Tag Archives: Fixer

John Muir Would Be Proud & Your Hipster Friends Would Be Envious

Nestled among old growth Redwoods practically smack dab in the middle of Napa and Sonoma, this property is your ticket out of the city, and into serenity.
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Picture yourself walking among old growth Redwoods, coffee in hand, the sound of a creek rustling by, deer crossing your path, sun shining through the towering trees, a warm breeze blowing by, and nobody around…for miles. No taxis, no buses, no trash, no fog, no nothing…just nature. Sounds great, right? Here’s the catch.

4520 Redwood Road, Napa, CA (45)

It needs work…quite a bit of work. BUT! With a little creativity, vision, and patience, 4520 Redwood Road, Napa could be made into your very own, unique, escape, different from all of your friends’ typical Napa or Sonoma Vineyard homes.

For $275,000 you could practically steal the property, tear down the structure, go minimal by throwing up a pre-fab,
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or shipping container made mostly of glass, put your bathroom in the woods (surround it in glass too, nobody will see you), put a “Beware of Dog” sign on your very own bridge (even if you don’t have a dog), and live the life you simply can’t do here in San Francisco. Secluded. Away. Off the grid.

John Muir would be proud of you for escaping the city and living in the woods. Your friends would envy you. AirBNB or VRBO could fund you. And your hipster status would be off the charts!

And when you get tired of it…it’s only an hour’s drive to come back.

Ahh…serenity now…

-4520 Redwood Rd, Napa, CA $275,000 [MLS]

One Million Dollars Over Asking. Market “Crazier Now Than In ’05 And ’06″

Where on Earth!? Right here, 2821-2823 Broderick, San Francisco, CA 94123.

As if $1,000,000 over asking wasn’t enough, how about a two (yes 2) day close of escrow. Still shows Pending in MLS, so look for it to close on Tuesday.

How do I know?

A legit friend of mine offered $3.515 and didn’t get it. I don’t know exact price, heard from another friend the seller accepted $3.56 but not confirmed. Asking price was $2.495. I also tried to buy 2740 Lake St a few weeks ago, it went to an all cash buyer, 5 day close for $620k over asking. There was another house on El Camino in Sea Cliff that went like $1.2MM over asking recently. Market feels crazier now than it did in ’05 and ’06.“–A Trusted Developer Here in San Francisco

-2821-2823 Broderick, Cow Hollow 2 Unit Asking $2,495,000 [MLS]
-Google Earth Fun with 2821-2823 Broderick [Google]

A Fixer Of Epic Proportions “Not On MLS”: 30-32 Prescott, Telegraph Hill

[Update: Property is now on MLS. Keep your eyes on PocketListings.net for your chance at many other off market opportunities, as this one was first posted there several weeks ago.]

This is one of those properties where every step you take inside the building you wonder if you’ll end up one floor below, like in a Looney Tunes Cartoon. To say the property is in utter disrepair (and recently vacated) is an understatement.
The exterior photos actually don’t do this property justice. The floors are rotted, the windows are molded and cracked, the roof is…well….it’s still there, the bathrooms are disgusting, and the potential is tremendous!
This is, after all, a “fully entitled development project with approved plans and permits in hand to build TWO, 2 story units with 2 car parking, yard, roof deck, with sweeping views of San Francisco Bay, Bay Bridge, Downtown San Francisco, and Telegraph Hill.” It’s opportunity knocking.
Full disclosure, there is a school right smack dab next door, and that could quite possibly be the only downside. However, the buyers of the finished product are likely not going to be people that are home Monday through Friday from 9am to 5pm anyway, so it is almost a non-issue.
This is a chance for a developer to pick up an extraordinary project off market, develop it, and unload it. Or it is a chance for a person that wants a brand new property, to come in, take over, hire your crew, and build your Telegraph Hill dream residence.
Make no mistake, this is a “fixer” of epic proportions, but a lot of the “work” has been done for you. The hardest part of most battles to build in San Francisco is usually getting permission from the city, and that’s all been done for you. You can show up, make an offer with hammer in hand and get to work. Okay, maybe you’ll need more than a hammer and nails…like maybe a wrecking ball?

I’ll be out at the property today showing some clients, and I’ll attempt to get a couple interior pictures, but no promises. The inside is a total and complete wreck and that is what makes it so damn attractive.

Don’t go looking for this on MLS, because it ain’t there. It’s currently “off market” or “not on MLS”, but definitely very much for sale.

However, before you get to enjoy what we see in those renderings above, you gotta get through what exists in the photos below. And since so many homes are judged by the quality of their kitchens and baths…ask and thou shalt receive:


P.S. Keep in mind it was apparently recently inhabited.

-Prescott Fixer Details, San Francisco, $850,000 [PocketListings.net]
-“It’s Not Listed. But It’s Definitely For Sale.” [New York Times]
-Not on MLS Real Estate Network [PocketListings.net]

5 Steps To Flipping Property In San Francisco

1. Find the most unwanted wreck of a home (crack house) in a great neighborhood (Cole Valley) and buy it:

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2. Document any 1964 Datsuns with a blown motor trapped in the garage for 40+ years:

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3. Rip up disgusting kitchens and baths:

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4. Go to Haight Street, buy a magic wand, tap it three times, and poof! Datsun gone and property remodeled!

downeykitchenafter1

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[Notice the marketing remarks? "Two enormous storage areas which can easily accommodate surf boards..." So hip! Don't forget spell check. ;-) ]

5. Slap a new price tag on it…orginally $1,200,000, and now only $1,158,000, throw it on the market as a single family home, or maybe a two unit building, or even two separate TICs, give it a personalized property website, cross your fingers, and hope you can soon see some return on your investment (of time, money, sweat, and sleepless nights.)

It’s that simple…

-43-43 1/2 Downey, $1,158,000, Cole Valley [Single Family Home, Two Unit Building, Tenancies In Common]

What Awaits Behind Those Doors? (2219 Pacific)

While everyone else is talking about the end of the world, we’re talking about opportunities (pricing aside)! (Edited for syntax.)

Permits issued and complete plans available to finish this spectacular three story home in AAA Pacific Heights location. Down to studs, completely reframed, needs electrical, plumbing, floors, mechanical etc. & will be a 4900 sq ft home with elevator & private alley entrance off Webster St. Three quarters of foundation is brand new with all current seismic upgrades.

2219pacific

This dream opportunity could be yours for the bargain basement price of….$3,495,000.

-2219 Pacific Avenue, $3,495,000 [sfnewsletter listing detail]

West Portal Wreck, What’s It Gonna Take? (145 Madrone)

Just curious to see how up on your real estate all y’all are.

Take a look at 145 Madrone, a 3 bed, 1 bath, 1920′s home in prime West Portal, asking $849,000 (offer date next Monday). By all accounts, the one single photo doesn’t do this property justice. (Come on fellow Realtors! Even if it’s a wreck, you gotta put more photos up.) It needs a lot. We wouldn’t go so far as to say it “needs everything” like a certain Clipper wreck you may have heard about, but it needs a lot (new kitchen, new bathrooms, blow a wall out here and there, redo the floors, dry wall, ceilings…).

So what’s it gonna take to be the lucky owner of this diamond in the rough? We’re giving away a trip to Hawaii for the reader that nails the sales price in the comments below. (Not really, but we can dream, and we do appreciate all of your comments.)

-145 Madrone, 3bed, 1 bath, $849,000 [listing details]