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Will Flipping Properties in Bayview be the Next Big Trend?

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Multi-unit buildings in the city are selling like hot cakes, and almost always for hundreds of thousands of dollars over asking. Will the same thing happen for 1525 Jerrold in Bayview? The triplex has been completely rebuilt since being purchased in late 2011 for $275K, and is now on the market for a mind-numbing $1.395M. It is definitely the nicest house on the block, and by "nice" we mean "absolutely gorgeous." It was built in 1900, and the exterior still has the bulk of its original charm. To add a bit of curb appeal, the new owners also installed a fancy gate that surrounds the property. The building has three legal units each with their own entrance. The crème de la crèm is the top unit, which is a 3-bed, 2-bath apartment that's being advertised as the owner's quarters. The other two units each have two bedrooms and one bathroom. Also on the property is a big shared backyard and parking for four cars. Readers, think this beauty will find a buyer willing to shell out that kind of cash? San Francisco's a tiny town, so it's not shocking that folks are trying to do flips outside of more popular hoods like Hayes Valley and the Mission.
· 1525 Jerrold [Redfin]
· Bags of Money [Curbed SF]