Even though rents across the city are plunging, and condo prices are taking hit, there are a ton of homes on the market in SF right now. And this $650,000 fixer-upper in Visitacion Valley is proof that reasonably priced SF real estate usually means something is terribly, terribly wrong.
If you’re handy and know your way around a Lowe’s, this airy "three-bedroom, one-bathroom" Visitacion Valley home at 625 Girard Street is an interesting prospect — but it’s far from habitable in its current condition. With barely anything aside from the frame, roof, and foundation intact, this 120-year-old property is a blank slate to build from.
At 750 square feet, similarly sized homes (that are move-in-ready, mind you) in the neighborhood routinely go for well over a million dollars according to Zillow.
So, if you’ve got over a half-million-dollars just burning a hole in your pocket — and you’re savvy with nailguns and table saws — this fixer-upper could prove to be a profitable flip. The current selling price, too, is over $200,000 lower than its list price around this time last year; the property was previously on sale for $888,888 in November of 2019.
And given that the home was built in 1900, it’s a potentially historic property that could maybe see itself into the next century... given some proper TLC. (It's unclear how much of the original structure might need to be preserved, or if it can be torn down.)
You can read more about this 625 Girard Street listing on realtor.com.