Posts Tagged ‘lease’

Is NoPA Cooling Down? After Months and Months, Retail Space at 803 Divisadero is Still Available

Thursday, April 23rd, 2015

IDK, if the NoPA part of the Western Addition is so hot hot hot lately, you’d think that this space at 803 Divisadero near Fulton would have gotten a lease deal going by now.

The sign what’s still in the window:

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Before, it was Film Yard Video (parting shot: “NETFLIX IS EVIL!”), then it was a illegal condo/supposed tarot reading place (you know, yet another one of those joints), and now it’s a black hole sucking energy from the “DivCo” “Streetscape” just south of North of NoPA.

(Oh what’s that, you’re not interested ‘cuz you want to run a full-on restaurant? Well, 1751 Fulton is just around the corner (sort of ) and it’s still available after years and years of slumber. But instead of $6k per month, it would run you $18k…)

Advice for San Francisco Newcomers: What’s “Rent Control?” It’s Something You Might Want – Not Now, But Next Year

Friday, January 2nd, 2015

Or not. It’s hard to say how much rent control would benefit you next year once your lease is up.

But these days, there’s a ton of SF newcomers who are just figuring out the big benefit of RC.

Check it:

“Unfortunately most residents can’t afford to stay longer that 1 year. We’ve been living at Argenta for 10 months and have been very happy with the apartment. But we began to suspect that things weren’t quite right with management shortly after moving in. People we met in the elevator, lobby and our floor were all saying the same thing — rent had been raised to ridiculous heights and they were moving out. Over the last 10 months we have watched many of the tenants on our floor leave because of the rent increase.”

So that’s what you get with your brand-new building – a huge rent increase after your first year.

Generally speaking, older buildings have rent control and newer buildings do not. One exception is federal land, like Treasure Island and The Presidio. In those places, you can live in an older building but still get with huge rent increases.

Of course, it always pays to check.

Here’s a test – can you tell which places are rent controlled?

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You see, it’s hard.

Choose wisely.

Argenta Inquest: How Can a One-Bedroom Apartment in the Twitterloin Qualify as a “Luxury Home”

Thursday, December 4th, 2014

That’s the Question of the Day.

Here it is, the Argenta, at 10th and Market on 1 Polk Street:

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$107K* per year(!) for a one-bedroom – am I reading that right?

I mean, wouldn’t have a second bedroom be a kind of luxury in itself?

*”From $8920” a month times 12 months in a year…

ATTENTION RESIDENTS OF THE NEW “NEMA” BUILDING: A Massive Rent Increase is Coming Your Way – ‘Cause No Rent Control

Tuesday, November 4th, 2014

But don’t take my word for it, listen to one of your neighbors at 8 Tenth Street, 94103, via the Yelp:

“Please read this if you are considering any non-rent control building in San Francisco. I wish someone had told me this when I moved to the city and chose Nema. Please consider this advice.

If you have visited Nema, you probably can tell that the management, amenities and staff are outstanding. You may also notice that everyone living in the building has just moved from another city or state. Here’s why:

UNDER NO CIRCUMSTANCES should you rent in a non-rent control building, unless you can sign a multi-year lease. Could you afford a double digit rent increase? 50% rent increase? Is your income doubling next year? It seems far away now, but you will probably want to renew your lease. Now is the time to make a good decision about housing, not next year because you will be paying much more then.”

So basically, buildings built AFTER rent control came to San Francisco in 1979 don’t have no rent control. (The relevant date is printed on your landlord’s Occupancy Permit, but if your crib went up in 1980 or later, don’t even bother checking.)

That means that your friends renting units in older buildings will face a maximum annual rent increase limited to 60% of a certain Cost of Living Index dealing with the Bay Area. That means one-something percent per year.

OTOH, if you moved into the NeMA at $1950 per month last year (as some did, 2nd or 3rd floor, lousy view* – Unit 324, for example**) and your lease is coming up, consider that there are no units available now for less than $2800 (I’m srsly – some studios go for $4000+)

Are you, the NeMA renter, looking at a 40% rent increase soon? 

If not this year, what about the next year too? How long will it take to have a 40% increase for your unit, you know, cumulatively?

Sooner than you think Auslander.

Sooner than you think, Outlander.

Why don’t websites aimed at tourists and newcomers tell you this? Well, because they’re on the take from … The NEMA!

I assign this story to the San Francisco Chronicle – this one writes itself. (This would be a good CW Nevius, I’m seriously.)

*Compared with the rest of the units in the Nema.

**This was not a BMR (Below Market Rate) unit reserved for those people making less than $38,000 per year, no no. Those places went for around $950 per month. I’m talking about market rate units back when market rate was $1950 per month for the least desirable apartments at NeMA – that was all the way back in 2013. 

My Personal Best: Four Tower Cranes in One Shot – “The Crane is Now San Francisco’s Official Bird”

Thursday, February 6th, 2014

Find me a recent photo what shows five or more tower cranes in Frisco – I challenge you.

Such cranes!

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INTRODUCTORY NOTES: “I’d like to open my remarks with a humorous anecdote. The official bird of San Francisco isn’t the California Quail! It’s actually the crane. [Pause for gasps and puzzled looks.] The _construction_ crane! “[ Pause to wait for the applause to die down, to enjoy the smiles of onlooking Walter Wong and Rose Pak, to bask in glory of being appointed by that guy who got appointed by that guy who got appointed by Willie Brown, to exult in being an obedient figurehead girl who does exactly what Downtown tells her to do.

Presenting “adverCar” – A Way to Make $100 a Month with Your Ride – Plus,Leasing an Electric Car for $139/Mo

Wednesday, January 1st, 2014

Sort of.

First up is adverCar – all the stickers north of the bumpers earn the owner of the Smart Car $100 a month or so.

Do I object to the sticker covering part of the back window?

Yes. Yes I do.Moving on…

Click to expand

Second up is the chance to pay $2000 to get started on a lease for an electric Smart Car, sort of. You pay $80 a month to lease the battery and also $59 to lease everything else – the car itself without the battery.  Why do they do it this way? IDK.

Anyway, all this is news to me…

Turn Off the Dark: Our 88-Year-Old Pacific Telephone Building is Back in Business, Baby! 140 New Montgomery is All Lit Up

Thursday, November 28th, 2013

Thusly:

You see, first it was all like this, abandoned, empty:

Then it was all like this, as seen from 225 Bush, a slightly older and slightly shorter building:

And then you could see through the thing, as seen earlier this year:

And now it’s a beacon at night.

I guess it’s called 140NM now? Ok fine.

So, first this building was commercial office space, then they wanted to change it to condos, and then they changed it back to office space, and now I’ll bet they wished they had stuck with the condo idea. Oh well.

Anyway, get all the deets on the Pacific Bell Building right here.

 

Here’s What You Should Do When Your Landlord Sends You This Mandatory Tobacco Smoke Disclosure Letter This Month

Monday, November 18th, 2013

Absolutely nothing.

Say it again, y’all: Absolutely nothing.

Background: District One (aka The Richmond, more or less) Supervisor Eric Mar is a bird of another feather – he wasn’t satisfied with issuing edicts from Academia oh no. He descended from the ivory tower to put dreams into action. And his father passed away from lung cancer (AFAIK, pretty sure), so it would make sense that he wanted to do something for San Francisco renters who have to deal with secondhand smoke coming in from other units.

Get all the deets on San Francisco’s 2013 Tobacco Smoke Disclosure Policy as of last year via this excellent article from Christian Watjen right here.

So that’s the background. What’s going on now is that tenants all over the City are getting alarming/confusing letters from landlords. To wit:

Nervous Gay Couple Living With AIDS Get Letter from the Landlord

Now here’s what you’ll get* if your landlord toes the party line of the San Francisco Apartment Association – an excerpt of the pledge they want you to make:

“For purposes of the Tobacco Smoke Disclosure Policy and SF Health Code 19M, I would like to designate my apartment as non-smoking. I verify that neither I nor my guests will ever smoke tobacco within the rental apartment listed below.”

Uh, so why should tenants make this pledge? It’s not explained in this official SFAA letter now is it? And what if Barack Obama or Bill Clinton drops by your pad a few years from now? They puff puff every now and then, right? So what about your signed pledge, what about that?

And here’s what the lawyer(s) of  the SFAA have for you at the bottom of the letter:

“If you do voluntarily decide to designate your apartment as non-smoking, which you are not required to do, the designation is permanent and becomes a consensual change in the terms of your tenancy.”

Oh.

If you’re living in rent-controlled San Francisco, I think you should get some kind of benefit when you change the terms of your tenancy, you know, as a general rule .

And later on, is your landlord going to complain about how you’re violating the terms of your tenancy when you allowed your future bud / date / friend smoke one cigarette to help her get through one of her stressed out moments?

Or your Euro fiance can’t move in with you in 2015 because your “designation is permanent?”

And should we assume second-hand smoke from clove cigarettes and/or the Mary Jane is good for you, since it’s not covered?

Now, IRL, is this issue going to affect you? Prolly not. But I’m just saying.

So, sign your pledge or just ignore it – choose or lose, maybe.

*Assuming that you’re living in a building with fewer than 50 units and you aren’t restricted from smoking now. This is the notification you’ll get otherwise, possibly, and it’s fair enough. And here’s the full rundown from the SFAA. Again, no objections.

All the deets, after the jump

(more…)

100 Van Ness Has Been Stripped to the Bone – You’ll be Able to Move In Soon – Best of All, No Rent Control!

Friday, October 4th, 2013

I’d like to open my remarks with a humorous anecdote. The Official Bird of San Francisco isn’t the California Quail, it’s the crane. [Pause for gasps and puzzled looks.] The construction* crane! [Pause to wait for the applause to die down, to enjoy the smiles of onlooking Walter Wong and Rose Pak, to bask in glory of being appointed by that guy who got appointed by that guy who got appointed by Willie Brown, to exult in being an obedient figurehead girl who does exactly what Downtown tells her to do.]

This is as naked as 100 Van Ness Avenue is going to get. (It’s the Harbinger of the Apocalypse, don’t you know.)

Be sure to invite me over to enjoy the 20+ foot tall penthouse playground.

Box, crane tower, another box, sky, clouds. NewMa, meet OldMa: 

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All the fun will start in 2015…

*By that, she means tower crane, which I suppose is what people call them in everyday life. I’ll remember 2013 as the year I could see a dozen huge tower cranes over San Francisco every day. Not that that’s a bad thing in itself. But corruption is a bad thing, right?

Here’s One Problem, Just One Problem, With Tesla Motors’ Buyback Scheme: High Mercedes S Class Depreciation

Tuesday, April 2nd, 2013

Here’s the news of the day:

“Working with some of the largest and most respected banks in the country, Tesla has been able to create a financing product that combines the surety and comfort of ownership with all the advantages of a traditional lease.

US Bank and Wells Fargo will provide 10% down financing assuming a good credit rating, and the down payment is covered or more than covered by US Federal and state tax credits ranging from $7,500 to $15,000. New Jersey, Washington and DC also have no sales tax for electric vehicles. These advantages are not available when leasing.

After 36 months, you have the right, but not the obligation to sell your Model S to Tesla for the same residual value percentage as the iconic Mercedes S Class, one of the finest premium sedans in the world, made by Daimler (also a Tesla partner and investor).

Not only is Tesla guaranteeing that resale value, but Tesla CEO Elon Musk is personally standing behind that guarantee to give customers absolute peace of mind about the value of the asset they are purchasing.

We also encourage you to think about Model S ownership in terms of true out of pocket cost. When considering the savings from using electricity instead of gasoline, depreciation benefits, and other factors, buyers will save hundreds of dollars per month compared to owning a gasoline powered car.”

The problem with this, or rather, one of the problems with this, is that Mercedes Benz S-Class cars have horrible resale value.

Just horrible!

Check it.

So if Elon Musk really wants to put his money where his mouth is, why doesn’t he use cars more desirable and practical for the residual value percentage guarantee?

How about the Nissan Versa or Honda Fit?

Just askin’.