April 25, 2013
What You Can Rent For $17,500 A Month In San Francisco
As plugged-in people know, the 4,162 square foot Lighthouse Lofts unit #308 was created by combing three adjacent units and 1097 Howard Street #308 is also known as #307.
And as a reader notes, the two-bedroom loft #307 is now being offered for rent fully furnished with "flexible 1-2 month lease terms," which are key, for $17,500 a month.
We'll let you run the numbers, but don't forget to include a vacancy factor if you do.
∙ Listing: 1097 Howard Street #307 (2/2.5) 4,200 sqft - $17,500/month [mcguire.com]
∙ 1097 Howard #308 Shines Some Apples To Apples Style Light [SocketSite]
∙ The SocketSite Scoop On 37 Raycliff Terrace (A.K.A. 2799 Broadway) [SocketSite]
∙ The Lighthouse Lofts Apple Of Our Eye Returns (1097 Howard #308) [SocketSite]
First Published: April 25, 2013 8:00 AM
Comments from "Plugged In" Readers
Thats less $ per square foot rental than the SF Archstone Apartments properties. What a great business!
Posted by: john at April 25, 2013 10:28 AM
I don't know how the kids today can afford to rent in the city. In the mid 90's I had a friend with a cool loft on the 1400 block of Howard that was paying $800/month (and just about every 2 bedroom apartment in Cow Hollow and the Marina was under $1,000/month)...
Posted by: FormerAptBroker at April 25, 2013 11:14 AM
the cool kids are heading to Oakland. That is unless they work for Google, Facebook, etc.
Posted by: curmudgeon at April 25, 2013 11:50 AM
Vacancy factors of 10% work for average properties in a market. Even for San Francisco, $17,500 monthly is rare air.
One to two month lease? 50% vacancy factor, if not more.
Posted by: BillyBalls at April 25, 2013 3:11 PM