December 30, 2008

Affordable single family home in San Francisco – no problem!

127 BROAD St, San Francisco County, CA 94112 | MLS# 80778010
127 BROAD St San Francisco County, CA 94112
Price: $390,000
Beds: 2
Baths: 1
Sq. Ft.: 783
$/Sq. Ft.: $498

Lot Size: 2,495 Sq. Ft.
Property Type: Detached Single Family
Style: Ranch
Year Built: 1900
Stories: 1
View: City Lights
Neighborhood: Other Area
County: San Francisco
MLS#: 80778010
Source: MLSListings
Status: Active
On Redfin: 312 days
Unsold in 90 days
Big price reduction, great investment opportunity for investor or first time buyer. This semi-detached house is Zoned RH2. It has 2 Bedroom & 1 Bath, living room, kitchen, new water heater, new fenced. One block to street car, close to school, shopping, transportation and freeways, great location, great price. House is vacant, lockbox on.

Thanks to Burebd reader Sonarrat for this find. Hah and to think that people say San Francisco isn’t affordable. Sure it is – anyone can afford this house. At $390,000 it is an absolute steal. And it’s a very reasonable $498 per square foot.

Here’s another photo that the realtor thought would be helpful in your decision making:


How cute! Note that the house is zoned RH2, so there’s definitely the potential to expand and monetize this lot to its fullest potential.

Is this a smart, affordable investment in San Francisco? I think so. Don’t you?

Comments (9) -- Posted by: burbed @ 5:52 am

9 Responses to “Affordable single family home in San Francisco – no problem!”

  1. nomadic Says:

    It’s fantastic. Like having your big, burly brothers on each side of you.

  2. madhaus Says:

    I can see making a fortune on this lot if I move the shack to serve as a toolshed on my Woodside estate, then install a doublewide on its end on this lot. Instant equity!

  3. sg Says:

    This is located in one of the not-so-good neighborhoods. The local people won’t be able to afford it. Only an RE like “investor” can “snap” it up with an Alt-A mortgage.

    Anyway, this is a gem from burbed.

  4. sonarrat Says:

    That thing on the left is the fire station, by the way.

  5. nomadic Says:

    Well, sonarrat, there goes my idea to buy it and burn it down for the insurance money! 😉

  6. Jeff Says:

    Apparently it has convenient transportation options — the MUNI streetcar M passes right in front of it.

  7. AmusedLurker Says:

    Does anyone have the sale history of this property? I always find it interesting, given today’s climate, how much the last person actually paid for such a place. I’m guessing around $700k since it’s in The City (or The Cit-ay, as some would say…)

  8. nomadic Says:

    This doesn’t appear to be a FB situation. It’s assessed for $26,000. The last title transfer was in 1996 – from a single individual to a couple that includes that same individual.

    Interesting they aren’t dropping the price more, assuming they are serious about wanting to sell.

  9. Mole Man Says:

    This is San Francisco, so just because the zoning might technically appear to allow for more units does not mean that you can actually build them. However, this location is unlikely to have a lot of NIMBYs. The structure does not appear to have historical value, so keeping the front facade as it is might be enough.

Leave a Reply

Please be nice. No name calling, no personal attacks, no racist stuff, no baiting, etc. Let's be nice to each other in the true Bay Area spirit! (Comments may be edited/removed without notice.)