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Chinatown : Real Estate Advice

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Activity 7
Wed Mar 20, 2013
Jae Ng answered:
I believe it will be around 2016 or 2017
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Sun Jan 6, 2013
sfdragonboy answered:
Well, it used to not be that way. Unfortunately, generations of people have simply moved out to the avenues or burbs so there simply is not enough business and/or foot traffic to justify keeping places open at night. With the influx of young non Asians to the area, perhaps there could be a rebirth of the area. The planned for Chinatown subway station could be the spark that starts that rebirth. ... more
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Sat Jan 5, 2013
sfdragonboy answered:
As someone who was born and raised in this area, I'll provide some insight.

Long, long time ago Chinatown was bustling into the wee hours as there were plenty of restaurants and movie theaters for the Chinese community. However, generations started moving out to the avenues or burbs and the final nail was the downing of the freeway that led to Chinatown.

The only drawbacks to this area is that the buildings tend to be older and street parking is pretty much non-existent. While there isn't any major chain grocery stores in Chinatown, there are plenty of mom and pop Chinese markets that are very reasonable. I know of many people who still come to Chinatown for grocery shopping. The big draw to this area is the relative closeness to the Financial District, Downtown and North Beach. You have to admit, the idea of being able to roll out of bed at the very last minute to walk to work is pretty nice and very cost effective. Weather in this part of the city tends to be relatively warmer than other parts of the city as well.

My family owns a building in this area and quite frankly there are a lot more non Chinese college grads running around now. It is practically a frat/sorority row in some parts. The last time we listed an available flat, we literally received a hundred emails within a day.

It will be interesting to see what happens to the area once the Chinatown subway station is done. Chinatown certainly won't go away but hopefully it will transform as investors come in and/or owners continue remodeling their properties as a result of the higher values and rent levels.
... more
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Wed Nov 30, 2011
Liza Mock answered:
This area of town borders several different neighborhoods, your surroundings change enormously from block to block. You will be walking distance to Chinatown, North Beach, and Downtown. For the most part, prices here are on the low side, and most of the housing consists of large apartment buildings. Getting places is easy whether you walk or drive, because everything is close by-the freeway, bart, muni and all sorts of bus lines. If you like art galleries or are a student at the Academy of Art, this is also a great place to live. Walking on the street, you are likely to meet people dressed in suits, art students, or tourists looking for the gates of Chinatown or Union Square. While there is a fair amount of noise from traffic during the day, it is quiet at night. ... more
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Tue Oct 25, 2011
Trulia asked:
What did you wish you knew before moving here?
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Tue Oct 25, 2011
Trulia asked:
Is this area safe or dangerous? What types of crimes are committed? Are there any intersections or streets that should be avoided?
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Tue Oct 25, 2011
Trulia asked:
Are home prices in Chinatown going to appreciate or depreciate? What are the current market conditions for buying or renting?
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