Former Drug Den Redeveloped, Fetches $4.8 Million

Former Drug Den Redeveloped, Fetches $4.8 Million

As we outlined back in 2017: Purchased for $440,000 in 1995, the Castro District duplex at 517-519 Sanchez Street has been raided numerous times over the past seven years, resulting in the seizure of large quantities of crystal meth, heroin, ketamine, cocaine and cash. Two years ago the City... Read More »

Number of Homes on the Market in San Francisco Inches Up

Number of Homes on the Market in San Francisco Inches Up

Having ticked down 11 percent since hitting a two-decade high last month, which shouldn’t have caught any plugged-in readers by surprise, the number of homes on the market in San Francisco, net of new sales and contract activity, both pending and closed, inched up one (1) percent over the... Read More »

Surprise!  That’s Not a Legal Parking Spot (Or Unit)

Surprise! That’s Not a Legal Parking Spot (Or Unit)

While common in practice and rarely enforced, parking in the setback/driveway between a home’s garage and the sidewalk in San Francisco is technically illegal per Planning Code Section 132(f), and that includes the parking/storage of any motor vehicles, trailers and/or boats. In addition, the curb cut in front of... Read More »

Western SoMa Infill on the Boards

Western SoMa Infill on the Boards

With the big redevelopment of the former German Motors Collision Center building behind the arched brick façade along Berwick Place underway, plans to raze the little, 13-foot-tall industrial building on the corner of Berwick and (10) Heron Street are in the works. And as rendered by rg-Architecture, a four-story... Read More »

Supersized Plans for Lower Potrero Hill Parking Lot Site

Supersized Plans for Lower Potrero Hill Parking Lot Site

Plans for a 5-story, 48-unit apartment building to rise on the odd-shaped parking lot parcel at 98 Pennsylvania Avenue in Lower Potrero Hill were approved back in 2016 and building permits for the project were secured and issued in December of 2018. But the ground has yet to be broken.... Read More »

Luxury One-Bedroom Marked to Market, Down Over $200K

Luxury One-Bedroom Marked to Market, Down Over $200K

Listed for $1.15 million three months ago, the sale of the 851-square-foot, one-bedroom unit #16H on the 16th floor of the Lumina tower at 201 Folsom Street, which features “panoramic views,” wide plank hardwood floors, Siematic cabinetry, Gaggenau & Bosch appliances, custom closets, and a parking space in the... Read More »

Short-Term Mortgage Rate Jumps, 30-Year Rate Inches Up

Short-Term Mortgage Rate Jumps, 30-Year Rate Inches Up

Having dropped to an all-time low of 2.78 percent last week, the average rate for a benchmark 30-year mortgage has since inched up 6 basis points to 2.84 percent but remains 91 basis points below it mark at the same time last year and less than half the average... Read More »

Revised Plans for Building up in the Mission

Revised Plans for Building up in the Mission

As we revealed back in 2017, plans to demolish the two-story building at 2976 Mission Street, which then contained two 1900s-era residential units, one of which was unpermitted, over a commercial space that was occupied by the Old Jerusalem restaurant, and develop a new six-story building, with eight residential... Read More »

Contemporary Nob Hill Townhouse Drops Below Its 2015 Price

Contemporary Nob Hill Townhouse Drops Below Its 2015 Price

One of two multi-level condos which replaced the perennially plagued restaurant space at the base of the iconic Beaux-Arts Building at 1001 California Street, the building from which Vincent Friia once ruled over real estate in San Francisco, the 3,680-square-foot “Townhouse No.1” was purchased as new for $4,335,000 in... Read More »

Studio Rents Just Dropped to 2011-Era Levels in San Francisco

Studio Rents Just Dropped to 2011-Era Levels in San Francisco

For the first time since 2011, the average asking rent for a studio apartment in San Francisco has slipped below $2,000 a month, which is down nearly 25 percent since the end of February and over 30 percent below the market’s peak in 2015, driven by a sharp increase... Read More »