San Francisco House

2026 Great Highway Hwy, San Francisco, CA 94116

California Bob tells us about a house in San Francisco:

This property is a couple blocks away, on the Great Highway.  It sold 7 years ago for $1.5M. It was a pretty disgusting ramshackle place, looked burned out in fact if I remember right.

It sat for maybe 2 years? 3 years? before they finally commenced construction work. I'm guessing getting the plans and then all the permits.

So that's like 7 years of planning and navigating and getting the build done. That's some kind of  perseverance, I can't even commit to a 3 week yoga class. 

Let's see if it pays off for them. Seems ambitious, it's quite a small place on a very small lot. The place next door is a huge house on double lot and only went for about $7M.

In other news, my own neighbors have acquired a 4th pickup truck which is parked on the sidewalk and is serving as storage for scrap metal and old tires. Yay.

Uniberp comments:

Cute, with a nice view of the transformer. [picture above] which would drive me nutty. That and the EMF imagination.

I don't really get how a constant view/sound of the sea is that engaging. I like seeing the water, even frequently, but the sound is not that different than my tinnitus (minor, not problematic).

How do they figure 6K property taxes.? That seems very low for a 6M property.

Redfin tells us that the monthly mortgage payment would be $40K per month, which boggles my mind. The only way that could make sense is if you have $7 million dollars invested in something that is paying more than 7% interest. While that is conceivable, I suspect it is more likely that someone would sell another California property for a similar amount, and then uses the proceeds to buy this one.

This place isn't even on the beach. The beach is across the street a wide street. Redfin doesn't give the square footage, but it can't be much, the lot it sits on is only 1300 square feet.