New and Venerable Institutions: Homeowner Hell

2845 Broadway
Homeowner Hell: By the end of the 20th Century, San Francisco had become hell for first time homeowners due to inflated real estate costs in the entire region. In 2000, the median home price in the City was nearly $500,000. Because of the struggle for permanent homes it is not unusual in San Francisco to see longtime renter against first time buyer, developer against neighborhood, and native against newcomer, all joined in battle over precious parcels of land. 

Did you ever wonder who had the pick of all the lots? If you blink you might miss the marker that designates the first dwelling in San Francisco. It is usually hidden behind T-shirts and sweat pants in front of a Chinatown gift shop. Even when the store is closed the plaque is partially obscured by a gate. Though most locals and even tour guides are not aware of this marker, Mister SF has uncovered it for you here. The first home in San Francisco was located at the corner of Clay Street and Grant Avenue. The marker is located at 823 Grant.

Detail I

Detail II. In November, 2002, this unfinished 17,500-square-foot mansion at 2845 Broadway in Pacific Heights was sold to 42 year-old billionaire Peter Sperling for $32 million, setting a new record for the most expensive home in San Francisco's history.

Detail III


Copyright 2003 Hank Donat
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