all his life.Looks like he did a lot of tinkering per the massive amount of shop tools in one of the pictures.I say this because even though my Grandad was far from being as messy, he NEVER threw anything away. His kitchen table always had crap piled on top of it, and he had three sheds full of junk.The junk in this house doesn’t look like ghetto-poor trash. Looks like things that have been accumulated for many decades and from a lifetime of being some sort of repairman. Cans full of nuts and bolts, stacks of lumber, the tractor tire in the yard, etc.
I’d wonder if he once worked for the shipping industry back when SF was actually a working class city full of dock workers. Perhaps he was in the Navy a long time ago, lived in SF and never left. The fact that a court is taking care of the sale makes me wonder if he had any relatives around to inherit the property.I wonder if he was a bachelor. There seems to be no feminine items in the home to speak of.
Sometimes seeing homes like these in SF makes you see that the city wasn’t always the super-expensive, uber-hip place that is has turned into. It makes you see that perhaps at one time, regular folks lives here, who didn’t have fancy jobs, and lived like much the rest of the people do across the country.
I’m sure that some yuppie couple are going to buy this, tear it down, and build some sort of little million-dollar bungalow on top. Nobody will ever know that someone might have spent 50-60 years of their life living there before.
September 12th, 2008 at 9:02 am
Bob: This is still pretty much par for the course for Visitacion Valley. The prices came up during the bubble, of course, just like they did all over the Bay Area, but the area still occupies the low end somewhere between the Bayview slums and the ghetto-fabulous Western Addition. The Sunnydale Projects are nearby which make East Oakland look like Disneyland by comparison. I have some students who live in the area and they all have horror stories.
September 12th, 2008 at 9:03 am
There must be a stash of cash or gold in there so $429K does not seem so high after all.
RealEstater could roundhouse kick all the junk and clean up the place in no time.
September 12th, 2008 at 9:11 am
One man’s junk is another man’s treasure. I believe more and more that houses in SF is expensive precisely because there are so much junks left in them. See this house is -100k networth, but the junk plus the land (don’t ask how big the lot is or whether it is even buildable) justifies the price.
September 12th, 2008 at 11:38 am
Good morning ladies and gentlemen!!!! I would like to direct everyone’s attention to: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=arb3xM3SHBVk
Yes, that’s right! Step right up, fellow burbedizens for the battle of the decade!
In one end of the ring, we have the foreign face booglers. Coupling the collective resources of foreigners dying to come to the RBA with their “truckloads of cash” and the infinite economy created by facebook and google, the foreign face booglers are a force to be reckoned with!
On the other end of the ring, we have the alt-a boogeyman. Some have doubted his existance, but it looks like he’s not just a figment of the bear’s imaginations. Yep, he’s real, he’s materializing out of the collective beds and closets of 3 million american borrowers, and he’ll be plaguing your dreams soon.
Will the face booglers succeed in propping up RBA home values, or will the Alt-a boogeyman pull his signature default combo and take them out!?
Only time will tell, so stay tuned friends, for this shall prove to be an epic battle.
September 12th, 2008 at 11:40 am
Bob said: “Sometimes seeing homes like these in SF makes you see that the city wasn’t always the super-expensive, uber-hip place that is has turned into. It makes you see that perhaps at one time, regular folks lived here, who didn’t have fancy jobs, and lived like much the rest of the people do across the country.”
Man, if people in the rest of the country all live in houses like these, it sure makes paying 1M+ for the privilege of living in Cupertino suddenly sound reasonable! ;-))
September 12th, 2008 at 3:43 pm
Well, I just noticed that this is 460 sqft. Hilarious.
When you can purchase a mcmansion in flyoverland for less than the replacement cost, what is the motivation to buy this?
September 12th, 2008 at 3:48 pm
Nevermind…answered my own question: to enjoy the pride of owning garbage within garbage.
http://i35.tinypic.com/2d6urmc.jpg
September 12th, 2008 at 4:01 pm
test
September 12th, 2008 at 4:07 pm
It will be interesting to see what the new owner does after the demolition.
September 12th, 2008 at 9:22 pm
This place is amazing and I am the zunk/trustee sale king. Wow. Not sure even I would attempt this.
September 12th, 2008 at 10:02 pm
There appears to be a lot of free garbage to be had on this posting. I predict a run on the property where people will loot all the items.
September 13th, 2008 at 4:14 am
anon says,
>>There appears to be a lot of free garbage to be had on this posting.
LOL. I thought you meant your posting is the same as free garbage.
September 13th, 2008 at 6:55 pm
WG: what is zunk?
September 13th, 2008 at 8:11 pm
“LOL. I thought you meant your posting is the same as free garbage.”
Nope, that’s not what I meant. However, that statement is probably accurate. I wonder if all the correct statements you make are a result of misinterpretations…?