As the city’s real estate market soars, the all-too-rare instances of utter affordability in San Francisco are headline-worthy events. Take, for example, this humble studio in SoMa seeking a mere $399,000.
First, the good news: 520 Natoma, #12 comes with an eat-in kitchen with dishwasher, its own bathroom with shower and tub, updated flooring, and 11-foot ceilings. What’s more, the building, a cool blue stunner, is a circa-1911 Edwardian. Gorgeous.
And now, the not-so-good news: It’s inside a 12-unit tenancy-in-common building, so things will be tight. And then there’s the issue of its location at Natoma at Sixth Street, an area of concern that’s been down on its luck for decades. However, as Vanguard listing agent Roger Heffner points out, “Neither of these should be a problem for a sophisticated urbanite.”
Nevertheless, it’s still a great neighborhood that’s full of denizens who cherish the area and the people in it. And it’s also a couple blocks away from BART and Muni. Not too shabby when you think about it. Let’s hope SF sees more of these pint-sized dwellings with this kind of price tag hitting this decade.