December 18, 2006

Not For The Faint Of Heart (Or Wallet)

1232 Treat: Fireplace

The “Italianate Victorian Fixer” at 1232 Treat is not for the faint of heart (or wallet). Seriously. We’re talking about a single family house that's been carved up into five units with two additional units over the carriage house out back (think commercial financing), two protected tenants and two vacancies, and quite a bit of deferred maintenance.

At the same time, we’re talking about an interesting pedigree (built in 1885 by John McCarthy, the masonry contractor who built the Palace Hotel and Mills Building), some beautiful original detailing, and intriguing “bones.”

UPDATE (1/16): The asking price has been reduced to $1,099,000, and as the agent notes, “[t]he property is squarely located *across* the street from Garfield Square Park.” (And a new “soccer field, children's playground and…security cameras installed by the City.”)

∙ Listing: 1232 Treat (7 units) - $1,199,000 [1232treat.net] [Property Statement (pdf)]

First Published: December 18, 2006 12:57 AM

Comments from "Plugged In" Readers

Right across the street from the projects too.

Posted by: Rusty at December 22, 2006 8:30 PM

You may like to note the new price is $1,099,000 with another unit vacant in December for a total of three vacant units.

And for goodness sake, let's get it right if we're going to gossip about a property! The property is squarely located *across* the street from Garfield Square Park. The Folsom/Chavez housing is bordered by 26th, Folsom, Chavez and Harrison. Obviously Rusty never even visited the property first hand to notice the new soccer field, children's playground and the security cameras installed by the City...

Posted by: Michael Ackerman at January 15, 2007 10:52 PM

It's baaaaaaaaaack

Posted by: bext at April 23, 2007 12:45 PM

Still for sale. Lowered to 1.049M, a mere 50K reduction in 3 years, lol!

Posted by: lol at April 12, 2010 4:48 PM

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