2724 21st

Listed at $649,000, 2 bedrooms, one bath, 1,250 square feet, parking, full basement, sale subject to tenant rights. This property is listed as a short sale (1 lender) and was previously sold for $585,000 in 6/2005.

According to the agent there are 7 tenants and the total rent received is $3,000. There are no children but there is one tenant that has lived in the property for 23 years and another that has lived there for 8 years (and one tenant is over 62 years old). The agent also indicated that the tenants are open to an amenable buy-out.

I have not seen the property yet (the agent is to call me when there is a showing scheduled).

This is a tricky property given all of the unknowns surrounding the tenants. The property will be a great remodel opportunity some day, as it can be remodeled into a larger home (1,250 square feet plus garage expansion opportunity). It is also in a great area of the Mission, right across from Progressive Grounds.

http://sfarmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Sanfrancisco&PRGNAME=MLSPropertyDetail&ARGUMENTS=-N689285492,-N224051,-N,-A,-N14575331

8/7: Reduced to $599,000

3258 25th

3 bedrooms, 2 baths 1,600 square feet on a 1,500 square foot lot. Asking $899,000 ($562/square foot). Property was sold in 2/2005 for $800,000.

I viewed the house last week. This house has a lot going for it - a large home with a great layout (3 beds, 1 bath upstairs, kitchen/living/dining/bath on main floor), garage parking, vacant, room for expansion (via garage space) and a beautiful edwardian facade. Both levels have very high ceilings. The new owners would need to totally remodel the kitchen and downstairs bathroom and would also probably want to replace the pergo floors in the upstairs bedrooms with some choice of natural wood (yikes). Due to the small lot size, there is not a backyard, but a small, sweet garden. The property is zoned RH-3 and there is a separate entrance to the garage.

The neighborhood is for those that want to live In The Mission. Access to dining and transportation really can't be beat from this location but for some it might be "too urban". This is probably the nicest SFR currently on the market In The Mission. I think it will sell for slightly over asking.

http://sfarmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Sanfrancisco&PRGNAME=MLSPropertyDetail&ARGUMENTS=-N320249708,-N224394,-N,-A,-N14528332

Quote of the day....

"I'm tired of white privileged hipsters complaining about how their job at Urban Outfitters doesn't pay enough to cover the cost of a 1 bedroom in the mission. Those precious snowflakes need to wake and realize we're in the real world. I grew up brown and speaking Spanish, now I make six figures at Google and I'm only 25. I'll be damned is some 30 year old white hipster with rich parents in Walnut Creek is going to give me sh*t for making money."

Photo courtesy of valleywag

Sorry for the politics but I couldn't resist. This is from a discussion on valleywag... here.....

http://valleywag.com/5026141/mission-hipsters-choose-google-as-their-new-object-of-hate

2502 Folsom - Mission Eyesore FINALLY on the Market!!!!!!

Anyone who lives in the mission knows this property. The picture above actually makes it look better than reality. This is a MAJOR fixer. The good news is that it is vacant (rodents not included), 6 units, 7,735 square feet, 25 rooms, 3 parking spaces, listed at $995,000 or $128.64 a square foot.

There is a showing TODAY from 2-3:30 pm. This is a probate sale with a bid date set for TOMORROW! Hurry if you are interested.... Residents of the mission will thank you....

http://sfarmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Sanfrancisco&PRGNAME=MLSPropertyDetail&ARGUMENTS=-N897388117,-N224206,-N,-A,-N14435917

Update 7/21: Offer date was 7/16/08. Received 5 offers. Ratified at $1,350,000. First overbid to be $1,418,000. Yeah!!!

Potrero Del Sol Park/La Raza Skatepark

The Potrero Del Sol/La Raza Skatepark opened on July 1 In The Mission on 25th and Utah (or Potrero on the other side). This skatepark is no joke. I attended opening day and was in awe of both the skatepark itself and the talented skateboarders "shredding it".

Wow - Pretty impressed that San Francisco made this happen.

Photo courtesy of Chris Brennan

SFist has more details here: http://sfist.com/2008/07/01/potrero_del_sol_skatepark_now_open.php

2931 20th - What is missing from this kitchen?

CABINETS!!!

2931 20th, 1,766 square feet, 3 bedrooms and 2.5 baths, listed at 1,495,000. This is the third time the property has been on the market in about 3 years. The property does not have a garage, but does have 2 parking spots. The property also has a nice front yard. I viewed the house a few years ago and although it is over 1,700 square feet, it felt small. I will be viewing it soon to comment on the latest remodel.

$1.5 million and no kitchen cabinets. Very odd.

http://sfarmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Sanfrancisco&PRGNAME=MLSPropertyDetail&ARGUMENTS=-N354858365,-N223865,-N,-A,-N14252216