Huge $2M Price Slice on Former MTV ‘Real World: San Francisco’ House
Huge M Price Slice on Former MTV ‘Real World: San Francisco’ House
The Agency
Things just got real for 949–953 Lombard St., aka the “Real World: San Francisco” house.
Listed in August for $7 million, the house is now being offered for the much more realistic price of $4.9 million. Yes, in San Francisco that price counts as realistic.
“It’s a substantial price drop, so it’s phenomenal deal,” says Justin Fichelson, managing director of the estates division at The Agency and the listing agent for the property. The three-unit, 3,705-square-foot building is just a half-block from the famously crooked Lombard Street, and the views from the 1,500-square-foot roof deck are “like something out of a movie,” says Fichelson. Coit Tower, Telegraph Hill, Alcatraz, the downtown skyline—basically anything you’d buy a postcard of in S.F.—are visible from the deck.
realtor.com
Maybe only ’90s kids can appreciate owning the same space where Puck memorably stuck his fingers in the jar of peanut butter, but anyone can appreciate the investment possibilities of a classic piece of San Francisco real estate.
“It would be perfect for someone to live in and rent [out] the other two units, or a foreign buyer could get amazing rent for all three,” explains Fichelson. He estimates the two-bed, two-bath top flat alone would rent for $7,500 to $8,000 a month.
realtor.com
The home was completely renovated after a fire destroyed much of it 10 years ago (sorry, “Real World” fans). It has new wood floors, updated bathrooms, newly remodeled kitchens, and a recently refinished limestone exterior. The bottom unit has two bedrooms, 2.5 bathrooms, a walk-out terrace, and bonus studio apartment with bathroom.
The middle unit has two bedrooms and two bathrooms, and access to a series of balconies through a french-door-topped staircase.
The neighborhood is within walking distance of the water, North Beach, and dining and shopping spots.
“That location with those views is a winning combo,” says Fichelson. “It’s a great investment, and it’s only going to go up in value.”
The post Huge $2M Price Slice on Former MTV ‘Real World: San Francisco’ House appeared first on Real Estate News & Insights | realtor.com®.
Source: Real Estate News and Advice – realtor.com » Real Estate News