It's getting harder and harder to find candidates for our Under $500K Club, especially in locations as central as the North Waterfront. The latest listing to fit the bill is a compact little one-bedroom asking $499,000 at 240 Lombard Street, a complex built in 1993 that sits just a block from the Embarcadero. Unit #331 in the building, which is known as the Parc Telegraph, is a compact 525 square feet but is a true one-bedroom, not a studio. There's a decent amount of counter space in the little corner that is carved out as a kitchen and room for a couch and a small table and chairs in the adjacent living room area.
Although the unit itself is small, it comes with perks. The Parc Telegraph building has a 24-hour doorman, a fitness center, spa, and sauna. Entertaining the in apartment itself may be impossible, but there is a club room with full kitchen and bar area for that purpose. Plus, the unit comes with one parking spot. It has also brand-new wood floors inside and a decent amount of light. The yellow paint everywhere is a bit overwhelming, but nothing that a quick fresh coat couldn't fix.