I wanted to update this July 27 post on the value of vacant lots in San Francisco because I have some convenient photographic evidence of how construction crews do their work in such close confines. It wasn't hard to find; there are two projects blocking the sidewalks of Cortland Avenue, just a couple blocks from my house, in the Bernal Heights neighborhood. One happens to be right next to a legendary local bar called Wild Side West.
The house next to the bar is basically just a floating shell now. It's cheaper to keep some portion of the exterior intact because then it's considered a remodel rather than a new structure when it comes to permits.
A block down the street an entirely new house is going up in the narrow space between two buildings.
Here's the original post:
Despite almost 15 years in San Francisco, the real estate market here continues to confound me. While Flint struggles to mow its ever growing supply of vacant lots, San Francisco continues to sell its increasingly rare empty spaces. For insane prices. The 25 X 70 vacant lot pictured above at 842 Moultrie in Bernal Heights is yours for just $399,000. I'm assuming the basketball hoop is not included.