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Subject:Re: Re '91 Westy value
From:Benjamin Tan
Date:Tue, 10 Jul 2001 22:22:53 EDT

In a message dated 7/10/01 7:11:47 PM Pacific Daylight Time,
steeles@HORIZONVIEW.NET writes:

<< And of course SF IS a premium paying kind of place.

 Perhaps I could ship some of my apartment rentals out there....$1500 for a
 one bedroom!? >>

Stephen,

He is understating the rental value. My client rented out Summer Sander's old
digs in the Marina for a teensy bit more than what we originally had it
rented for. It's a one bedroom next to the local health club. Used to rent
for $2400. Now it;s rented for $3700.

It is such an awful building too. One of the things the former owner had to
disclose was that the floor shakes at about 7-730pm weekdays -- sorta like a
simulated earthquake. That's when they're having step-aerobics next door at
the Marina Health Club.

I can't complain I'm a landlord in SF. When you play slot machines, you don't
wanna play the nickel slots all day, right?

from the VW bus capital of the world
BenT
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