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.