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April 20, 2015

What You Can Buy: Vacant Units with Uber Charm


I’m a sucker for unique, multi-unit buildings that are spilling over with charm and situated in good locations. That’s why my head turned when I saw 465-467 Barlett (photo, left) in the Mission and 356-358 Douglass in Eureka Valley.

Both properties are vacant and listed for $1,995,000. Though there are TIC prices on each unit, you can expect to have to submit an offer for the whole building on one contract.

Here’s a look at the details:
465-467 Bartlett (at 26th Street)
Built in 1908, this two-unit property is teeming with period details. We’ll start with the exterior; let’s face it, they don’t build ’em like this anymore. No basic glass boxes here—you have actual craftmanship in every eave and window frame. Inside, there are stained glass windows, large fireplace, broad, crystal inlaid pocket doors and built-in hutches.

The building is detached on three sides and is on a large (3,815 sq feet) lot. Upstairs is a 3BR/1BA unit ($1,049,000) and the lower is a 2BR/1BA ($949,000). There’s also a basement level that offers great development potential, and a second garage space accessed via a side driveway.

If that’s not enough space, you can enjoy the carriage house at the back of the lot:

465-467 Bartlett is being sold through a trust sale, but no court confirmation is required. It should be noted that the previous owner passed away on the property.

356-358 Douglass (at Seward)

In the same genre is 1915-built 356-358 Douglass, a three-unit compound in a great setting. The building pictured has an upper unit 2BR/1BA ($699,000) and lower 1BR/1BA ($549,000).

Period details are certainly intact, but the owners have remodeled all the kitchens and bathrooms so you don’t have to. For example, here’s the upper unit kitchen:

The cottage (24 Seward) at the rear of the property is a 2BR/1BA with two levels that represents the third unit ($749,000). This is the cottage:

The owners recently replaced windows throughout the property, and also installed a new roof. The foundation is brick.

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