536 Laidley St San Francisco, CA 94131

$875,000

Beds:	5
Baths:	3
Sq. Ft.:	2,136
$/Sq. Ft.:	$410
Lot Size:	-
Property Type:	Single-Family Home
Style:	Contemporary
View:	Panoramic, City Lights, Bay, Park, Hills, Mt. Diablo
Year Built:	1906
Community:	Glen Park
County:	San Francisco
MLS#:	364602
Source:	San Francisco MLS
Status:	Active This listing is for sale and the sellers are accepting offers.
On Redfin:	24 days

Great extra wide property on quiet Laidley Street in Glen Park. There are two separate detached units, each with a garage. The front 3bd. 2ba. house has new central heating, 2nd floor deck with crow’s nest, ground floor studio, views of Mt. Diablo, San Bruno Mtn, and Bay views. The rear unit is a legal 2 bd. Each needs some work. 4 blocks to GLEN PARK BART. This is a short sale. Offers will be reviewed as they come. Open Sundays 2 – 4pm and Tuesday Tours. Call or write for other times. Come see!

Some people trash their house when they know they’re going to be foreclosed… these folks apparently decided to paint the exterior to vent their frustrations.

Seems that with tenants, the owners would’ve been able to keep up with the payments.  They originally put 20% down to buy it (according to PropertyShark).

This seems to imply that the design was in malice. Personally, I think this is exactly the kind of house that San Francisco is famous for – individualized, iconic, controversial. Just think of how this house is already cheering up this Friday at Burbed!

If you’re not proud of owning this house and its color scheme, then this house probably isn’t for you.

Now, to onto the nitty gritty: offers will be reviewed as they come. So, it’s definitely in your best interest to bid early and at a very high price. Otherwise, this could easily slip away. Maybe you should even go as far as to place multiple bids under secret names – each higher than the last! Now that’s a strategy that any realtor would approve of. Ignore the fact that there are no interior pics – it’s probably just too fabulous.

And, with the separate detached units… in a word… cashflow. Sweet sweet cashflow.

Happy friday!

1170 SACRAMENTO St Unit 14B San Francisco, CA 94108

$2,150,000

Beds:	3
Baths:	3.5
Sq. Ft.:	1,961
$/Sq. Ft.:	$1,096
Lot Size:	-
Property Type:	Condominium
Style:	Contemporary
Stories:	9+ (High Rise)
View:	Bay, Neighborhood, City Lights
Year Built:	1963
County:	San Francisco
MLS#:	80944336
Source:	MLSListings
Status:	Active This listing is for sale and the sellers are accepting offers.
On Redfin:	138 days

Rare condo in The Nob Hill Building. 1961 sf w/ 2bd/2.5 ba(2ma/suites+powder rm). Separate downstairs w/ 1bd 1ba unit (nanny/guest, can be sold to another owner in bldg). Spacious & sunny SE corner unit w/ pano vws of Bay, Bay Bridge, Downtown, Huntington Pk, Grace Cathedral, Fairmont Hotel, Coit Tower, Transamerica fm every rm. Private entry foyer, fire pl, balcony, formal dining rm, kit w nook, prkg. 24hr doorman.

Homeowners Association Information

Fees: $2,704
Professional Management Included
Water Included
Garbage Included
Common Area Insurance Coverage Only

The Worst-Run Big City in the U.S.
Spend more. Get less. We’re the city that knows how.

Despite its good intentions, San Francisco is not leading the country in gay marriage. Despite its good intentions, it is not stopping wars. Despite its spending more money per capita on homelessness than any comparable city, its homeless problem is worse than any comparable city’s. Despite its spending more money per capita, period, than almost any city in the nation, San Francisco has poorly managed, budget-busting capital projects, overlapping social programs no one is certain are working, and a transportation system where the only thing running ahead of schedule is the size of its deficit.

It’s time to face facts: San Francisco is spectacularly mismanaged and arguably the worst-run big city in America. This year’s city budget is an astonishing $6.6 billion — more than twice the budget for the entire state of Idaho — for roughly 800,000 residents. Yet despite that stratospheric amount, San Francisco can’t point to progress on many of the social issues it spends liberally to tackle — and no one is made to answer when the city comes up short.

Sure that sounds gloomly (and there are quotes from Joel Kotkin who believes that strip malls and exurbs are the keys to success).

But here’s the good news:

The city will continue its orgy of waste and incompetence. San Francisco can afford plenty of both: We’re rich — and getting richer all the time. According to the controller’s office, San Franciscans’ per-capita income jumped from an already-generous $58,244 in 2004 to $74,515 last year.

Of course, for many San Franciscans, those numbers represent another failure. They point to an exodus. The city’s middle class is melting away faster than polar ice. With them, economists and demographers say, goes any realistic hope that voters will demand serious change in search of long-term reform.

Research by professor Bill Watkins of California Lutheran University over the past decade reveals that San Francisco is shedding its middle-class population at double the state rate. The city, however, is not losing low-income people at nearly the state’s pace — and is gaining wealthy residents at far more than California’s overall rate. In short, we are replacing our middle class with a rich elite and a burgeoning underclass. Watkins’ research also reveals that San Francisco is going gray. The number of city residents between ages 45 and 64 has climbed, while the count of those aged 20 to 44 has dropped. The city, it seems, has become a target destination for the wealthy and retirees. These are not the people who want to make sacrifices now to shore up the city’s future.

"Wealthier people are consuming," Watkins says. "They don’t want to build a future. They don’t have a reason to invest in the community." For that matter, neither do young people — because their futures likely involve moving out of San Francisco. According to Joel Kotkin, "San Francisco is Disneyland for adults, or a place people go until they grow up."

The stage is set for San Francisco to run on inertia. The city’s poor are unable to effect a sea change; the young, nomadic population is uninterested; and the wealthy and older are unwilling.

That’s right. San Francisco is getting richer, and is only going to become richer. Woot! It’s a Disneyland for adults! Everyone loves Disneyland!

This is fantastic news. More wealthy people = a more wealthy city. A more wealthy city = more wealthy people. House prices will continue to soar. Eventually, San Francisco will take the lead from Manhattan (our mortal enemy) and reign as the most expensive place to live in America. And then… the world.

Wow… if you’re not feeling the enthusiasm for this decade, you should be. We are definitely on the right path!

Sale Pending (MLS-listed)

Listed at: $98,000

119 Nautilus Ct San Francisco, CA 94124

Beds:	3
Baths:	2
Sq. Ft.:	1,360
$/Sq. Ft.:	$72
Lot Size:	-
Property Type:	Condominium
View:	Water
Year Built:	1981
Community:	Hunters Point
County:	San Francisco
MLS#:	361540
Source:	San Francisco MLS
Status:	Contingent This means the sellers have accepted on an offer on the property, but success may still depend on passing a home inspection or the buyer’s financing approval. It may still be possible to tour these properties and submit a backup offer in case the current one falls through.
On Redfin:	95 days

In 2004 this unit had a newer kitchen and carpet and was freshly painted. You can still see the renovations in the kitchen including the tile floors and granite counters. Laundry in unit. However, the unit has suffered wear and tear. Rent is $2,273/month. An investor WILL cash flow. A homebuyer will need to put in the work, but this property can shine. Short sale. Showings limited to 2:00-4:30 p. m. Tues-Fri and by appointment. Recent sales: 120 & 126 Kirkwood, same complex, but sold vacant.

Thanks to Burbed reader Pralay for this find.

At $72 per square foot, this would’ve been the perfect stocking stuffer for someone. Unfortunately, it’s already pending. You snooze, you lose.

It also goes to show how the affordable housing crisis is pretty much over. Sure it’s in Hunters Point, but that just means there’s more growth potential.

So let’s look at some of the work that might be needed:

Oh that’s no big deal. Some Tilex will clean that right up.

Just think of the amazing cash flow from this. $2273 a month in rent. This, my friends, was the gift that will definitely keep on giving.

410 45TH Ave, San Francisco, CA 94121 | MLS# 80952093
$839,000
410 45TH Ave San Francisco, CA 94121
Beds: 4
Baths: 2

Sq. Ft.: 1,570
$/Sq. Ft.: $534
Lot Size: 3,000 Sq. Ft.
Property Type: Attached Single Family
Style: Contemporary
Stories: 2
View: Ocean
Year Built: 1951
County: San Francisco
MLS#: 80952093
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 11 days
Absolutely stunning remodeled single family house in the most desirable neighborhood of San Francisco Outer Richmond. Built in 1951 with approximately 1,738 square feet per public record, this home features a custom made front gate, double entrance doors, four bedrooms, two full baths, formal living room with recessed lights, dining room, and a gourmet kitchen which comes with maple wood cabinets.

Thanks to Burbed reader nomadic for this find!

I know, I know. Holiday Creep. But let’s face it, this house is perfect for the season and so if you want to get ready, now’s the time. The real question to me is what to do with this house when Christmas is over! Do you repaint it for Valentine’s day? For easter? Do you just leave it like that?

Personally, I’d put up some stanchions and velvet ropes along the red walkways so that you could pretend you’re walking down a red carpet. Just think about the awesome Oscar and Emmy parties you could have. Who are you wearing, baby!

That said, I don’t think we can leave without taking a look at the backyard…

I’m kind of surprised. That awesome of a paint job on the front, and no paint in the back? Where’s the foul line? The half court? Come on!

Paint this in the colors of your favorite team, and watch as the value soars!

28% of San Francisco homes on sale have had price cut – San Francisco Business Times:
More than a quarter of homes listed for sale in San Francisco have had their asking prices cut in the last year, with a whopping $66.1 million in total price reductions for the city.

According to real estate business Trulia Inc., 28 percent of listed homes in San Francisco have had their prices cut in the last year. That puts San Francisco at No. 27 on a list of the top 50 U.S. cities ranked by percentage of homes that have been discounted.

Minneapolis ranks No. 1, at 39 percent, and Milwaukee No. 2, at 37 percent.

San Francisco’s the highest California city on the list, ahead of No. 34 Los Angeles (26 percent) and No. 37 Sacramento (24 percent).

Locally, Oakland ranks No. 43, with 23 percent of listed homes being offered for less, and San Jose comes in at No. 46, with 20 percent.

Fresno is No. 50, with 17 percent of its listed homes discounted.

Ok folks, this is way not cool. Let’s remember:

I know it can be frustrating sometimes, but we really must band together to keep our housing prices high. First it’s a 1% discount, the next thing you know we’ll be giving away houses. How will we ever compete with Manhattan effectively if we don’t work together as a team.

Here’s an idea – for next Friday, Black Friday – let’s all do the opposite and hike our asking prices by 15%. That way, we can start a virtuous cycle of everyone trying to raise their prices faster than their neighbor, instead of a vicious cycle.

Together, we can do it!

1314 29th Ave, San Francisco, CA 94122 | MLS# 360766
1314 29th Ave San Francisco, CA 94122
Price: $709,250

Beds: 2
Baths: 2
Sq. Ft.: 1,285
$/Sq. Ft.: $552
Lot Size: -
Property Type: Full, Single-Family Home
Style: Spanish/Mediterranean
Year Built: 1935
Community: Central Sunset
County: San Francisco
MLS#: 360766
Source: San Francisco MLS
Status: Active
On Redfin: 34 days
Excellent location, within walking distance to shops, Muni bus, Golden Gate park and other conveniences. 2 br. , 1 ba, breakfast area, living rm with exposed beams, formal dining rm overlooking center patio. Property is a probate sale with court confirmation. Tenants in downstairs room rent at $300 mo/mo. Court date is 10/13/09, 400 McAllister St. ,Rm 204 at 9 AM. 1st overbid amt is $709,250.

Thanks to Burbed reader Jeff for this find!

In particular, Jeff was curious about the comment “1st overbid amt is $709,250″.

I’m not sure what’s going on there either. Anyone? Is this a demand that you overbid on this house?

But there are so many other questions – it’s 2br, 1ba – but also 2br, 2ba. And there are tenants in downstairs room paying $300 per month (that’s it??) So how many bedrooms and bathrooms are there really? And why are the tenants only paying $300 a month?

So many questions.

And so much cleaning will be necessary:

Any answers anyone?

48 Cortland Ave, San Francisco, CA 94110 | MLS# 361055
San Francisco, CA 94110
Price: $499,000

Beds: 2
Baths: 1
Sq. Ft.: -
Lot Size: -
Property Type: Single-Family Home
Style: Cottage
Year Built: 1908
Community: Bernal Heights
County: San Francisco
MLS#: 361055
Source: San Francisco MLS
Status: Active
On Redfin: 25 days
This 1900’s earthquake cottage is located in the heart of vibrant Bernal Heights. The main living space is open from front to back with a patio just outside the front door & a brick patio/back yard off the back porch. The kitchen has had updates in the past with a gas range & refrigerator. Roof 2003. Super access to local dining, cafes & shops. Also just a few blocks to Church & 30th St. dining/stores. Great public trans & 280 access. Legal designation of the bedrooms is unknown & not warranted.

Thanks to Burbed reader sonarrat for this find.

Let’s take a look at what he had to say:

The listing doesn’t mention the square footage. Apparently that’s not important! Well, I’ve got some insider information (read: Zillow).

360 sf. Lot? 1,245 sf.

So that puts this Bernal Heights property at a heady $1386 per square foot, and exactly $400 per square foot of LOT. Woot!

Woot indeed! Wowsers! Go Bernal Heights!

Come on… this is simply priceless!

Properties like this should make the Bay Area proud. It’s listings like this that will help us continue our battle against Manhattan. With a few more of these, I know we can beat them in being unaffordable.

BTW, in case you were wondering, this is what an Earthquake Cottage (Shack) is.

Now, you too can live in a piece of Californian history! Wowsers!