What $1 Million Buys In SF’s Alamo Square

With so much uncertainty in the market, there are incredible opportunities for those buyers who will seize the moment. The latest data from SFAR MLS for Condo/TIC/Coop units shows prices down almost 9 percent year-over-year and the number of pending listings nearly cut in half. Among these properties, tenancy-in-common homes offer some of the most compelling inventory for value-conscious shoppers. (Be sure to check out our primer on this oft-misunderstood ownership arrangement.)

Below, we’ve curated a selection of sub-million dollar homes — which all happen to be TICs — listed for sale in San Francisco’s historic Alamo Square neighborhood. Enjoy!

714 FILLMORE STREET | $999,000 List Price

3 Bed, 1 Bath, 1,608 sqft (Listing Details)

This diamond in the rough is not for everybody, but those with imagination and a sizeable renovation budget may find this opportunity too good to pass up. The place is fit to be gutted which opens ample possibilities to reconfigure its layout. Integrating the enclosed porch and repurposing the exclusive-use basement room will surely be on the to-do list for designing a thoroughly modern residence. Any buyer should be prepared to pay cash given the property’s condition, however mortgaging it at a later date may mean getting a better interest rate than what would be available today. At almost two months on the market, the time is right to negotiate a deal. Let’s chat about the place and schedule a private tour.

1530 MCALLISTER STREET #6 | $949,000 List Price

2 Bed, 1 Bath, 754 sqft (Listing Details)

Located less than one block to the Divisadero corridor, an abundance of neighborhood amenities are practically at the front door of this Coming Soon listing. The move-in ready top-floor home features a tastefully updated kitchen and bathroom alongside original hardwoods, crown molding and trim. There is a rooftop deck and garden shared amongst the building’s six units, as well as laundry facilities on the ground floor. It’s worth noting that the second bedroom was converted from a dining/office area and is definitely cozy. Monthly HOA dues are $376, and leased parking is secured nearby for a low $150. This home may be shown to qualified buyers while off-market: contact us to go take a look.

865 HAYES STREET #B | $899,000 List Price

2 Bed, 1 Bath, 1,201 sqft (Listing Details)

865 Hayes Street #B is marketed and listed exclusively by cooperating broker Corcoran Global Living. Listing photos above courtesy of SFAR MLS.

Recently reduced from $970K, this tenancy-in-common is now priced to sell at less than $750 per square foot. Sleek living spaces, soaring ceilings, a separate office nook with storage space, and an expansive footprint flooded in southern light make it a clear standout. The building itself is a beautiful example of Victorian architecture with pride of ownership on full display. A peaceful garden at the rear of the property is perfect place to take in some fresh air, while the front stoop provides a front-row seat for enjoy all the Bay To Breakers revelry. HOA dues are $391 per month. Contact us today to set up a showing and discuss making a winning offer.

We’re always scoping out great buyer opportunities in San Francisco, both on and off market. Whether you’re just beginning your home search or on the hunt for something specific, please get in touch > 415.715.9205 / homes@vulcca.com