Here are four reasons to consider buying today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 3.7% over the last 12 months. The same report ...Read More
Not far from Nob Hill and just south of Downtown San Francisco, the Tenderloin is a neighborhood that manages to thrive despite its somewhat shady reputation. Once notorious for gaming, prostitution, and speakeasies, the Tenderloin dates back to the California Gold Rush. Today, with one foot in San Francisco’s well-respected theater district and the other in the alternative world of dive bars and a few trendy clubs, the Tenderloin is a culturally and ethnically diverse neighborhood and is listed on the National Register of Historic Places.
San Francisco’s Tenderloin district has a handy location between Downtown San Francisco and SoMa (South of Market), and is home to the UC Hastings College of the Law. Well served by public transportation – bus service travels throughout the neighborhood and Light Rail and BART can be picked up along Market Street – the Tenderloin has easy access to the rest of San Francisco and the Bay Area.
Most of the housing in the Tenderloin consists of single-room occupancy hotels and apartment buildings with studio and one-bedroom apartments. In addition to the hotels and apartments, a handful of condominium and loft developments have been carved out of existing historic buildings, including The Book Concern Lofts and the Marquee Lofts which is housed in what was once a Cadillac showroom located on the edge of the Tenderloin near Downtown and the Civic Center.
Because of the Tenderloin’s gritty reputation, real estate is fairly affordable. Although many of the homes in the neighborhood are rentals, efforts at gentrification have created several reasonably priced options. For an affordable condo or loft in downtown San Francisco, keep an eye on the Tenderloin.
Contact us to find out more about real estate in the Tenderloin District or for assistance buying or selling residential real estate in San Francisco.