Ok, how about a thread for what you see/find is a good or great deal? Here is my first find. A duplex in the Sunset for 1.19M. Initially, I was thinking maybe for one of the units but this looks to be for the whole building. Seems to be an inside or cash deal, but it is what it is…
Two words: rent control.
1 Like
My late uncle bought one exactly like that in 2014 for $950k. He passed away so it’s now in the hands of my cousin, who used Ellis act (I think?) to get rid of the tenants.
No, that is too simplistic of an answer. Think about it, a person or family could then buy this and live in one unit (granted small unit) and rent out the other unit and maybe even develop the garage. Too cheap… inside deal I think. This would have gone much higher if truly marketed to the masses.
1 Like
However I think price is about right. Multi family always sells at a discount to SFHs.
Price is a little bit low, I’ll give you that. But I will just stay away from rent control as much as possible…
I used to hang out on a WeChat group with a bunch of Chinese homeowners. There they were advising people to rip out the stoves in their basements so their houses won’t be classified as multi-fam. SF is deadset to blame us the “greedy landlords” for the lack of affordable housing. Soon the police will look into your window to see if you are illegally keeping it vacant.
Another noise polluted property. What’s worse is there’s a hot pot place around the corner…discount for all the drunkards hanging out around the block.
No, look at the pricing history. One week listed and closed. Inside deal me thinks. I would have bought this or made Big Bro open his fat wallet and drag him back to the Fab 7x7.
Oooh, I didn’t know there is now a hot pot place metric to consider now in buying real estate. Come on @harriet!!!
Actually, buying and selling agent are from different companies so no I don’t think it’s insider deal. Quick close means it’s an all cash deal though.
Just messing with you - I knew you would make a comment about it 
The hot pot metric is probably okay for a rental, but not for a primary residence.
Come on, you millennials love to eat out remember? That would mean this is perfect, you cats can go hot potting for days in your pjs practically…
I do think it’s a really good deal. 1 unit is vacant. Must be a cash deal and I think the seller does not understand the market well
Good deal at 787K…
When you consider the neighborhood… it’s not really that attractive.
Ok, not your cup of tea @wuqijun??? I am NUMB from most to all sales recently of 1M and above that frankly anything under 1M that looks semi-decent I have to think is a deal…
Yes, but it’s Merced heights and right next to the freeway…
Merced Heights is hot…co-worker bought there using my tenant occupied strategy and is renovating finallly and apparently the house next door just went on the market and he already made 100-200K on paper. Agreed, didn’t think this one was wart free. I guess it would depend on how bad the noise is. Hey, if people are willing to spend 1M in SSF for plane noise…
1 Like