The four-unit Alamo Square building at 1164 Fulton Street was purchased for $975,000 a year ago, “occupied by [an] un-cooperative family member who [would] not allow showings” and with possession of the property at the time of the trust sale “negotiable.”
Deemed a Historic Resource for the Alamo Square Historic District, San Francisco’s Historic Preservation Commission will have to approve the proposed expansion of the building’s garage opening and restoration of the building’s façade based upon historic photographs.
Also proposed, a new roof deck at the rear of the building and a Dwelling Unit Merger, the paperwork for which has yet to be filed as far as we know.
As they say, in real estate you make money on the buy, not the sale. Okay, and in San Francisco, sometimes on the possession as well.
This building has lovely intact Victorian siding visible from Fulton and stands to be a phenomenal redo in time. If they take their cue from this existing detail — it’s going to be an exquisite building.
What the criteria for a dwelling merger? I thought basically impossible if the tax records stated the units?
Here’s hoping that they do a historically respectful restoration of the house, those wood shingles look awful.
Fascinating that they think they have to do a dwelling unit merger to make the upgrade worthwhile, you’d think having a second (au pair? in-law?) unit would increase the value of the completed building.
Converting the building from 4 units to 2 units would allow larger units and ease condo conversion– both changes would increase the return on the building.
Are there any other cities where the government controls “dwelling unit mergers”?
In New York, London, and Paris, the decision is entirely the owner’s or that of the governing entity of the building itself.
Are there any other cities where the government controls “dwelling unit mergers”?
I know we’re a suburb over here, but the PRoB does.
@EBGuy:
“Are there any other cities where the government controls “dwelling unit mergers”?
I know we’re a suburb over here, but the PRoB does.”
PRoB makes sense, but I was thinking of bigger cities, and outside of the Soviet sphere of influence. For example, are there any others on the US east or west coasts or in western Europe?
My guess is there are three units on the upper floors with a common hallway and stairs leading up from the ground floor. The 4th unit is probably behind the garage. I bet original water department records show it was originally less than 4 units, which should help support the pending merger. Who knows if the 4 units were constructed with permits, too.
UPDATE: A Stunning Alamo Square Renovation and Hidden $7.3 Million Home