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Updated over 10 years ago on . Most recent reply
#1 Real Estate Events & Meetups Contributor
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Make a $MIL on some buyouts and rehab in SF?
#1 Real Estate Events & Meetups Contributor
- Rental Property Investor
- Oakland, CA
I'm curious what @Amit M. , @Account Closed , and some other San Francisco folks think about this listing. Is it possible to make a million dollars on this building? (Wildly speculative of course, but not the craziest thing I've ever heard..)
https://www.redfin.com/CA/San-Francisco/149-Duboce-Ave-94103/unit-151/home/1063811
Currently listed at $1.4MM, 4-unit, 1br's coming in at 3,836 sq ft, or $364/sq ft, w/ a nice fa
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Welcome to SF. Exactly the reasons (flip tax, no condos, rent control, ....on and on) you couldn't pay me to even entertain such a deal. Deals in SF are the definition of beating my head against a wall. If you GAVE me that deal, I'd have to think long and hard about the brain damage and likely would pass. Typical SF, they make life hard for developers, while charging exorbitant fees, and then complain about affordable housing. Crazy-town.