San Francisco Schtuff

By Coach A:

In Coach A’s sporadic installments of Investor Alley he picks a house, building or condo and talks about how somebody can create a return on their investment.

Current Schtuff:

• Address: 2882 Pine Street
• ‘Hood: Lower Pacific Heights
• Price: $1,199,000
• Beds: 1
• Baths: 1
• SqFt: 864

Currently a 1900 era 1 bed/1 bath tenant occupied house on Pine St between Broderick and Baker. Nice Lower Pacific Heights location – great block with some incredible homes. House is a mess as-is, but has a small yard and a garage. Owner purchased in 2006 for $1,125,000 and is now “motivated.” Owner has unpermitted plans to create 3 bed/3.5 bath 2800+ square foot house, which is consistent with most of the block.

Plan:

Read the rest of this entry »