April 18, 2007

It’s All About Upside (And Whether Or Not You Believe)

603 Natoma #307

The neighborhood hasn’t developed (yet), and we can't vouch for the building, but if you buy into in the long-term mid-market redevelopment plan as well as the nearer-term impact of the new Federal Building and the Soma Grand, perhaps our tipster’s words will ring true: “seems like an insane deal” (two bedrooms, two baths, parking, and a wood burning fireplace all for under $600 per square foot).

∙ Listing: 603 Natoma Street #307 (2/2) - $599,000 [MLS]
More Mid-Market Development And Definition [SocketSite]
Just Quotes: Let's Hear It For (Or Against) The Feds [SocketSite]
The Soma Grand: The SocketSite Straight Scoop [SocketSite]

First Published: April 18, 2007 3:30 AM

Comments from "Plugged In" Readers

I do believe this area is going to be radically different in 3-5 years, but can anyone who actually lives in the area shed some light on what it’s like living there right now?

I know it’s rough, but is it simply a dirty/sketchy kind of rough or more of a "I’m constantly in fear of being assaulted" kind of rough?

Posted by: SFSal at April 18, 2007 1:40 PM

I live in the area--Minna between Russ and 7th. Been there three years now and, before that, lived in an apartment on Tehama (about a block south) between 5th and 6th for nine years. It's a dirty/sketchy kind of rough; I have never been nor feared being assaulted--it's just not that kind of a place. While there is a fair share of mostly drug-related crimes, it's (sadly) the poor victimizing the poor for the most part. I feel safe enough to raise my two kids (2 and 8) there. While they do see things I would rather wish they didn't from time to time, the neighborhood is trending up, and that trend is accelerating.

Posted by: Chaz at April 18, 2007 6:20 PM

i live really close, it's dirty sketchy but a LOT better than market 2 streets away and 6th street, one street away, but even those are not super bad, i just wouldnt like my parents to visit

it's mostly quiet, the eyesore is mostly bums sleepin and smell factor, there's little drugs but i do see lots of car windows smashed

Posted by: daniel at April 18, 2007 8:02 PM

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