December 4, 2008

Get lucky at 175 Lucky

175 Lucky San Francisco, CA 94110
Price: $499,000

Beds:     2
Baths:     1
Sq. Ft.:     –
Lot Size:     –
Property Type:    Single-Family Home
Style:    Victorian
Year Built:    1908
Region:    San Francisco District 9 (Central East)
Area:    Inner Mission
County:     San Francisco
MLS#:     346612
Source:     San Francisco MLS
Status:     Active
On Redfin:     80 days
Victorian starter Home (c. 1908)on a quiet block in the colorful and sunny inner mission. Wood floors+High ceilings+loads of light- Private Garage w/ laundry+storage in basement. Small lot-dog run out in the back. Newer kitchen with updated appliances/countertops/cabinets. Also, remodeled Bathroom w/ kohler fixtures.

Thanks to Burbed reader Brendan for this find.

Yes. Another pink house. Yes, I’m obsessed with them, and Tenafly, NJ. The myth continues.

Frankly, my favorite aspect of this house is the grittiness of the staircase and the garage. It really makes me feel alive. It’s like your living in the hood, but not at the same time. Pretty cool!

I also like the Ikea/Cal color scheme of the house next door, and the split pea soup house on the other side. Another perk – interesting neighbors!

Can’t lose!

Comments (152) -- Posted by: burbed @ 5:57 am

December 3, 2008

A pink house in San Francisco – with revenue opportunities

Sunnydale Ave, San Francisco, CA 94134 MLS# 80817316 – Property Details

* Status: Active
* Bedroom: 4
* Bathroom: 2
* Year Built: 1960
* Lot Size: 1794
* Square Footage: 1984
* List Date: 6/23/2008

* Garage Spaces: 2
Well maintained good income property can be easily turn into owner occupy house. 3 bedroom 2 bath upstairs with additonal 2 bedroom 1 bath down. Upstairs rent for $2000 per month, lower unit $1,200 per month. Close to public transport including light rail, muni and caltrain, 1 minute to freeways 101 & 280. Weekend showing only, must make appointment with listing agent to show.

The myth that I’m obsessed with Pink Houses and Tenafly, NJ continues. Thanks to Burbed reader Herve for this find.

Frankly, I think this is exciting more for the fact that you can earn $3200 a month, than the fact that it is pink. I’m not mathematician, but I know that money is good, so I bet you can earn a good profit from this.

In fact, with this type of cashflow, you can easily become the next Warren Buffett and use this to buy other assets. Hello empire!

Comments (7) -- Posted by: burbed @ 5:00 am

December 2, 2008

The bottom has been reached in the Palo Alto Real Estate market

50 Roosevelt Cir, Palo Alto, CA 94306 South Palo Alto MLS# 80841270 – Property Details

* Status: Active
* Bedroom: 3
* Bathroom: 2
* Year Built: 1951
* Lot Size: 6372
* Square Footage: 1198
* List Date: 10/21/2008
* Garage Spaces: 1
* MLS#: 80841270
Just Reduced $100K. A best buy with a great location. Sunny and bright 3BR/2BA contemporary charmer sits on a 6000 lot. The bath rooms have been updated. It also has a bonus sun room/enclosed patio (about 10’x20′) with tile floor, patios on both sides. fenced backyard with mature trees. lawn, and garden path. Near Mitchell Park, library, schools, shopping and major commute routes.

Thanks to Burbed reader Pralay for this find. There you go folks. The bottom has been reached! $100k? Come on! If you thought there would be steeper reductions, you’re crazy. Frankly, I think you’re just lucky that they didn’t say “Just Increased $100k.” – because once Spring Bounce comes around, that’s what all the ads are going to say on a weekly basis in The P A.

You have been warned!

Comments (261) -- Posted by: burbed @ 5:53 am

December 1, 2008

NSFB (Not Safe For Breakfast): A little deferred maintenance in San Francisco

469 Valley St San Francisco, CA 94131
Price: $738,000

Beds:     4
Baths:     2
Sq. Ft.:     935
$/Sq. Ft.:     $789
Lot Size:     –
Property Type:    Detached, Full, Single-Family Home
Style:    Cottage
Year Built:    1910
View:    Panoramic, City Lights, Bay
Region:    San Francisco District 5 (Central)
Area:    Noe Valley
County:     San Francisco
MLS#:     348338
Source:     San Francisco MLS
Status:     Active
On Redfin:     5 days
Contractors Special; Zoned RH-2; Great Views of Noe Valley, Diamond Heights, the Bay, etc. Probate Sale. Property Sold in it’s present AS-IS Condition. Seller has full authority (Court Confirmation may not be required). Home in poor condition. Lots of deferred maintenance. Looking at offers any time

So much senseless, ridiculous claims about how the Bay Area is declining in the silly press these days. Thanks to Burbed reader Carsten, we can remain confident that San Francisco is in the Real Bay Area. $789 sqft for a fixer upper feels normal… almost relieving.

A little deferred maintenance? Like what?

I did warn you that this was NSFB didn’t I?

Happy Monday!

Comments (26) -- Posted by: burbed @ 5:03 am