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Exposed Brick and Timber for $462K

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The Mill Building at 720 York was originally constructed in 1879 as a woolen mill by architect William Curlett, and was converted into live/work lofts in 1998 by Pfau Architecture. Unit #208 is a 1-bed, 1-bath, 552 square foot unit that landed on the market 24 days ago with an asking price of $475,000, which is $26,000 less than what it was purchased for in 2005. Shoot forward to present day and it just received a modest price shave of $13,000, brining down the asking price to $462,000. We're seriously swooning over the vaulted and open wood beam ceilings. Monthly HOA dues are $344.73. Dear readers, what's wrong with this unit? Why can't it catch a buyer?
· 720 York #208 [Redfin]
· The Mill Building [Pfau Architecture]

The Mill Building

720 York Street, San Francisco, CA