Burned San Francisco House Hits Market For Whopping $800,000 - NBC Southern California

Burned San Francisco House Hits Market For Whopping $800,000

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    Burned San Francisco House Hits Market For Whopping $800,000
    Caldwell Banker
    A burned house at 121 Gates Street in San Francisco is up for grabs for $800,000.

    A San Francisco house that was “completely gutted” by a fire is on the market for about $800,000 – staggering evidence of the Bay Area’s worsening housing crisis.

    Located at 121 Gates Street in the Bernal Heights neighborhood, the 600-square-foot house offers one bedroom and one bathroom. It was built in 1907 and boasts views of the San Francisco Bay, according to the Coldwell Banker listing.

    This list of attributes doesn’t take into account the fact that the house, which sits on a 1,746-square-foot lot, was badly damaged in a 2016 fire. No one was injured.

    Photographs of the house show stairs leading up to a charred house where sunlight streams through a window, highlighting charred walls, mangled appliances and interiors that are burned beyond recognition or repair.

    However, in a city where housing stock cannot keep up with skyrocketing demand, the fire hasn’t detracted from the house’s appeal. In fact, realtor Jim Laufenberg told Business Insider that its price tag – $1,331 per square foot for a total of $799,000 – is on the low side. The seller did so intentionally to generate interest, he said.

    The house, which will need to be overhauled, is being billed as fixer upper.

    “Contractors! Fixer! However, great location North of Cortland with all its amenities,” its listing reads.

    NBC Bay Area has reached out to Coldwell Banker and is awaiting a comment.