The iconic building at the corner of Haight and Clayton just sold for $8,525,000. But here’s the interesting part: that was nearly $1.4 million under the list price, and it took 113 days before a cash buyer closed the deal.  

While overbidding still happens frequently, this sale shows a different side of today’s market. It’s not weak; it’s smart. A well capitalized buyer waited, negotiated, and bought based on solid numbers, not hype. This was a strategic purchase, not just a simple transaction.  

The real value was in the hidden potential. The new owner gets two vacant flats with three bedrooms, which can be updated and rented at full market rates, a huge plus in a city with rent control. The property, which consists of four structures, also has the potential for a lot split, a move that could significantly increase its value down the line.  

This is the kind of thinking that wins in San Francisco real estate, whether you’re dealing with a commercial building or a single family home. It’s about seeing the opportunity that others miss, such as the possibility of converting a basement in the Richmond or adding an ADU in the Sunset, and negotiating with experience.

That’s the city wide expertise we bring to every transaction. Our approach is built on nearly 20 years of experience and an insider’s knowledge of the city, especially the west side neighborhoods we call home.  

If you’re thinking of buying or selling in San Francisco, let’s talk. We know how to find opportunities and get deals done.

For more Underbid Sales in San Francisco, head to The Goods.