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By: Coach A

The not so weekly investment installment where Coach A picks a house, building or condo and talks about how somebody can create a return on their investment…

Schtuff:
Address: 103 Ellsworth St
‘Hood: Bernal Heights
Price: $799,000
Beds: 2
Baths: 1
Sq. ft.: 1357
Extra: “basement” space on lower level

Plan:

  • Purchase for $845,000 in as-is condition with a 21 day close (gonna be some competition for this one - Offers this Monday)
  • Spend $100-$125K in upgrades (Remodel the kitchens and baths, legally convert the basement area into a guest bedroom and media room opening onto a patio leading to the yard, new windows in entire house and expansion to wall of windows along eastern wall)

Comps, ‘Hood and Upside: space

  • Incredible views and a very quiet north of Cortland location.
  • Comparable house on the same block sold for $1.1M several months ago
  • Opportunity to create 3 story 2000+ square foot house with views - not many of these exist in Bernal Ht’s

103 Ellsworth St [Home San Franciso]
Image courtesy of MLS. Listing by: Zephyr Real Estate.; Steve & Debbie Dells

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