[irishjuggler]

“Extreme deferred maintenance.” Uh, yeah. LOL.

I’m in S.F., and I doubt I know anyone who would say that the 300 block of Day Street is the “best block” in town. Not even close. But is it possible for a contractor to pay $2mn for the dump, put, say, $400k into renovating and sell it for $3.2 mn. Yes, I suppose it is.

[atc23]

Day St? Not even the best block. I lived on Haight and Webster and remember me and you brother and our girlfriends used to sit on the couches in the living room drinking King Cobra and watching TV with pellet guns and shooting the rats at night when they came in through the walls in the kitchen about 20 ft away.

Such good times

[martin_fierro]

Some Chinese expat will snap it up.

[cymbeline]

“But is it possible for a contractor to pay $2mn for the dump, put, say, $400k into renovating and sell it for $3.2 mn”

I suppose you could say the lot’s for sale for $2m.

[The_Media_never_lie]

I’m in S.F., and I doubt I know anyone who would say that the 300 block of Day Street is the “best block” in town. Not even close. But is it possible for a contractor to pay $2mn for the dump, put, say, $400k into renovating and sell it for $3.2 mn. Yes, I suppose it is.

---

Yes, it is possible but not assured. If Jerome Powell has his SHTF moment before the renovations are completed and the property sold, it could result in a huge loss.

[AndyJackson]

Day Street is the “best block” in town

The best blocks in SF are easy to find. Look at where the Feinsteins and Pelosis live. It ain't there.