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Bernal Heights : Real Estate Advice

  • All39
  • Local Info4
  • Home Buying23
  • Home Selling1
  • Market Conditions2

Activity 38
Wed Jun 1, 2016
Karen Peyton answered:
Honestly, you should really speak with a highly qualified tax professional about this. I wouldn't risk thousands on free advice when 3 to $500 will give me "book and verse!"

Good luck! ... more
0 votes 1 answer Share Flag
Wed Jun 1, 2016
Maryathomas64 answered:
I was asked a question I believe I know the answer too but wanted to get a verification.
A client owns a building and the business and is retiring. His financial advisor wants to reinvest the money from the sale of the business and building on a 1031 exchange to an investment group that buys commercial buildings.

1. I believe you can not 1031 exchange the sale of the business at all. And if you could it would have to be for another business (like for like).

2. Selling the building then putting that money in with a real estate investment group MAY be ok if they invest in commercial buildings. This would be retail or office building. Not apartments. BUT it may have to be directly exchanged for another building. Not put into an investment. Now that I write it I think the investment thing won't work.

Can you chime in on this?
... more
0 votes 1 answer Share Flag
Thu Feb 11, 2016
Florence Monzasch answered:
Hello,
I am a broker specializing in Bernal Heights. I have a lovely listing it's an in law apt, just coming up. Will be in the 1 million range. Let me know if you are interested. flomostudio@gmail.com
There is no Whole Foods in Bernal, however, they do have a great natural food store on Cortland street, which carries a lot of daily needs. The neighborhood has gentrified a lot in the past 10 years, and is in very much demand. I have worked and lived in this neighborhood for thirty years, and know it inside and out.
Tap me if you need more information
Florence Monzasch
... more
0 votes 10 answers Share Flag
Fri Feb 21, 2014
kellylongosf answered:
I wish I knew about this area sooner! I've lived in SF for 15years and have moved 12 times. I've lived in most districts in the city, including SOMA, upper Haight, Nob Hill, Pacific Heights, Western Addition, Mission/Dolores, Not-So-Tenderloin, Cole Valley, Glen Park & Twin Peaks / Upper Market, (to name a few)... by far my favorite place is Bernal. Great weather, great community, easy access to everything including frwys, parks, restaurants, Bart, etc. You feel a little remote (in a good way), just enough to make you appreciate city living and not having to move your car every 2 hrs, while at the same time can get to the hottest new restaurant on Valencia street in 5 minutes. ... more
0 votes 1 answer Share Flag
Thu Jan 30, 2014
Lance King answered:
It is available in the public records but we don't give that out. You can go to the assessor's office and look it up if you want.
0 votes 4 answers Share Flag
Wed Dec 4, 2013
Christopher Pagli answered:
Check out www.FindASpring.com. it's a collection of fresh water springs all around the world. I haven't had tap water in a year!
0 votes 17 answers Share Flag
Mon Nov 11, 2013
Lisa Vukovic answered:
SF is not really a pool party type place, that would be more Vegas or Palm Springs. But there are cool rooftop spots such as Jones (620 Jones), Lolinda (2518 Mission St) and Hotel Vitale's bar Americano which are some of the hot spots on a sunny day in the city! ... more
0 votes 3 answers Share Flag
Thu Oct 10, 2013
Ronny Budiutama answered:
Hi Patricia,
You can see the rental market on your area by going to http://www.rentometer.com. It would be better to hire a property management as the tenant's law in the city might overwhelmed you.

All the best for the house rental.

Please let us know if you have any questions.

http://www.RonnyBudiutama.com
... more
0 votes 4 answers Share Flag
Mon Apr 22, 2013
Michael Minson answered:
It's a great time to sell. Inventory is at an all time low and prices are rapidly appreciating. Multiple offers are offers over the asking price are common. The SF unemployment rate is low and many of our residents are directly benefiting from the strong stock market. This means buyers have money to spend. According to the SF Association of Realtors, about 30% of purchases are being made all cash.

If you're a buyer, you need to be aggressive with your price and terms (financing and inspections), make sure you're fully pre-approved with a local lender, and have at least 20% for down payment. Interest rates just dropped again this week and there are some amazing properties on the market (just not a lot of them), so it's a pretty good time to buy, too. It's not impossible to get into the market right now, but it can be frustrating and will likely require writing multiple offers to get a property.
... more
0 votes 3 answers Share Flag
Mon Apr 8, 2013
Seanf answered:
The trolley near my apartment is just unbearable. So I would go with noise control!
1 vote 1 answer Share Flag
Mon Mar 25, 2013
Eric Michael Abrams - California Real Estate Broker answered:
Why would you want to build in this market? You can buy for pennies on the dollar compared to what it would cost to build, in this "multi-unit economy."

The prices for multi-unit buildings are at levels no one ever thought they'd return to.

I'd be happy to assist, as would any of those who've answered your question below. But if you're determined to build your own, than there are plenty of opportunities available. Contact one of us, and we'll help you out.

Though, it would probably help if you contacted someone who has a good deal of experience in the construction industry, etc.

I've participated in the building of many Bay Area apartment and TIC units, but so have many other agents. Contact one of us, and we'll guide you through the process.

Good luck! Vacant lots are selling at prices that are even more ludicrous than the existing multi-units I mentioned above, so either way now is a fantastic time to get a deal.

Best,
Eric M. Abrams
510.332.6314 Direct Mobile
Executive Sales, Leasing, and Investment

"The Bay Area's Record Breaking Real Estate Broker!"*

EricMAbrams@gmail.com
California Real Estate Broker
DRE License# 01862927

Highland Partners Prudential
342 Highland Avenue
Piedmont, CA 94611

*Mr. Abrams was the selling agent for the most expensive residential property to close in the history of Oakland, California, breaking the previously held record by a wide margin. Having done so in a distressed real estate climate, makes this feat all the more impressive. Mr. Abrams has also set numerous other real estate records, and has personally represented the most expensive residential listing on the Island of Maui when he listed the private sale of a $120-million estate. As a technology leader in his field, Eric has been able to assist his clients with their real estate needs from thousands of miles away, in locations such as Kenya, East Africa, Bogota, Colombia, Kosovo, and Kazakhstan. While an expert in the field of high-end real estate, Eric maintains an active cliental of first-time home buyers and sellers and treats each one of his clients with professionalism and allots unlimited time to answer all of his client’s questions regardless of their position financially or whether or not they’re actively searching for a home. Mr. Abrams is an expert in finance, was a top-ranked professional road cyclist, and is known by his colleagues and clients to be one of the most approachable and patient real estate brokers in the business. Not to be limited to working in the Bay Area only, Eric routinely assists clients throughout the United States and this year alone has flown to New York, Arizona, Maui, Virginia, and throughout California to assist his clients with their real estate needs. Mr. Abrams can be contacted by phone, e-mail or visited in person at his office, where he is happy to discuss your real estate goals, speak about the market in general, or assist in you and your family in identifying and accomplishing your financial goals as they pertain to your investment in your home or multi-unit commercial building. Having participated in numerous TIC formations and large-scale new construction projects, there are few areas of real estate that Mr. Abrams is not intimately familiar with. Residing in the Bay Area with his wife Andrea and his Dog Berkeley, Mr. Abrams also enjoys running, cycling (although no longer competitively), motorcycling, aviation, hiking, backpacking, and camping. On a personal note: “If I may be of assistance or offer you a second opinion, if you’re already working with a realtor, please feel free to contact me at any time, and have a fantastic holiday season!”
... more
0 votes 4 answers Share Flag
Fri Jan 11, 2013
Helen Yuen answered:
1031 Exchange Rules = "like kind" = the land must be held for productive use in a trade or business or investment.

Yes, vacant land is like kind with all other types of real property.
However, like other properties, in order to qualify for a 1031 Exchange,
the land must be held for productive use in a trade or business or for investment.

Helen Yuen, Open Home Professionals (415) 583-3535
... more
1 vote 1 answer Share Flag
Mon Dec 3, 2012
Lucy Logvinova answered:
It all depends on the area where you live. As en example for San Mateo area $25,000 earthquake coverage for personal property with $750 deductible will run about $220 per year. it's in addition to $140 ro renters coverage. You need to buy this coverage where you have your renters policy. ... more
1 vote 3 answers Share Flag
Wed Jul 18, 2012
Alison Hillman answered:
Hi there-

I'd also recommend that you investigate the safety of the neighborhoods, Trulia's Crime Maps are a great resource:

http://www.trulia.com/crime/

Good luck!
Ali, Community Manager ... more
0 votes 6 answers Share Flag
Sun Jul 15, 2012
gauravmal asked:
kids? 42 Putnam seems like a better area but is a cramped home with little street parking, closer to Cortland shopping but far from Bart. 136 Murray is a better home, closer to Bart and…
1 vote 0 Answers Share Flag
Wed Dec 7, 2011
David Hatch answered:
I lived at 72 Winfield for many years and always felt safe. Its got a really good family vibe and the neighbors are active in keeping that way.
2 votes 2 answers Share Flag
Fri Nov 18, 2011
Morgan Alan answered:
Home prices in Bernal Heights, and in San Francisco in general go up. Yes, they have dipped in recent years. But not as much as other cities in the area, and they will go up again. As an example, a house bought for ~$300K 10-12 years ago, was worth ~$750K-$800K a few years ago, and is still worth ~$600K-$650K today. ... more
0 votes 1 answer Share Flag
Fri Nov 18, 2011
Morgan Alan answered:
There's lots to talk about in Bernal Heights. Great neighborhood feel. Very kid and dog friendly neighborhood. Very near the best Farmer's Market in the Bay Area down on Alemany. Easy access to Hwy 101 and 280. Good public transit options. Parking is better than in most places around the city. Great local branch library. Local parks, restaurants, etc are great! Near famous Mitchell's Ice Cream. ... more
1 vote 2 answers Share Flag
Wed Nov 16, 2011
Sarah C. Bell answered:
This area is close to some bus lines, but is relatively far from the last Mission BART (subway) stop. It can be difficult to get here without a car or taxi (particularly at night - when walking is dangerous as well!). It is a bit more dangerous compared to other areas of the Mission. ... more
2 votes 1 answer Share Flag
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