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.”
“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.
First of all, anybody who thinks 100,000 souls attended the 5th Annual Asian Heritage Street Celebration in the Civic Center last weekend needs to put down the crack pipe and come back to Earth. Can you hear me Major Tom? Can you hear me Major Tom? I’m not even sure the Rule of Three could get you to a reasonable estimate. But if you want to chalk that six-figure number up to puffery or mindless boosterism, feel free.
Having said that, it appears that the AHSC has found a good home on Larkin Street betwixt Little Saigon and the Asian Art Museum. Last year’s venue in Japantown was not without controversy, but the clucking NIMBYs of notorious 1600 Webster (seriously, who would want to live with those people – they’re a laughingstock) have uttered nary a peep regarding this go-around in 2009, so they appear to be fine with the AHSC as long as it’s held a mile away from their condos. That’s what makes them NIMBY’s. Fair enough.
Here we go. Everybody seemed to being a good time, under the pouring sun:
There was some kind of parade going on – it was hard to tell. Larkin Street isn’t used to this kind of pageantry.
And now it’s time for the Import Car Show. Check out this Beast from the East – Brampton, Ontario in Canada to be precise. But look how Brampton Comes Alive! with the scissor doors. Here it is, some kind of Chrysler, the El Diablo SRT-8:
The gritty nitty. Yes, it’s a Hemi:
What happens when the insanely wide rear tires on your Lexus are dialed in with insanely negative camber? What happens is every spring shower results in a vernal pool, ready for the rubber duckies:
Now, speaking of “schlocky souvenirs and mediocre food stands,” you had that in spades last Saturday – but what do you expect? It’s a San Francisco street fair, right? If you don’t want to buy a purse, don’t buy a purse.
Or magnets. Always with the magnets. I asked about snake oil – they were all out but they said they could order some for me.
I missed all the anime stuff, and the Thai kick-boxing and Assemblywoman Fiona Ma‘s talk and a bunch of other things as well probably. Oh well. Events like this are part of what makes San Francisco San Francisco. It’s good that the AHSC could find a home this year.
Soon the legal eaglets at the largest and oldest law school in the West (yes, older than vaunted Boalt Hall across the estuary in Berkeley) will be able to easily descend from their nests at historic 100 McAllister or the “Book Concern Building” to get to their small German cars - without hogging up spaces at the Civic Center Parking Garage (aka Victory Garden Basement).
San Francisco’s newest, littlest neighborhood, Little Saigon, would like you to come on over to Larkin Street for lunch, why not? There’s no special promotion going on right now, but you can get good food for not so much money 365 days a year.
Update, from the people: “Wrap Delight, Larkin near Golden Gate, has great banh mi sandwiches. A lot of people swear by Saigon up the street, but I find Wrap Delight a little better. And they’re like $2.50. Definitely better than Lee’s. I went there once. Doesn’t compare.”
But these days, due to changing construction techniques using concrete, rebar, and whatnot, you need to get above the workers to see them at labor. These folks are mostly out of view after the first floor gets done. Here, they work on the third floor.
