This area is legit. The panhandle area is very popular among high income people. This is what I would picture what San Francisco looks like.
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This is the tourist attraction area.
Frederick st is not crowed since it is 2 block away from Haight .
There was a Mc Donald ar corner of Haight & Stanyan that I believe the City bought out and plan to build a project/affordable housing there.
Lots of hippies hanging around Haight, Golden Gate & Buena Vista Park.
Overall, residents on Fredericks are fine, but IMO you might still need to research more about the Project Hoiusing on McDonald lot,'if this is true, it will dilute the pricing in future (again just might opinion) 
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The article for the Boston schools says "which drops the admissions exam and instead decides eligibility based on grades, 2019 MCAS scores, and students’ zip codes. "
Sounds like there’s still testing involved at least.
Lowell, on the other hand–that’s crazy. How’s that going to work out for underqualified kids? Failing their freshman classes isn’t going to look so hot on their college application.
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5cap is a hope and a prayer. Nor actual current rents. So the $168k net annual rent is hoped for not actual. My net rent in Tahoe for my apartments is $100k actual. $110k proforma… So at 5cap worth $2.2m. Couldn’t get $1.4m. Yet my rents are going up at 10% a rent and SF rents are going down at 20% a year. SF still is popular with new to the area investors. Plenty of better opportunities elsewhere
It’s changing, just be patient. Let the moratorium end. And let all tech leave SF.
Had to look up what COPA compliant means…
How will this affect the multifamily RE market? Will it save it from falling?
COPA has been in effect since September last year (2019). I don’t think it will impact prices in a positive way. I would expect it to cause delays for sellers, and thus making investment in this type of property slightly less attractive, if that is possible at all, given the other issues in San Francisco.
5+ units are frequently bought/sold in 1031 exchanges, delays are a bigger issue there.
I don’t recall COPA being discussed on this forum, probably because manch is a firm SFR believer and I’m not aware of anyone else investing in MF (5+ units) in SF. I think the law applies to 3+ units already.
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Wow then I have no hope for SF. More regulations in an already stressed market.
Many multi family in SF are cash flow negative at current asking prices, even with no mortgage. With falling rents, that will go on for years because they are still very high for the quality of living and houses, I am not sure if even a zero value on them is justified. A loss making venture with losses growing with time has zero value.
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It is not going to zero… you could demo the structure and operate a parking lot.
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LOL! I’m sure SF would make that illegal. Unless you allow homeless encampments in the spaces.
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There was a huge legal battle in SJ when the owner of a mobile park home wanted to close it and sell the land. I’m guessing there’d be a legal battle over it.
I don’t think you can demo the structure and turn it in to parking lot. Basically any reduction in the number of units is not allowed (or extremely hard to get a variance). For example, you cannot buy a duplex and combine the units to turn it into a single family home (consider yourself lucky, you are still allowed to live in both units …) even if zoning code allows it.
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Isn’t Lowell only high performing public high school in SF?
What’s the reasoning behind admission change?
San Franciscans don’t want to have any high performing public high school in SF?
That sounds weird to me.
I guess most of kids who apply for Lowell would be high achievers any way, hence, the quality would remain same at least for a while. In the long run, I am not sure.
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If I had to guess, it’s an equity thing and the school board made the decision against the parents’ will just like the decision not to offer Algebra I in middle school.
Most parents of high achieving kids want a high performing high school.
I’m not sure how it benefits anyone to no longer have such a school, but then it’s hard for me to understand what the “other side” wants and why as I’m not that side. I do think there are families that simply don’t understand the need for high-achieving schools because they don’t have one of those kids. In fact, our local high-achieving magnet gets a lot of hate from the other district schools–especially the school in the richest neighborhood–and I’ve talked to parents who said they were that hater until they realized that their kid wasn’t being challenged, was acting out because of the boredom, getting notes home from the teachers, and they suddenly realized that the magnet school is there for their kid…
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Did they feel happy or awkward when they found it?
This is an interesting case given that many parents think their kids would be the next Einstein or Mozart when they were young and gradually accept the reality. 
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Generally pissed because they end up caught in the middle of our district’s culture war as they often have kids at both schools. Pissed enough that sometimes large annual donations get moved to the magnet school in protest of comments from parents at the wealthy neighborhood school.
For me, I just feel like a bit of an outsider–I’m not generally a fan of government-run schooling and firmly believe that kids should have options including charter, private, homeschooling, etc. But it’s a real turn-off. The last round of school reorg had comments like “shut down XXX”. How’s a kid supposed to take that? Your might as well tell the kid that their house should be burned down. At least with the shelter-in-place/distance learning, the nasty parents have had other things to occupy them!
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I actually went through that… bought a park and wanted to close it and build SFRs. City of Capitola had just folded in a lawsuit against a park owner, with plenty of media coverage, picketeering etc. There I came in, asking to close another park (100% occupied). Not well received.
The argument was whether it was a mobile home park or a trailer park. MH parks have more restrictions/ protections. It was actually a trailer park but they argued that a trailer becomes a MH once it does not move for 6 months.
A few tenants moved voluntarily (I never gave anyone notice), and I bought out the others. Biggest payment was $25k.
Once the park was fully vacant, it was easy to close.
That was 8 years ago. With the changes in the public perception and climate, I might not get it done today.
Also, City of Capitola appears to be more pro property owner’s rights than City of SF.
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why SF will be any different than so many loss making firms like Uber/Lyft/Tesla have sky high valuation.