Real Estate investment in this area of
San Francisco may offer the largest long-term profit opportunities.
This is the last industrial area of San Francisco and as industry
moves out and the clean up and reclamation takes place the construction
of small businesses, homes and condos will draw well-to-do professionals
to property that has been historically depressed price wise
due to the semi-industrial nature
of this part of San Francisco. A real important district for investors as this district is changing some of its industrial areas to high end light industrial and residential areas.
The real estate, apartments and homes you will find in
this area of San Francisco are interspersed with
commercial buildings and factories. Residential
neighborhoods adjoin commercial-industrial neighborhoods.
Here
business scenery merges into retail neighborhoods that turn into neighborhoods
of immaculate single-family homes.
This is one of the least affluent areas of the San Francisco and suffers
from a high crime rate. For a number of reasons this district of the
city has not gone through the process of gentrification.
Bay View, Bayshore, Hunters Point, India Basin, Bret Harte and Apparel
City are neighborhoods in this working-class district. Bay View is
home to a number of historic San Francisco sites including the Opera
House and the Yerba Buena Center for the Arts. Streets here run among
the hillsides winding their way through Victorian style homes in the
more residential areas of this district.
There is a mixture of single-family homes, apartments and factories.
The main commercial strip for this area is Third Street. The price
range of homes in this area is from $275,000 to $700,000.
Hunters Point The Hunters Point neighborhood has a unique microclimate
offering residents the warmest section of all of San Francisco. Real
estate in this area of San Francisco sits on a sunny peninsula with
coastal breezes. A home here will give you spectacular coastal views.
Because of the lowest cost of real estate in San Francisco this district
has the highest percentage of home ownership in the city.
Hunters point homes fall inside the boundary of Evans Avenue to the
north, San Francisco Bay to the east, Palou Avenue on the south and
Mendell Street on the west. Hunters Point is a flat lowlands area
that was created by constructed by using earthquake debris and other
demolition materials to fill the lowest areas of this low lying area
and extending the shoreline. This flat section as it continues inland
rising to a ridge with an incline that varies from moderate to steep.
The latest constructions in this area are contemporary condominiums
and townhouses. Some warehouses have been renovated and turned into
artist’s studios.
India Basin is a neighborhood that has received some infusion of funds from the government with assistance in clean up and redevelopment.
The
development plan here was created to develop
useable sites for light manufacturing companies. The completion of
this redevelopment plan helped add 33 new industrial buildings, 91
useable acres for building ventures and 7,500 new jobs.
The Bayshore area is comprised of the neighborhoods of Candlestick
Park, Candlestick Cove, Hunter's Point and Bret Harte.
Candlestick Cove is one of the nicest areas in this district as the
neighborhood was originally constructed the skilled administrators
and craftspeople at the Hunters Point Naval base. The Candlestick
Point Recreation Area provides welcome natural relief from the fragmentally
industrialized neighborhoods of Bay View – Hunters Point.
The construction of housing on the south side of Candlestick Park
has begun and pricing targets professionals. There are homes here
resting on hillsides offering grand views of San Francisco Bay. In
the lower flatlands housing is mainly single-family detached units
with many older fixer-uppers. There are also a large number of well
cared for homes here.
