Lets say theres a 6 unit apartment building in San Francisco that's worth 2 mill and nets 100k a year.
Assume your net income goes up 3% annually.
What would a 99 year ground lease on that asset be worth?
There's progress on building housing on San Francisco's most infamous car wash!
This week, the Department of Building Inspection approved a site permit for 203 units of housing on the site.
This means the overall project has been approved at a high level, and now the developer can begin applying for specialized permits to demolish the car wash and set the foundation of the building.
It's taken years to get here - in part due to permitting bureaucracy years way before I was elected.
I even had to pass a law earlier this year to change rules around permit expiration timelines to make sure projects that have such a lengthy process can still be built without having to go to the back of the line.
Now the work won't start immediately, but its a necessary first step to the transformation this neighborhood has been waiting for. We expect movement on the site before the end of the year.
I keep hearing from followers who thought I stopped posting on @X
If you can see this post please place a blue dot like this 🔵 as a reply. Technically I should have 40k dots appear but I expect to see maybe at best 10 dots.
today, a car plowed into a restaurant in san francisco's chinatown
the city decided to give them a violation notice and assessed them a fee hours later
Guess the year this photo was taken?
The most interesting thing about this photo is that at first they look like strangers, but the more you look, the more they could be part of the same hipster band.
So, If they actually were a hipster band, what year would they be from?
Talked to several different property owners in San Francisco's Tenderloin and it looks like $1700 is the going rate for studios there now.
During peak COVID, it was around $1200.
That might be the highest percentage increase for rentals in San Francisco over the past few years.
You may have spotted this guy walking his pet duck or cruising with it in a purple Ferrari in San Francisco. Well, the @sfstandard is reporting Brian Currier is the man behind a police standoff in Nob Hill on Monday afternoon. Currier is accused of pointing a gun at someone.
A ride down Mission Street in san Francisco in 1975.
This footage shows Mission Street between 22nd and 24th. It also includes scenes of the LULAC Mural, painted in 1975 by Gilberto Ramirez on the old Cogswell Polytechnical College building near 26th and Folsom, as well as a few shots driving around Precita Park.
SB721 inspections went into effect January 1st 2026 in CA and i'm already seeing lenders mandate the inspection as a condition of closing.
Most people seem to have forgot about it.
Never using @ViatorTravel@Tripadvisor again
The actovity guide never showed up. Twelve people paid about $60 /each and there is no refund. This isn't a way to run a business.
Damn the building that CVS vacated last year on 19th avenue in San Francisco sold for 16.8 million in 2017.
Imagine buying a 23,872 square foot triple net in a core market like San Francisco for 16.8 million and it goes dark.
🔫Breaking → A person was shot overnight in San Francisco at the intersection of Powell and Vandewater (btw Francisco and Bay). Adjacent to the USPS North Beach Annex, though I have no info indicating USPS involvement. SFPD originally responded to the area for a welfare check after receiving a 911 call reporting an unresponsive individual. Officers arriving on scene found a gunshot wound victim who was transported to the hospital in unknown condition. Further investigation by SFPD, with an assist from an alarm monitoring company, indicates that the shooting likely occurred at 2:17 AM.