April 22, 2013

(Parking) Space: the final frontier. Of real estate.

BlogAtoZ-SIt finally happened.  One of our long-time regular readers (and we’re not going to Say which one) finally couldn’t take the Sadistic water torture of the Blogging from A to Z Challenge anymore, and wrote in to Snap about it.  But think about what it is we do here on this Site. We do things that make people Surly. So Sure, we got Someone Snippy about one of our Subjects? (Admittedly, one of our Subjects Strung out over even more time than the @*$(*$)*#(@!~ zip code lists.)  So Sorry about that.

Seems we’d Surely Show Some Superb Stuff after Seeing our Supporters in a Snit!  Say… Thanks very much to Burbed reader Michael Boltonestater for Sending this Speck of Sod in.

130421-townsend-redfin88 Townsend St
Unit P-124
San Francisco, CA 94107
$80,000

0 Beds
— Baths
— Sq. Ft.
Built: —
Lot Size: —
On Redfin: 17 days
Property Type: Condominium
County: San Francisco
Community: South Beach
MLS#: 406606

The property for sale is an independant side-by-side parking space within the 88 Townsend building. It can be rented out to potentail tenants that don’t live in the 88 Townsend building.

Now we really have Seen everything.  Condo parking Spaces, Side by Side yet. Complete with the Superness of tenants from other buildings. Sign us up! 

Sh—! Pending!

Comments (8) -- Posted by: madhaus @ 5:02 am






March 11, 2013

So awesome in SF… there is no asking price

What do you think? Typo, toxics, or TERRIFIC OPPORTUNITY?  Buy now, at a LUCKY PRICE!  Thanks very much to Burbed reader Petsmart Groomer for this superlative steal in San Francisco!

130310-eddy-redfin430 Eddy
San Francisco, CA 94102
$8

— Beds
— Baths
— Sq. Ft.
Built: —
Lot Size: 6,356 Sq. Ft.
On Redfin: 25 days
Property Type: Lots & Acreage
County: San Francisco
Community: Tenderloin
MLS#: 404942

2 lots; 430 Eddy St. & 519 Ellis St. There were previous approvals for 46 Senior Units. Approvals are expired. Offers will be reviewed on or after March 15th. There is no asking price. Seller reserves the right to reject any offer.

Whoa.  This is so different than all those other real estate deals where the seller has to take any offer, no matter how ridiculously insulting.  Like, say, $8 for two lots in San Francisco.  And not the part way the heck out by the fog, either.  No, this is in the Tenderloin, the sweetest neighborhood of all!  Now, let’s have a look at what they’re selling and forgot to photograph.

130310-eddy-streetview

Yesssss! Score! Trash bins!

130310-eddy-ellis-sv

See that big red Pin with an A on it? That’s A for Approvals Are Expired, so their loss is your gain! Start your overbidding now!  You know why you should invest in this area?  It’s a growth opportunity!

130310-eddy-bedbugs

Comments (4) -- Posted by: madhaus @ 5:01 am

January 13, 2013

San Francisco is the Brooklyn to Silicon Valley’s Unbuilt Manhattan

Discuss.

130112-sfbrooklyn-startrekAs disappointed visitors and new employees discover, Silicon Valley is a dull and ugly landscape of low-rise stucco office parks and immense traffic-clogged boulevards. The fancy restaurants are in strip malls, like you’d find in Arizona or something. There is nothing to do, nowhere to go. Massive arcologies like the new Apple campus are where the tech giants are headed, but until there are living urban neighborhoods connecting these monstrosities, anyone with hopes for a life outside of work will pay a ridiculous premium to live in San Francisco and spend two hours of every day sitting on a bus.

Meanwhile, the areas around and in between the tech giants of Silicon Valley are mostly ready to be razed and rebuilt. There are miles and miles of half-empty retail space, hideous 1970s’ two-story apartment complexes, most of it lacking the basic human infrastructure of public transportation, playgrounds, bicycle and running and walking paths, outdoor cafes and blocks loaded with bars and late-night restaurants. This is where the new metropolis must be built, in this unloved but sunny valley.

And then the new supercity gets linked to San Francisco by an existing boulevard of run-down old malls and decrepit car lots that pours right into the Mission District and downtown SF, 40 miles north. The boulevard is El Camino Real, or California Route 82, the one-time king’s highway that could be a new corridor of high-rise apartments and HQs and restaurants and museums filling in the long gaps between downtown San Jose and Apple/Google/HP/Yahoo/Intel and Stanford University and San Francisco. With local light rail at street level and express trains overhead or underground, the whole route could be lined with native-landscaped sidewalks dotted with pocket parks and filled on both sides with ground-floor retail, farmers markets and nightlife districts around every station. Caltrain already runs just east of Route 82, and BART already reaches south to Millbrae now.

130112-sfbrooklyn-bartconceptThe above is from a piece in The Awl that notes the large number of young, hip techies who may work in Silicon Valley but definitely don’t want to live in a ginormous, boring suburb.  Yes, there are well-paid people out there who don’t want to spend a million dollars for a sixty year old tract house, or even three thousand a month to merely rent one.  So what would you replace the endless clone houses of San Jose with?  Or would you simply raze most of Redwood City and rebuild Manhattan there?

This is also a great time to whip out this map of the region again, to remind everyone what makes The Bay Area So Special.  Pay careful attention to the region along The Street of Kings.

Thanks very much to Apocryphon at MetaFilter for linking to these sites above.

Comments (8) -- Posted by: madhaus @ 5:06 am

December 14, 2012

Perhaps the most beautiful studio photographs in San Francisco

Let’s finish up our week in The City with some, um, Extreme Real Estate photography.  Thanks very much to Burbed reader Michael Boltonestater for finding this superb San Francisco studio.

121213-gough-trulia1950 Gough St #203
San Francisco, CA 94109 (Pacific Heights)
$495,000

1 bath 600 sqft Condo
Open House:
Saturday Dec 15th, 2pm to 4pm
For Sale / Resale
Listing Details
7 Days on Trulia
397 views

Stunning Pacific Heights Jewel Box. This Lafayette Park view pied-a-terre in a desirable 1920′s steel frame building on top of the hill is sure to charm you with its attitude. Perhaps the most beautiful studio in San Francisco. Impressive chef’s kitchen. Formal dining area with built-ins. Hardwood floors and high ceilings. Handsome black and white tile bath. Inviting sleeping alcove. Good closets. Laundry, strg and small car deeded parking in bldg. Stunning lobby and facade. Elevator. A+ reserves. Professionally managed. Newly renovated Lafayette and tennis courts, Fillmore, Union, Polk, cultural meccas, downtown, Muni and Whole Foods.… Small pets ok.

121213-gough-facadeSorry, pending, and Redfin’s already yanked the pictures down but you can see the old listing copy, and better yet, the old (2003) price of $335K.  Also the old number of bedrooms (1) and the old HOA dues of $263. What the dues are now is a mystery. Perhaps this is a case of if you have to ask…

The missing photos are really a shame, as this curated photography gallery will really give your eyeballs a great workout.  We’ve included some of the better examples in case Trulia also goes dark on us.

121213-gough-herbs

 

Let’s begin with something you don’t often get to see in real estate photography: an actual action shot.  As you can see, not only is the building painted white, but vehicles can drive right by the front door.  Time-lapse photography illustrates how this could work in real life.

Also, in case the top photo made you wonder about the interior decorating scheme, we have plenty more that should assure you the current owner really did go all in on the burnt pumpkin and expired cream palette. 

Click on through to see those and more!

(more…)

Comments (5) -- Posted by: madhaus @ 5:06 am

December 12, 2012

Opportunity in Bayview! Buyer To Investigate To Their Satisfaction

121211-gilman-250KToday’s feature caught our eye on a political site’s discussion area that doesn’t usually get into real estate. The topic was those disadvantaged $250K a year families who are going to get dinged with new taxes, which is so unfair!  These put-upon engines of economic advancement are hardly making it!  Why after spending all their take-home pay on a high-priced mortage or rent payments, private school or college tuition for the kiddies, sky-high taxes, fully funding their retirement plans, restaurants, gifts, vacations, clothing, cable (of course including HBO and Showtime), utilities, cleaning services (housekeeper and pool) 16 cell phone lines, internet, car payments for the new BMW, the current Mercedes and the old (2011) Audi, why before you know it these unfortunate folks in the top 5% are barely clearing anything!

Fortunately, one of the respondents noted that living in San Francisco really did not have to cost so much.  We thank our political participants for pointing us to this house.

121211-gilman-trulia1055 Gilman Avenue
San Francisco CA 94124
Price:  $200,000

Bedrooms: 2 
Bathrooms: 1
63 days on Trulia
3,442 views
Property type: Single-Family Home
Size: 950 sqft
Lot: Ask agent
Price/sqft: $211/sqft
Year built: 1908
MLS/ID: 401812
Neighborhood: Bayview, 94124

Opportunity In Bayview! Close To Gilman Rec, Brete Harte Elementary And Steps To Candlestick Park. Some Interior Walls And Flooring Have Been Removed. Buyer To Investigate To Their Satisfaction. Property Is Not Being Shown At This Time, Please Check Back After October 29Th.

While the property is still Not Being Shown At This Time, seeing is believing!

121211-gilman-front121211-gilman-floor121211-gilman-back121211-gilman-window121211-gilman-open-plan121211-gilman-bath

This home has potential all over, especially In The Electrical Wiring.  You’ll have no trouble confirming this, what with Some Interior Walls and Flooring helpfully Removed.

Comments (29) -- Posted by: madhaus @ 5:04 am

December 9, 2012

10 Least Affordable Metros: We Are Number 2. You Are Number 6.

CNN/Money has another one of their Most/Least/Best/Worst/Good/Evil slideshows that could have been presented as a table, but then they'd get ten fewer click-throughs. This time it's one of our favorite regional competitions, for 10 Least Affordable Cities for buying. Actually it's Least Affordable Metros, but it sounds better if they call them cities, even if a couple of them are known locales for multiple Portals to Hell and very few yachts or polo ponies.

10 least affordable cities to buy a home

BY LES CHRISTIE @CNNMONEY – LAST UPDATED NOVEMBER 29 2012 02:02 PM ET

Looking to buy a home? You may want to skip these places. Prices are either so high or incomes so low that many families can't afford to buy homes here, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.

Anyway, we lost to New York City again, which is just so unfair. This isn't even an SF to Manhattan comparison, so we should have kicked serious butt here. However, California totally owns the Least Coast as far as leaderboard spots, and Washington DC didn't even qualify. We present the results in one easy list, so you don't have to click through their annoying one-city-at-a-time-gee-who-could-be-next-and-if-this-was-so-exciting-why-didn't-they-put-it-in-reverse-order-Top-Ten-List-style?

  1. New York, where 28.5% of homes are affordible. They seemed impressed by $1100 a square foot, too. But they didn't define the boundaries of any of these metro areas, so of course we can (and will) complain we were cheated on geographical grounds. We doubt this was an apples-to-Big-Apples comparison.
  2. San Francisco, 31.4%. The piece laments it's unaffordable all over, because nearby communities are also expensive. Nearby high-priced places such as Sausalito, Berkeley, and… wait for it… Daly City. We swear we are not making this up.
  3. Santa Ana, 43.5%. I kid you not. Perhaps the nearby beach towns are pulling up its results. And Disneyland. Because Santa Ana is not what comes to mind when we think “delightful but so unaffordable California real estate.”
  4. Los Angeles, 44.1%. Because “bunus” hydrocarbons and ozone raise home prices. Seriously, when did LA rediscover the bubbly?
  5. Bridgeport, Connecticut, 44.2%. Look, if you have to tell us what state the metro is in, maybe it isn't really worth mentioning. Just sayin'.
  6. San Jose, 46.2%. Above is the lovely photo they used to feature the Capital of Silicon Valley, probably because the Quetzlcoatl statue made the photog drop a perfectly good camera. Not one other metro had a freeway interchange featured. Not even Los Angeles, which loves its freeways so much they get definite articles. We suspect they're also putting their thumb on the scale by adding in San Benito County.
  7. Honolulu, 48.8%. Houses cost more because of good weather, expensive shipping, and hotel jobs pay squat. But they get a photo with palm trees.
  8. San Diego, 54.6%. Here the filler text spends more time lamenting the glory days of 6% affordability during the last bubble. Well screw you, because we're already on our next one.
  9. Newark, 55.3%. No, not that one, in New Jersey. Although Newark itself is cheap. It's la-di-da luxury locales like Hoboken and Jersey City that cost the big bucks. We're sure it's a complete coincidence that NJ made the list even though the feature author's surname is Christie.
  10. El Paso, 61.7%.This is an honest case of low overall incomes ($41.7K) as opposed to expensive housing ($141K).

Let us know if you find any of these results surprising, or what you plan to do to ensure we never lose to New York or LA or The OC ever again.. Or mention anything you want, because this is Your Weekend Open Thread.

 

Comments (7) -- Posted by: madhaus @ 5:04 am

December 2, 2012

UPDATED: Got an extra house or two taking up space in your portfolio?

Donate that unneeded realty to charity!  UCSF is ready to take that spare structure off your swollen asset list.  Thanks to Burbed reader Petsmart Groomer for passing this handy space-saving tip along.

121201-ucsf_1

Not only that, if you donate RBA real estate, you could get your picture in a newletter like this!  There’s more, too!  See, lots of people are giving it away! Don’t be the last on your block to give away your other block!

121201-ucsf_combined_2_3

Do you have any other ideas of what to do with your excess real estate?

Updated 17:53 — PG asked that you be given the privilege of actually reading this newsletter. A larger version of Page 1 is now available by clicking its image above, as well as a larger combined spread.  Here, separately, are Page 2 and Page 3.

Comments (13) -- Posted by: madhaus @ 5:20 am

November 25, 2012

Black Friday All Week Long! San Francisco Savings!

121122-blackfridayLet’s continue our DEALS DEALS DEALS as we look at the cheapest houses in every one of the Bay Area Counties, and then in some favorite cities!  Today, “The City by the Bay.”  Wait, if you live in the Bay Area, that means some of your County is already by the Bay. 

Okay, today’s Black Friday DEAL is from The City In San Francisco County By The Bay.  Game on!

 

121124-harkness-redfin320 Harkness
San Francisco, CA 94124
$359,000

2 Beds 
1 Baths 
840 Sq. Ft.
$427 / Sq. Ft.
Built: 1900 
Lot Size: — 
On Redfin: 5 days
Status: Active
Property Type: Junior, Single-Family Home
Community: Visitacion Valley
MLS#: 403079
Style: Contemporary
County: San Francisco

Short sale subject to lender approval. Tax records show 2 bds, 1ba; however, there are 2 bds and 1 ba downstairs–currently unknown as to legality. Owner occupied, vacant at COE. Open Sunday, Nov. 25 from 2-4pm. Agents please see agent remarks.

Yes, you can check out this 112 year old “Contemporary” at the Open House today!  Let us know about the legality of what you find downstairs.  Note that during our Black Friday Deals we are not responsible for the loss or misplacement of any street name qualifiers.

You know what else this property offers?

121124-harkness-listing-history

Instant equity, baby!  It’s Baaaaaack!

Comments (6) -- Posted by: madhaus @ 5:08 am

November 8, 2012

“San Francisco Rental Market Drives Applicants to Extremes”

Now that this silly, inconsequential, election is over, we can focus on what we do best here in the Bay Area – increase housing prices. I’m so glad the election is over because now everyone can stop spending on campaigns, and spend more on buying homes. Or paying more in rent.

Recently, I read this piece and… well… frankly I was infuriated:

San Francisco Rental Market Drives Applicants to Extremes

by Sam Harnett | October 23, 2012 — 7:57 AM

San Francisco’s rental market usually cools down in the fall, but not this year. The average asking price for a one-bedroom in the city is now $2,673 a month, up more than 10 percent from last year. This big rent increase reflects a housing shortage fueled on one side by the recent wave of tech hires and the other by an absence of new units. In response, apartment hunting has returned to the frenzy of the dot-com boom, with prospective applicants packing open houses, forking over application fees and even engaging in bidding wars just to secure a temporary place to live.

I experienced this superheated market firsthand. My girlfriend and I spent three months this summer searching for an apartment. We saw over two dozen one-bedrooms, most for more than $2,200 a month, and almost all of them completely horrible. We’re talking shag carpet, mold, and converted garages with no windows. Even the worst places we saw drew crowds. The open houses were like some twisted beauty contest where you had five minutes to tell your entire life story, woo the landlord, and leave everyone else in the dust. Emil Meek puts it perfectly: the process “turns you into a monster.”

I met Meek and his girlfriend Alma Freeman outside of a packed open house in Potrero Hill. They are in their mid-30s and both have that stretched-out look of put-on smiles and constant heartbreak. Meek is a landscaper and Freeman works for a non-profit downtown. They have great credit and collectively earn $110,000 a year, but they still can’t find a place. Freeman says “it feels a little bit like you are looking on the sidelines and not really able to compete.” The desperation of the search has made them manic. They are arriving to open houses as much as an hour early, peeking into the windows to try and scope the place out, and doing everything in their power to get their application in before anyone else.

Even more worrisome Meek says, is how the process corrupts everyone involved. At one place they saw, the landlord was running a bidding war like it was some kind of game show. The couple had actually met the same landlord a week earlier at a different apartment, and there he had said he was looking to fill the vacancy with “just the right person.” At the second place, the “right person” had come to mean whoever was willing to pay the most money. He looked around at all the applicants and then said “sorry, it’s San Francisco!” As disgusted as the couple was, it didn’t stop them from putting down a bid of their own.

[snip]

Good grief.

1. These people should be pouring their money into mortgages and driving up prices, instead of being selfish, non-citizens and renting. Sheesh.

2. These landlords are such novices. Really? Only judging people by their incomes. You can do better than that! Let’s look at how professionals do it. Time for a flash from the past:

Home Front: Sellers can be choosers

June 17, 2005 12:00 am

By Amir Efrati / The Wall Street Journal

Within a month of putting her two-bedroom house in San Francisco on the market recently, homeowner Linda Gao had five offers, each one above her asking price of $699,000. So before accepting the most-attractive bid, she threw in an extra condition: If you want to buy my house, you have to feed the squirrels.

Two weeks later, she and the buyer hammered out a contract that included feeding the backyard wildlife, which Ms. Gao has done three times a week for the past two years. "I don’t think it matters if it’s a buyer’s market or a seller’s market," Ms. Gao says. "Anyone with a good heart would feed them."

In this booming real-estate market, prospective home buyers are encountering some unorthodox requests. As sellers are barraged by eager bidders, they’re seeking not only the highest price or wrangling over who’ll pick up taxes and closing costs — but some also are asking to stay in the house months after the deal closes, or requesting fixtures that typically stay with the property, such as refrigerators and diving boards. In Tempe, Ariz., one seller invited bidders to sit for interviews until he found one he thought his neighbors would like. A homeowner in San Antonio was happy to let her house go, but only to a buyer who promised not to renovate it.

"As a buyer you have no leverage in this market," says Bruce Ross Bernor, an agent in San Francisco. "You have to bite your tongue and go along with it."

[snip]

Some buyers aren’t eager to give ground. After Lisa Lai Fook offered the $499,000 asking price for a town house in Oakland, Calif., last month, the seller asked her to write a letter describing her background. Ms. Lai Fook walked away. "I’m really busy," says the 33-year-old chemical engineer. "To sit there and write a letter to someone I don’t know after I’ve put down a ridiculous sum of money is insulting."

Let’s face it… if you’re a property owner (a good person), if you’re not being demeaning and cruel to non-property owners, you’re not doing your job in helping those people understand their place in society.

Landlords! It’s time to turn up the heat! Demand that free cuddling be part of the lease! Demand that the renters feed the neighborhood capybara. Don’t have a capybara? Get one so that they have to feed it! Ask them to take a Meyers-Briggs test – but then throw it away just to make them understand you wanted them to waste their time.

Do it for the good of the Bay Area!

If you were a landlord, what would you do to renters?

Comments (9) -- Posted by: burbed @ 5:55 am

October 26, 2012

Architec-designed living in the heart of SOMA

It’s time for your weekend!  How about spending it somewhere exciting, like the big city?  (Noooo, we do not mean San Jose.) We’re willing to go toe to toe with the San Francisco real estate blogs when we have to, and when we have to is when it comes to listing fail.  Here’s an Unhappy Hipsters-inspired example of Better Living Through Concrete, courtesy of Burbed reader Petsmart Groomer.  Thanks very much for this snug single in SF!

121025-harrison-redfin766 Harrison St
San Francisco, CA 94107
$349,000

HOA Dues: $265/mo.
0 Beds
1 Baths
292 Sq. Ft.
$1,195 / Sq. Ft.
Built: 2008
Lot Size: —
On Redfin: 1 day
Status: Active
HOA Dues: $265/month
Style: Contemporary, Modern/High Tech
County: San Francisco
Property Type: Condominium, Studio
Community: Yerba Buena
MLS#: 402288

Architec-designed living in the heart of SOMA. Cubix is a contemporary community located in th Yerba Buena Arts District. George Hauser designed this modern studio resindence 121025-harrison-buildingwhich faces Northwest. Stylishly appointed home with concrete radient heat floors, newly upgraded full kitchen with Bosch appliances and cabinetry, and a balcony. Rare storage is included. Green building features lansdcaped roof deck, BBQ, glass-enclosed outdoor picnic area for private parties, succulent garden. Epicenter Cafe is conveniently located on the first floor. Great location next to Whole Foods, SFMOMA, Metreon.

121025-harrison-kitchenNot only is it architec-designed, it looks like it was architec-spellchecked as well.  This resindence features radient heat floors and a lansdcaped roof deck.  It also features architec-design suggestive of The Stacks.

One way you know there was an architec involved: lots and lots and lots of pictures of a 292 square foot condo.  Bunus: a price per square foot that gives Palo Alto a shove in the shoulder and says, “Can you beat that? Huh? Huh? Can you?”

Comments (9) -- Posted by: madhaus @ 5:04 am
 
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