What Real Estate Bust?

See that sexy little “Single Family Home?”  Well, 13 Lucky St. could be yours for a bargain-basement price of $289,000.  As Troy Holden points out, it might be “the best address in the city,” but to my untrained eye, it looks like a fucking garage.  I’m sure the used car salesman that posted this listing knows more about the difference between garages and single family homes than I do, but $289,000 seems like a lot of money to park your Kia.

Comments (3)

From the ad:

“Opportunity to build your custom home in the trendy Mission District. Currently, there is a garage on location and is rented to a contractor for storage. Seller will carry financing for qualified buyer.”

With that being said, I wouldn’t mortgage my life away to build a house two or three lots off of 24th Street… but it will likely appreciate well.

- Mike

My buddy is the contractor who rents this place out… it’s a pretty small lot that and it’s only zoned for single residence, so now duplex/triplex dreams can be taken to fruition. The land really isn’t worth anything more than a garage, I certainly wouldn’t want to live in a single family home built on this little back alley.