Archive for the ‘real estate’ Category

A 20-Percent Reduction in Asking Prices at the Presidio Landmark Apartment Building? Rentals Now Listed in the Craigslist

Tuesday, November 2nd, 2010

Here’s what I asked for back in September, when the cheapest unit at the new Presidio Landmark apartments was $2200 (plus $150 parking fee), IIRC:

“No doubt the Presidio Landmark apartments are Mega Turbo Double Awesome, but if they’ve only rented out 2% of the units after two months of trying, then perhaps a reduction in asking prices might be called for? Just asking.”

And here’s what we have in November:

$1800 Pristine Junior One Bedroom (laurel hts / presidio) [Or see below if this link has been taken down by now.]

I’m thinking that’s about a 20% reduction in asking prices, so that seems to be a good start.

I mean if you, unlike me, value “full service amenities you would find at the Four Seasons, the Ritz, or the St. Regis” then this could be the Middle Richmond District / Presidio home for you.

The hot tub in the eastern courtyard:

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Or get a full one-bedroom for $1875.

All the deets:


Green living at its finest! Presidio Landmark is a LEED (Leadership in Energy and Environmental Design) Gold certified project. The project takes a step forward in environmentally friendly design and operation.

Located in Presidio National Park you have direct access to amazing outdoor spaces, trails, and ocean vistas. Whether your hiking, biking or just laying about, this location has something for all who enjoy nature and serenity. You also have easy access to Marin and Downtown San Francisco as well as the 101 and 280 freeways. Take the PresidiGo, a private shuttle bus that can take you to various locations around the city, way better than MUNI.

In addition to being environmentally friendly and convenient this project features full service amenities you would find at the Four Seasons, the Ritz, or the St. Regis.
~ Concierge
~ Jacuzzi
~ Massage room
~ Fitness room
~ Yoga and Pilates room
~ Bike storage and shop (you can do your own bike maintenance)
~ Guest room availability
~ Courtyard with fire pit

This junior one bedroom features hardwood flooring and carpet. Brand new finishes anoint the entire unit. Radiant environmentally friendly heating is used in lieu of electric heaters. Its Green!

Multiple configurations are available.

Call, email or even text me (please add you name, and what you are texting about) to schedule a tour.
Alex Kaufman (415)699-5900

Location - Wedemeyer at 15th Ave , San Francisco, CA 94129

Rent: $1,800 Utils. Included: None
Bed / Bath: 0/1 Lease Term: 1 Year
Unit Type: Apartment Kitchen Type: Gourmet
Pets: N Stove: Electric
View: Park Flooring: Hardwood & Carpet
Outside Area: Patio Fireplace: No
Window Coverings: Blinds Laundry: In Unit
Parking: Yes Parking Fee: $150
Unit Amenities: Concierge, Spa, Fitness Center, Bike Shop & More!

Wow, $278 Million! Saleforce.com Buys 14 Acres for New Corporate Campus Global HQ in Mission Bay, San Francisco

Monday, November 1st, 2010

[UPDATE: Welcome Salesforcers! I'm just teasing you all, man. Mission Bay was supposed to be About Biotech and the synergy and whatnot. So it would have been nice to have had a Genentech going  large in Mission Bay, but you all are welcome, of course....]

Wow, Salesforce.com must be bullish on San Francisco, based upon today’s big announcement.

“The purchase price for the eight parcels of land, including parking rights in an existing garage and other entitlements and improvements associated with the land, was approximately $278 million. No date for construction has yet been set on the land, which includes the undeveloped portions of Mission Bay lots 26 and 27 and all of Mission Bay lots 29 – 34.

And, bonus, CEO Marc Benioff will be able to visit the Children’s Hospital that he’s building for UCSF right across the street.

Course it would be nicer to have a Genentech in there, but we’ll take what we can get. All the deets, below.

All the deets:

Salesforce.com Purchases Site for New San Francisco Global Headquarters

14 Acre Corporate Campus Planned Over The Next Decade; Provides for Almost 2 Million Square Feet of Space

SAN FRANCISCO, Nov. 1  – Salesforce.com (NYSE: CRM), the enterprise cloud computing company, today announced the purchase of approximately 14 acres of undeveloped land in the Mission Bay neighborhood of San Francisco from Alexandria Real Estate Equities, Inc. (NYSE: ARE). The company plans to build a facility that will become its new headquarters. The land, which is adjacent to the UCSF campus on one side and the San Francisco Bay on the other, is part of the San Francisco Mission Bay redevelopment area. It is located directly on the San Francisco Muni T line at the UCSF station, and is also directly accessible from the Mariposa Street exit off of 280.

“We are excited to start work on building a new San Francisco global headquarters,” said Marc Benioff, chairman and CEO of salesforce.com. “Our planned, nearly 2 million square-foot campus over 14 acres at Mission Bay will help us continue to attract and retain talented, world-class employees. This new home for salesforce.com will provide an innovative, dynamic environment for our future growth.”

The purchase price for the eight parcels of land, including parking rights in an existing garage and other entitlements and improvements associated with the land, was approximately $278 million. No date for construction has yet been set on the land, which includes the undeveloped portions of Mission Bay lots 26 and 27 and all of Mission Bay lots 29 – 34.

And, bonus, a statement from the Mayor’s office, after the jump.

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The Best-Named Company in San Francisco is “ADD-A-GARAGE” – It’s Catchier Than “Fred Pavlow Co Inc” Anyway

Tuesday, October 26th, 2010

AFAIK, the only work Add A Garage (aka Fred Pavlow Co., Inc) does is to add a garage to your propertah in the 415. That means it’s the best-named company we have, no mystery as to what they do.

Their Yelp entry isn’t too helpful – nine reviews (including three that have been filtered for your protection) add up at 3.5 stars with a smattering of Yelp Fraud (with at least one review written by a co-owner posing as somebody who is/was not a co-owner) and your one-star kind of score-settling reviews. Oh well.

Irregardless, you can’t beat Add A Garage as a dba. It’s a five-star handle, non?

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The Spookiest Place to be this Halloween is Mel’s Diner on Geary in the Inner Richmond – Surrounded by Burial Grounds

Thursday, October 21st, 2010

San Francisco’s Big Four Cemeteries, Odd Fellows’ (aka Independent Order of Odd Fellows (I.O.O.F.)), Masonic, Laurel Hill, and Calvary, used to surround our  Mel’s Diner on 3355 Geary. Philip Ferrato has the deets and some photos of what these places used to look like.

All the people buried got dug up and sent to Colma by the 1940′s, but the ghosts remain, I’m sure.

Keep that in mind when your noshing on three-star Yelp-rated fare at the Mel’s…

The bulk of the University of San Francisco used to be Masonic Cemetery. See?

 

St. Ignatius Church, aerial view. Masonic Cemetery remains in background. The Bancroft Library. University of California, Berkeley

Keep a look out.

 

A Little Pink and Green Can Make Your Building Look Just Like 2011 Clement – Why Plant Shrubbery When Painting Will Do?

Wednesday, October 20th, 2010

This formerly-plain building certainly looks more lively after the paint job, non?

And this way there’s no worry about passers by stealing your potted flora

See?

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The Belles Townhomes are Now Available – Seven LEED Platinum Units – Luxury in the Presidio Just North of The Richmond

Tuesday, October 19th, 2010

Well actually, just two of the seven units that make up the Presidio’s new Belles Townhomes are available right now, but you’re only going to need one (most likely) and they’re all pretty much the same. (Except for the westernmost unit – that one might be ever so slightly different.)

[UPDATE: The western- and eastern-most units are a little different than the five in the middle - the ones on the ends have more windows and the westernmost unit lacks a deck, which is a bummer but oh well. The ones available now are middle units.]

So have at it, deets below.

This will be your view from the deck. You can see the Wyman Avenue homes to the left and the old PSHS Hospital / Landmark Apartments to the right. And off in the distance there’s Sutro Tower on the left and some other kind of tower on the right:

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The view looking down from the highest set of stairs:

They’re all pretty much the same. The floorplan:

And here are your more professional (mofessional) shots:

This could be your home office:

The kitchen is way up high on the third:

Open the windows and it smells like forest inside:

Looking north through the patio, ‘neath the photovoltaic panels:

Tall and thin windows to match some of the historic homes on Wyman Ave:

Save your pennies and maybe you yourself could live here someday.

All the deets:

“Forest City Raises the Bar in Sustainable Living With Unveiling of Belles Townhomes in Presidio

Distinctive Townhomes are First in San Francisco to Achieve Multifamily LEED Platinum Certification

Two of Seven Apartments Now Available Feature Prototype Energy Saving Dashboard, Solar Power, and Panoramic Roof Decks in a National Park

San Francisco – Forest City Development is setting a new standard in sustainable living with the unveiling of Belles Townhomesin the Presidio of San Francisco. Belles Townhomes are the only newly constructed residential building in the Presidio and the first multi-family residential building in San Francisco to achieve the Green Building Council’s LEED Platinum certification.

“Green building and green technology dominate this design and allow residents to stay connected to the Presidio’s natural setting and live with less environmental impact,” said Alexa Arena, vice president of Forest City-San Francisco.

The first two of the seven attached three-story three-bedroom contemporary townhomes are now available to lease. Each has a patio at ground level overlooking the green, a terrace at the main living level off the living room, a panoramic roof deck, a garage and private entrances from the street totaling 2,100 square feet of modern living space.”

Ever more deets, after the jump.

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Abandoned Building Taken Over in the Tenderloin – 587 Eddy, Formerly the Leslie Hotel – World Homeless Day 10-10-10

Sunday, October 10th, 2010

[UPDATE: The TenderBlog has more deets and here's an account from taker-overer Michael Steinberg.]  

Here it is, at the corner of Eddy and Larkin in the Tenderloin,* the former 68-room Leslie Hotel, formerly student housing for the California Culinary Academy, it’s 581 Eddy, or 587 Eddy if you’d prefer. See?

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Well, it got taken over today. They’re calling it “Creative Housing Liberation.”

Steve Rhodes, who’s all over town, went up to the second floor this afternoon to capture the action: 

Via Steve Rhodes

Here are the deets from Steve:

“The organizers say the building has been empty for two years. It is a 7 story building. Photo taken from 2nd floor”www.indybay.org/newsitems/2010/10/03/18660551.php
 
The latest word is that the SFPD is on the scene and that there’s a party in the street.
 
And this is from the IndyBay:
 
“San Francisco – A crowd of 100 , made up of homeless individuals, community leaders, activists, immigrant community members, families and children,
have taken over the previously vacant Leslie Hotel at 581 Eddy St. Creative Housing Liberation is taking direct action on 10/10/10, the first annual World Homeless Day, by staging a public ‘open occupation’ of vacant residential Leslie Hotel in Downtown San Francisco.”

Now, would you like to buy it?

All the deets:

Total Annual Income: $775,200

Total Monthly Income: $64,600

SRO Total (projected $800 mo. ea.) $56,000

Commercial Total (projected) $8,600

Commercial Space (vacant) $3,000 per month

Sandwich Shop $1,500 per month

Liquor Store $2,600 per month

Sushi Restaurant $1,500 per month

 

  • N/A
  • 68
  • 29,171 SF
  • Hotel & Motel
  • Economy/ Limited Service
  • Investment
  • 12.47%
  • 5,031 SF
  •  

Last Verified  12/3/2009Listing ID  16306009

Description

“PRICE REDUCTION, MOTIVATED SELLER” The Leslie Hotel is centrally located at the corner of Eddy and Larkin, the gateway to San Francisco’s bustling “Little Saigon” district, where two eight ton granite and marble pillars stand as a symbol of peace and happiness for the community. The Leslie Hotel is a six story, 29,171-square foot concrete building on a 5,031-square foot lot. The hotel consists of 68 guest rooms, many with views and all with private bathrooms. 48 of the rooms are designated for tourist hotel use and 20 are residential hotel rooms, which can be rented on a weekly or monthly basis. Additionally, there is a one-bedroom/one-bathroom managers unit. 

During the past 10+ years, the hotel portion of the property was master leased to California Culinary Academy as student housing. Recently vacated by the Academy, a rare opportunity exists for a new owner to renovate the hotel with complete flexibility. At ground level there are four highly sought after commercial spaces providing immediate in place income.

The Leslie Hotel sits directly across the street from the Phoenix Hotel which is owned and operated by Joie De Vivre Hospitality the largest independent hotel owner and operator in the State of California. This vibrant changing neighborhood is home to many hip new restaurants, bars and nightclubs. It is also conveniently located to San Francisco City Hall, Civic Center, Asian Art Museum, Public Library, Davies Symphony Hall, War Memorial Opera House and many more San Francisco landmarks. 

For a qualified investor the seller has a lender who has informed them they will put a first deed of trust on the property. This opportunity will allow an investor to acquire a completely vacant hotel in the high barriers to entry San Francisco hopitality market.

Ever more deets, after the jump

*Or, the Uptown Tenderloin(!) [chuckle], or “Uptown” [doubleplus chuckle]. Or, more seriously, Little Saigon.

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Realtor Malcolm Kaufman Knows How to Use the Hidden Porta-a-Potties of Presidio Heights

Friday, October 8th, 2010

Normally, I’m not into artifice ‘n stuff, but I like how McGuire Real Estate’s Malcolm Kaufman hangs his signs.

I don’t think he’d have his name put on a port-a-john, but this sign on the wooden lattice hiding a port-a-john, well, it almost looks classy. Srsly.

See?

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Cheers 3x.

Own a Home for Under $1200 a Month? – The Miracle of 1345 Turk – For Households Making $40k to $95k

Tuesday, September 28th, 2010

How would you like to become landed gentry for less than what you’re paying to rent a studio in the Tenderloin? Well, then get on over to 1345 Turk.com, where it’ll soon be On Like Donkey Kong.

Imagine living right near all the those new nightlife spots on Fillmore - and you’d be less than 400 yards from Alamo Square and the Painted Ladies.

There might be a lottery involved, but you can’t win if you don’t play…

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Be sure to invite me over for a BBQ  after you get settled in!

And just look at the artwork they have! I call this crop “Andre the Giant walks to his red SAAB 900″

Bon courage!

Perspective view looking west down Turk Street.

1345 Turk Street offers thirty-two affordable new homes for first-time homebuyers, specifically working families and individuals earning between 70 and 100% of Area Medium Income.

Flats and townhouses with outdoor patios ring a private landscaped courtyard, creating a quiet community just a block from the bustling Fillmore District and walking distance to shopping, entertainment and transportation.

The project is part of the San Francisco Redevelopment Agency’s Limited Equity Program, which seeks to increase affordable homeownership opportunities for San Franciscans.

1345 TURK STREET PROPOSED PROJECT SCHEDULE
Project Awarded to MSPDI April 2007
Community Design Presentation December 2007 – January 2008
Approval of Schematic Design by Redevelopment Agency Commission February 2008
Design Development and Construction Documents Begin Summer 2009
Conditional Use Granted by Planning Department January 2010
Design Completes February 2010
Developer Enters into a Development and Disposition Agreement
with the San Francisco Redevelopment Agency February 2010
 
Project Bidding and Permitting  March 2010
Neighborhood Construction Job Outreach Begins  June 2010
Construction Starts July 2010
Project Information Workshops Summer 2010- Spring 2011
Project Outreach to Certificate Holders Spring – Summer 2010
Buyer Preparation and Homeownership Workshops Summer 2010- Spring 2011
Buyer Lottery Summer 2011
Construction Completes December 2011
Project Move-In January – March 2012

Wyman Avenue Open-House in the Presidio – Prices, Photos, Impressions of 11 New Rentals

Tuesday, September 7th, 2010

[UPDATE: "Carefully refurbished?" That's up for debate. But "lakeside?" Hell no. How about State-Highway-One-side instead? Seep into the woods of these great estates to see for yourself if you want. "Honey, where's the lake? Isn't there supposed to be a lake?"]

Our Presidio Trust is working towards sustainability and the refurbished Wyman Avenue residences are going to be a part of that.

Read on for a report about the first official Open House the John Stewart Company just had over Burning Man / Labor Day Weekend.

First up, here’s the news. Monthly rental prices have been set for all the duplexes (the ones with letters in the addresses) at about $5500 per month, mas or menos. And Minimum Bid price floors have been set for the three single family residences. See?

Mmmm, the minimum price set for 1809, the smallest non-duplex, is the outlier here. 1811 is twice the house of 1809 (IMO, of course – square footage-wise, it’s 63% more house), but the minimum bid price for 1811 is only 11% higher. Mmmm.

Etude sur le mise-en-scene:

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But guess what, you can see these places yourself on:

“Wednesday, September 8 from 11am to 3pm.”

Uh oh, here come the Lexuseses – it must be time for Open House!

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There’s no good place to lock up your bike, so oh well:

Here’s the front view on WymanAvenue – lots of dogs were about, despite the “no pets” policy for renters. (There might have been more than a few looky-lou dog-walkers about – I talked to some of them myself.)

Now, it’s time for some interiors:

Here’s a kitchen (from Building 1811, the pick of the litter at 10K plus per month):

…and a bath:

…and a living room:

(Man, I’d want to take a hacksaw to the pipe on that hanging light fixture to get the bottom of it above the altitude of my melon…)

….and a master bedroom way up high on the third floor:

And the “unfinished” basement of 1809, well it’s just awesome. They don’t even count this space in the square footage:

You could have quite the workshop (or ping pong tournament) down there. Plenty of square footage:

But, mind the humidity:

Now all that’s all fine and dandy, but it seems a few shortcuts were taken during the long process of refurbishment. For example, this window doesn’t have weatherstripping, so it closes unevenly:

Compare that with what you get at the recently remade LandMark Presidio apartments just down the road. They’ve taken the time to make sure the gaps are plugged  over there. See?

Anyway, back to Wyman Ave…

Some of the fittings are what you call “builder’s grade.” Straight-out-of-Home-Depot is good enough for me, but I don’t think this plastic stuff here is necessarily green and I don’t think it matches the historic nature or whatnot of this $10k+ per month rental unit. So what’s it doing here?  

The cheapest closet light pull-cord-stretchy-string and aluminum stopper-bobber you could imagine:

Are we done here? I don’t know. Maybe they’ll get to adding a globe around this exterior light or maybe they won’t:

And here’s your PVC / copper interchange. All right…

And don’t look now, but they have PG&E SmartMeters all over. (Can you see the EMF symbol part of the SmartMeter logo  on this gas mater? Wow, that wasn’t the right choice for PG&E to make back in the day. But since this meter doesn’t have an LCD display, you can’t really tell what makes it new and special except for the knowledge that it transmits wirelessly. Of course, it’s those wireless transmissions that people are most upset about. Oh well.) 

Now, if you’re into it, you better act fast, is all I can say.

They’ll take a bid going up to something like five years on the houses. I’m thinking that the longer rental terms are what they’re referring to by the phrase ”Rent Escalation Factor.”

So something like this: 

“I’ll pay the John Stewart Company $11k/mo this year, 12k/mo next year, etc…”

So that’s the tour. Maybe one of these places is for you, I don’t know.

You might just love living here…

Ever more deets, after the jump

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