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August 20, 2012

What You Can Buy in SoMa

South of Market is a popular neighborhood for young professionals looking for proximity to freeways, downtown and nightlife. Here’s a look at three hot properties that just hit the market. I sold condos in two of these buildings in the past, and can vouch for my clients’ satisfaction in both cases:

701 Minna #13
2BR/2BA, 1160 sq ft
Built 1999
22 units

The tri-level, top floor corner unit at 701 Minna #13 features great light and a true window on the city. In addition to versatile space that affords privacy (unusual for loft living), you get an in-unit washer/dryer, deeded parking, additional storage and a shared pano roof deck with a bbq. Homeowners association (HOA) dues are $408/month. 701 Minna is smack dab in the middle of the developing mid-Market area where a new tech hub is transpiring, along with lots of plans for future residential units. There’s a Harvest Market at the corner, and plenty of restaurants within walking distance—not to mention extreme proximity to Market Street and all the public transportation you’ll need. Great for downtown or freeway commuters.

655 5th Street #20
1BR/2BA, 986 sq ft
Built 1999
20 units

The two-level loft at 655 5th Street #20 is well appointed, with shiny finishes and nice natural light. There’s not much of an outlook, but there are plenty of windows. Unique to this unit is an extra large parking space that could potentially accommodate two small vehicles. Though there was HOA litigation pending due to construction defects, that has been settled and reconstruction is about to begin to resolve building issues. (That means you’ll be able to get a loan now.) HOA dues are $440/month. This location is ideal for downtown and Peninsula commuters, as it’s very close to the Caltrain station at 4th Street and King. There are also a ton of restaurants and cafes within walking distance.

380 10th Street #12
1BR/1BA, 789 sq ft
Built 2004
30 units

380 10th Street #12 is situated in the Tenth Street Loft building, a brick and timber property with a lot of style. This unit is in excellent condition, with hardwood floors, a gleaming kitchen, in-unit laundry and nice finishes. There’s also deeded parking and a very cool shared roof deck. HOAs are $352/month. 380 10th Street is right across from Costco and around the block from Bar Agricole. It’s a great location for freeway commuters and for tech workers in one of the many offices scattered throughout SoMa. It’s also not very far from the Mission, which opens a whole other door.

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