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Take Me Out To The Ball Game (And Down Third Street) May 20th, 2006

Hello My Favorite People: With all the chatter about Mission Bay and the new housing on Berry and King Streets, it’s easy to overlook the changes afoot just south across the Lefty O’Doul Bridge,in a neighborhood best known as “Dog Patch.”

This colorful slice of San Francisco is set at the base of Potrero Hill’s East side. Its rough borders are Illinois, Indiana, Mariposa and 23rd.. The architecture is a pleasant mix of old workman’s cottages and Victorian flats interspersed with turn of the century brick factories, warehouses and the occasional condominium loft building.

I like Dog Patch because of how the neighborhood sits between Potrero Hill and the Bay. The broad streets and topography create clean, wide open spaces with a tang of salty air coming in from the shoreline.

The neighborhood’s spine is the Third Street corridor, which runs all the way out to the City’s southern border. Lining each side is a variety of small light industrial businesses along with the occasional coffee shop, restaurant or sports bar. Some of the area’s best known businesses are the Hard Knox Café (awesome soul food) on Third at 22nd; Café Cocomo (outdoor tropical bar and night club) on Indiana at 18th ; and the Just For You Cafe on 22nd at Third.

Because the area feels deceptively remote, you can get a little more bang for your buck out here on a loft condominium, with asking prices averaging $650/square foot (compared to $690 in SOMA). A recent check on inventory uncovered units in the $575-650K range for lofts that ranged from about 775-1100 square feet.

This is also a good place to look for a set of flats or a small mixed use building. Paragon just had a good-looking set of flats with parking on Third for sale with five rooms up and a tenant occupied unit down that had possible zoning for office or small business use. Listed for $799,000, it sold very quickly..

My favorite loft building in Dog Patch is 701 Minnesota, a brick warehouse conversion with a lush central courtyard. Two blocks away, another brick building that originally housed a wine cellar (and served as the Esprit Clothing headquarters), is slated for condominium conversion. Plans right now are to turn the property into 142 new condominiums. Another large project is underway on Illinois between 19th and 20th.

One great reason to keep an eye on Dog Patch is the new light rail system which is slated to open later this year. Once completed, Muni trains will roll you swiftly right into the CalTrain station at Townsend and 4th. The new line is also beautifying the neighborhood, with broad median strips and new curbside landscaping.

But don’t expect Dog Patch to become the next South Beach. In spite of the cosmetic changes, the City is committed to keeping this stretch zoned light industrial. It’s unlikely that Third Street will become a real pedestrian district offering goods and services within easy walking distance.

Wanna know more about lofts in Dog Patch and the surrounding neighborhoods? Call me and I’ll answer all your questions. And keep me in mind when you’re ready to make a move!

Cece Blase
415-738-7040
www.sfrealestatebuzz.com

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