736 Valencia Rooftop Terrace
The website for 736 Valencia is now live and the development has officially launched. Views from the roof deck and Valencia side top floor terrace (#502) are even better in person, and the soundproofing from said street’s noise is well done.
Full pricing for the plugged-in crowd:
∙ 736 Valencia #201 (2/2) – $1,200,000
∙ 736 Valencia #202 (2/2) – $950,000
∙ 736 Valencia #301 (2/2) – $975,000
∙ 736 Valencia #302 (2/2) – $1,050,000
∙ 736 Valencia #401 (2/2) – $1,050,000
∙ 736 Valencia #402 (2/2) – $1,175,000
∙ 736 Valencia #501 (2/2) – $1,200,000
∙ 736 Valencia #502 (2/2) – $1,200,000
There’s one car parking per unit and HOA dues range from $430 to $448 per month. And yes, all units in the eight unit development are on the market to be sold.
736 Valencia Hits The MLS (While 700 Valencia Hits Craigslist) [SocketSite]
736 Valencia []

Comments from Plugged-In Readers

  1. Posted by SFHawkguy

    Looks like all of these are just over the government-supported limit so one would probably have to find a private lender. So I guess one has to bring 20% down? Or are some private lenders requiring less than 20% down now?
    At the current average jumbo rate of .0553 the cost of ownership for these places would be approximately between $4,600 a month for the least expensive units and $5,696 a month for the most expensive.

  2. Posted by Snark17

    Love the neighborhood and deck but this seems aggressively priced. Will be very curious to see what they sell for.

  3. Posted by mikey woodz

    wow a lot of cake for the mission, not even up on the dolores side.

  4. Posted by spencer

    assuming you can get $600/psf in the Mission for new constructions, the cheapest unit would ened to be at least 1600sq ft. for these prices to make sense.
    has anyone seen these? does anyone think these will sell within 10% of current price?

  5. Posted by Mr T

    I think they are overpriced, but haven’t seen them. However, the Valencia street upgrade project is almost finished and it is NICE.

  6. Posted by mikey woodz

    Hipsters cant afford these prices! and who else would want to live on Valencia

  7. Posted by rabbits

    The comps they’re using must be the Nove project on Guerrero. I was in that project and it was nicely done from top to bottom, but they were very large and more of townhouses than these.
    No square footages on the project website, but it looks like they might have $1,000/sqft dreams.

  8. Posted by Ronald

    Anyone know who the designer/architect is?

  9. Posted by MG

    #202 is 1,465 sq ft – at $950k, that’s $648/sq ft
    #501 is 1,250 sq ft – at $1.2M, that’s $960/sq ft

  10. Posted by James

    “Hipsters cant afford these prices! and who else would want to live on Valencia”
    That’s why they call it gentrification. Upward, ever upward.

  11. Posted by PaulDem

    Hmm, a cool million or more to face an ugly furniture store and a bunch of boarded up storefronts. Personally if I had that kind of dough to drop on a condo, it wouldn’t be on that block.

  12. Posted by Forest Hill

    Already being offered on rent at $4495 ?

  13. Posted by Dan

    Forest Hill, I think that Craigslist ad is for 700 Valencia St, which is rentals.

  14. Posted by GerP

    I thought that the neighboring auto mechanic shop owned this land and wanted to build condos for his workers (I saw this on the City Commission hearing)??

  15. Posted by SocketSite

    The sale of 736 Valencia #502 closed escrow today with a reported contract price of $1,200,000. Apparently we weren’t the only ones who liked the views.

  16. Posted by A.T.

    Hmmm, #201 now also shows a sale price of $1.2 million, again precisely at asking. Color me skeptical that both these units sold right at asking at a price that certainly seems to be very high for this area and type of property. I ain’t buying it.

  17. Posted by Anonymous

    Have you guys seen these units? #201 has a 1,000sqft+ private deck and #501 has panoramic views of the city and a balcony.
    Hard to find comps for some of these features but apparently a few people thought they were fairly priced. 3 more units are in escrow.

  18. Posted by SocketSite

    The sale of 736 Valencia Street #202 has closed escrow with a reported contract price of $926,250 ($23,750/2% under asking).

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