As of just a few weeks ago San Francisco was voted the most expensive rental city in the country. It has become very competitive so, at this time, I would say that this option is a good one and you may want to consider expanding your target areas as well. Here is a good article for your review:
The Mission District is another area that I would be aware of. It is expanding rapidly and is a epicenter of activity these days with no sign of slowing down. Here are a couple links for the area that may help:
Finally, North Beach and the North Waterfront should be places for you to consider too:
Best of luck with your decision and your search! If you would like any assistance I can be reached directly at 415-562-6999 or via email at email@example.com.
Some other thoughts.... I think it was Warren Buffett who said "try to be fearful when others are greedy and greedy when others are fearful". I don't see fear now. On the other hand prices have been falling or flat for nearly 4 years, and finally we are seeing some pretty significant price appreciation over the past 2 or 3 months. So has the market turned? And will it continue up? Show me 10 experts and I'll show you 10 opinions, so I won't hazard a guess. I'll just repeat my intial advice - buy it right, and be sure you know what you're getting into. I'm happy to explain more about what I mean about buying it "right" and what pitfalls to avoid if you're interested.
These are great neighborhoods with plenty of competition for what you want to do. One of the questions for you is what kind of a condo do you really want, e.g. studio, 1-bedroom, etc.? Next, what are your investment goals and strategies? There are others that will influence the answer to your question as well.
Asking the question you asked here is addressed to real estate professionals, most of whom will tell you that it's always good to buy and own property.
Feel free to call me at 415-200-7202.
For sure we can help you. Please contact me ASAP.
Manzar D. Azari, MBA, Broker, Realtor
"2012, Top Women Owned Business in CA" http://www.theazarigroup.com
(415) 377-4115 - A moment ago
We are seeing multiple offers on just about everything that is marketed correctly. With that prices are rising.
Bear in mund also that San Francisco has less than 2 months supply of inventory so it is strongly a sellers market.
So roll up your sleeves and get ready to join the fray. It will only go up from here for awhile it seems.
The neighborhoods you mentioned are all great areas and always in demand however, your budget may not quite meet your expectations. Here is a snapshot of property values for SF:
Feel free to contact me directly for more info or guidance.
Oggi Kashi - 415.690.3792 direct
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted.
(415)-722-6249 / firstname.lastname@example.org
Jeff Tepermeyster, Independent Broker & CEO
If you would like a no-strings expert consult to give you an idea of what you might get in your price range and how to get all your ducks in a row so you are in a position to move quickly if/when you find the right place.
Lance King/Owner-Managing Broker
As with all rentals in San Francisco, it will depend on how much money you put down, the dues in the complex, whether you'll have outside management and what you hope to get out in income. Unless you plan on paying cash, you'll likely end up nearly breaking even, and waiting for time, appreciation and rental increases to increase your investment.
Your best alternative is to contact a local real estate professional who can help you answer this question taking into account your situation and perhaps introduce you to other areas of San Francisco where you may get more bang for your buck.
All the best
Zephyr Real Estate
DRE No. 01188380
Manzar D Azari, MBA, Broker, Realtor
The Azari Group Real Estate, Inc.