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 of San Francisco sued the building’s owner for violating California’s Drug Abatement Act, charging ongoing habitability and safety issues – such as a defective exterior staircase and a lack of stairway handrails; missing smoke detectors and improper electrical wiring; unpermitted construction work; and a lack of heat – for which the defendant faced civil penalties of up to $1,500 a day as long as the violations were allowed to persist.
The lower level unit’s door, which had been “made of an old cabinet door,” has since been replaced and numerous other violations related to “building safety, heat, rodents and criminal activity” have since been addressed (albeit with complaints as to potential work without a permit).
And three months ago the “Wonderful Victorian home in amazing Dolores Heights location” at 519 Sanchez Street hit the market listed for $2.6 million, the sale of which is now in contract to close escrow.
Having failed to close escrow, the duplex caught fire this past February.
And today, the fire damaged property is back on the market with a “$995,000” list price, suggesting that one brings their “contractor and imagination,” and touting a “[w]onderful opportunity to restore this amazing Dolores Heights Victorian!”
And the sale of 517-519 Sanchez Street, which then measured around 3,000 square feet, ended up selling for $2.0 million in June of 2018.
Since completely redeveloped, the now five-bedroom home – which is technically “two units,” with two bedrooms and “a kitchenette” on the ground floor and an internal stairway between the units – returned to the market priced at $5.35 million this past September, with high-end finishes and three distinct outdoor spaces, including a new 400-square-foot roof deck with panoramic views.
And having been reduced to $5.25 million last month, and then dropped to $4,998,500, the sale of 519 Sanchez Street has now closed escrow with a contract price of $4.8 million.