A three-bedroom, two-bathroom home built in 1924 in an upscale San Francisco neighborhood saw its value drop after the property recently for sale hit a major snag.

The single-family home on North View Court in Russian Hill was listed for sale on Zillow two weeks ago for $488,000. That looks like a bargain considering other homes on the cul-de-sac are worth well over $1 million, with one nearly $3 million.

But any buyer would have to wait decades to move in because there is a tenant living there who is only paying $416.67 a month in rent and isn't going anywhere for a while.

“The tenant's current lease appears to grant tenants strict restrictions on the amount of long-term rent, unconventional methods of rent payment, and potential occupancy rights through 2053,” the Zillow listing states. “This is an “as is” sale and the seller hereby reserves the right to decline, counter, and/or accept any offer. Seller and broker do not guarantee access to the home and STRONGLY recommend buyers review the seller's disclosure package/addendums and consult with a San Francisco landlord-tenant attorney BEFORE making an offer.”

The previous owner of the house was over 100 years old and died of natural causes in the house, the ad continues.

Despite the home's “handsome exterior” and Edwardian architecture, its list price of $488,000 is well below Zillow's Zestimate of $526,500, according to the New York Post, and well below its $1.5 million valuation just last month, a drop of more than 60 percent.

Last week, the house was still attracting a long line of potential buyers, local television reports said. That may be because the listing touts the house as an “excellent investment opportunity for just the right buyer.”

Douglas Lee, a real estate agent at Compass, told the Los Angeles Times that the house was an opportunity to “save land” or postpone use of the property for a long time.

“You sit there and wait until the tenant either dies, moves out or the lease ends,” he told the Times. “Once that happens, you can realize a lot of your potential. This is a really good purchase for people with trust funds. If you buy it for your child who is zero or one year old, you know that in 18 years they will be ready for you to realize it.”

The comparatively low real estate prices contrast with the general housing market, which has become increasingly unaffordable, especially in areas like California.

Nationwide, existing home sales prices rose to a new record high in May, even as supply increased. In addition, buyers now need to put down about 35 percent, or nearly $128,000, to afford a typical home, according to Zillow.

The story goes on

Meanwhile, high housing prices are having a “feudalizing effect” on California as policies to limit urban sprawl have pushed up property prices, according to the annual Demographia International Housing Affordability Report, produced by Chapman University in California and the Frontier Centre for Public Policy in Canada.

This story originally appeared on Fortune.com

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The house in Presidio Heights that belonged to San Francisco most expensive listing is now the city’s best sale of the year. So did the $34.5 million sale of 3450 Washington Street ties the biggest sale of 2022.

The deal “underscores San Francisco’s continued appeal as a global city,” Compass listing agent Antoine Crumeyrolle said in an emailed statement confirming the closing price. Joseph Lucier and Stacey Caen of Sotheby’s International Realty represented the buyer.

The realtors would not identify the buyer or comment on the negotiations surrounding the six-bedroom, 8.5-bathroom home, which was renovated from the ground up by the sellers, a cloud-computing billionaire couple Mark Armenante and Young Son. According to public records, they bought the property in 2014 for $18 million from University of Phoenix founder John Sperling and his son Peter.

In a previous interview when the home was first listed for $45 million in SeptemberCrumeyrolle didn’t name the Vlocity co-founders as sellers, but said the home is on the market because the owners own a lot of property and aren’t using it.

He slashed the price by $5.5 million in late November, making the 1930s French Normandy-inspired home still the most expensive housing listing in San Francisco. The deal was finalized at the end of January and the sale closed on March 7th.

At 9,500 square feet, the deal comes in at about $3,600 per square foot.

The closing of the city’s priciest sale — at a $10 million discount off the original list price, but the same amount as last year’s priciest sale — is another indication that luxury buyers are coming out of their hibernation and sellers are now price flexible enough to capitalize on the renewed enthusiasm.

San Francisco’s The first $10 million sale of the year closed just a few weeks ago. It was listed at $13.5 million in June and closed at $11.2 million in February. Steven Mavromilhas from Compass just added the Cow Hollow home next door for $8.9 million, saying buyers and sellers are taking those first few sales of the year as an indication the market may be heading towards equilibrium. That means transactions are likely to pick up, he specifically said compared to the trickle of sales At the end of last year.

“As sellers are beginning to lower their expectations of buyers, there is now a market again,” he said.

Continue reading

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When it first went on the market two months ago, 3450 Washington St. was the most expensive home on the market in San Francisco at $45 million. Now, fresh from a $5.5 million price cut, this $39.5 million Presidio Heights mansion could be yours — meaning it’s still the most expensive single-family home you’ll buy in town can.

The 9,865-square-foot mansion is historic, built by Albert Farr in the 1930s. Farr was a prolific California architect whose designs are scattered throughout the Bay Area, most notably at the Spanish Colonial Piedmont Church and the Parker Houses on Russian Hill, alongside a variety of impressive homes in San Francisco’s most prestigious neighborhoods.

3450 Washington Street was priced at $45 million but was recently reduced by $5.5 million. It’s still the most expensive offering in San Francisco.

Christopher Sturman

In the case of 3450 Washington St., Farr chose an inspiration from French Normandy. Farr’s vision is very much alive in the house’s grand facade and impressive bones, but the interiors are fresh. According to official marketing for the property, “The property has been completely redesigned…and recently renovated ‘down to the studs’.”

3450 Washington Street was priced at $45 million but was recently reduced by $5.5 million. It’s still the most expensive offering in San Francisco.

Christopher Sturman

In its renovated incarnation, the mansion includes six bedrooms, seven bathrooms and three toilets. Other amenities include two chef’s kitchens, a cigar room, a temperature-controlled wine cellar for up to 3,000 bottles, silk wallpaper, heated floors and a wood-paneled library.

3450 Washington Street was priced at $45 million but was recently reduced by $5.5 million. It’s still the most expensive offering in San Francisco.

Christopher Sturman

The mansion sits on a 9,600 square foot lot in Presidio Heights with stunning views of the bay.

3450 Washington Street was priced at $45 million but was recently reduced by $5.5 million. It’s still the most expensive offering in San Francisco.

Christopher Sturman

Despite the apparent opulence of the offer, the home failed to find a buyer for its original $45 million demand. However, people have shown interest, according to Compass listing agent Antoine Crumeyrolle, who told SFGATE: “We’ve had over 15 showings in the last 60 days, which is excellent for a house at this price point.”

3450 Washington Street was priced at $45 million but was recently reduced by $5.5 million. It’s still the most expensive offering in San Francisco.

Christopher Sturman

The price drop, Crumeyrolle said, “is a sign that buyers know that sellers are serious about selling the house sooner or later.”

The discounted price also leaves San Francisco without a single-family home that’s listed at over $40 million. The Washington Street mansion now tops a list of notable properties costing over $30 million, including the Ken Fulk-enchanted Birch home on Billionaires’ Row, which is asking $35 million; and the $32 million Michael Taylor “California Look” mansion at Sea Cliff.

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When it first went to market two months ago, 3450 Washington St. boasted a price tag of $45 million, the most expensive home on the San Francisco market. Now, fresh from a $5.5 million price cut, this Presidio Heights mansion could be yours for $39.5 million — which means it’s still the highest-priced single-family home you can buy in the city.

The 9,865-square-foot mansion is historic, built in the 1930s by Albert Farr. Farr was a prolific California architect whose designs dot the Bay Area, notably in the Spanish Colonial Piedmont Church and the Parker Houses on Russian Hill, among a plethora of impressive homes in San Francisco’s most prestigious neighborhoods.

3450 Washington Street boasted a price tag of $45 million but recently underwent a $5.5 million price cut. It’s still San Francisco’s most expensive listing.

Christopher Sturman

In the case of 3450 Washington St., Farr chose a French Normandy inspiration. Farr’s vision is very much alive in the home’s grand facade and impressive bones, but the interiors are fresh. According to the official marketing for the property, “The estate has been completely reimagined … and recently renovated ‘down to the studs.’”

3450 Washington Street boasted a price tag of $45 million but recently underwent a $5.5 million price cut. It’s still San Francisco’s most expensive listing.

Christopher Sturman

In its renovated incarnation, the mansion encompasses six bedrooms, seven full bathrooms, and three half-baths. Additional amenities include two chef’s kitchens, a cigar room, a temperature-controlled wine cellar for up to 3,000 bottles, silk wallpaper, radiant heated floors and a wood-paneled library.

3450 Washington Street boasted a price tag of $45 million but recently underwent a $5.5 million price cut. It’s still San Francisco’s most expensive listing.

Christopher Sturman

The mansion rests on an almost-9,600-square-foot lot in Presidio Heights with gorgeous bay views.

3450 Washington Street boasted a price tag of $45 million but recently underwent a $5.5 million price cut. It’s still San Francisco’s most expensive listing.

Christopher Sturman

Despite the clear opulence on offer, the home did not find a buyer for its $45 million original ask. People have shown interest, however, according to listing agent Antoine Crumeyrolle of Compass, who told SFGATE, “We have had over 15 showings in the last 60 days, which is excellent for a house at this price point.”

3450 Washington Street boasted a price tag of $45 million but recently underwent a $5.5 million price cut. It’s still San Francisco’s most expensive listing.

Christopher Sturman

The price cut, said Crumeyrolle, “is a sign to let buyers know that the sellers are serious about selling the house sooner than later.”

The discounted price also leaves San Francisco without a single-family home listing over $40 million. The Washington Street mansion now tops a list of notable properties asking over $30 million, including the Ken Fulk bedazzled Birch home on Billionaires’ Row, asking $35 million; and the Michael Taylor signature “California Look” mansion in Sea Cliff, asking $32 million.

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SUNNYVALE (KPIX) — We’re used to the Bay Area’s hot real estate market leaving us shocked, but recently the sale price of a home in Sunnyvale surprised even the real estate agent.

“By far the craziest thing I’ve ever experienced,” said Joe Polyak, agent at Rise Homes.

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The 1,300 square foot, three bedroom, two bath single family home on Flin Way just sold for $823,000 over the original list price.

Polyak said the house next door recently sold for $2.6 million and he valued his client’s home at around $2 million.

He was stunned when it sold for $2.68 million.

“I could never have imagined that,” said Polyak. “It’s crazy.”

He said he received 35 bids the day he opened it up for bids.

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Gary Shapiro, the Shapiro Group’s senior agent at Keller Williams in Los Gatos, said the cause of the current skyrocketing Bay Area home prices is high demand and low inventories. He believes the strong seller’s market will continue into 2022. Shapiro expects inventory to improve slightly, but he still won’t keep up with demand.

“We’re at a point where inventory is at an all-time low I’ve seen, and this is my 37th full-time year as a real estate agent in Santa Clara County,” Shapiro said.

He also said Polyak used a concerted strategy to ignite the bidding war frenzy over the Sunnyvale home.

“When we are in a seller’s market, most brokers recommend a low, conservative bid price, knowing that demand will generate multiple bids and prompt buyers to raise the price,” Shapiro said. “I think the agent and seller should be perfectly happy with the final sale price for such a small house.”

“We did, and we always do, by listing it a little bit lower,” Polyak said.

He listed the home at $1.83 million and knew it would spark a bidding war, but he never imagined how high buyers would go.

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“We didn’t expect that, and neither did the sellers, which of course was very surprising,” Polyak said.

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SAN FRANCISCO, CA / ACCESSWIRE / October 15, 2021 / Oncology Pharma Inc. (OTC PINK: ONPH) According to the previously announced news release, Oncology Pharma, Inc. (the “Company”) has selected the services of DBBMcKennon, LLC, a PCAOB certified accounting firm. The company has engaged the company to conduct a review of its financial data to comply with SEC reporting standards with respect to its intended NASDAQ capital market listing. The management team has worked diligently to bring the company into an environment where it can support the dynamism, growth and movement of the company with an eye to the future.

DBBMcKennon is a full-service, PCAOB Registered Certified Public Accounting company providing auditing, tax and advisory services to individuals and corporations through its offices in Newport Beach, San Diego and Santa Monica, CA.

A company spokesperson said, “We look forward to working with DBBMcKennon and the prospect of being on the list.” More will follow as soon as important events are available.

ABOUT ONCOLOGY PHARMA, INC.

ONCOLOGY PHARMA, INC. (OTC PINK: ONPH) (the “Company”) is currently engaged in the research and development of therapeutics for oncology and is proud to have a world-class advisory board that keeps the Company at the forefront of developing cancer research, biotechnology and healthcare.

FORWARDING STATEMENTS

Certain of the matters discussed in this release contain forward-looking statements that involve material risks and uncertainties in the company’s business that could cause actual results to differ materially from those anticipated in the statements herein. These risks and uncertainties include risks associated with licensing agreements and joint ventures, including the need to negotiate the final arrangements for the relationships; possible lack of expected benefits from business relationships; and the cost of providing funding for these relationships. Other risks and uncertainties relating to the company include, but are not limited to, current negative operating cash flows and the need for additional funding to fund our operating plan; the terms of any further funding, which may be highly dilutive and contain onerous terms; unexpected costs and operating shortfalls and lower than expected sales and revenues; uncertain willingness and ability of customers to adopt new technology and other factors that may affect further market uptake; unfavorable economic conditions; adverse results of legal proceedings; the volatility of our operating results and financial condition; Inability to attract or retain qualified management personnel, including sales and marketing personnel; our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to potentially license from other patents and patent applications required for product development; the company’s ability to execute its long-term business plan for various uses of its technology; the company’s ability to enter into agreements with any necessary marketing and / or sales partners, as well as with strategic partners or joint venture partners; the effects of competition; Obtaining and maintaining all necessary regulatory approvals for applications of the Company’s technology; Management of growth; and other risks and uncertainties. This is not a solicitation to buy or sell any securities and is not intended to be an analysis of the company’s financial condition.

The story goes on

CONTACTS:
For more information, please contact Oncology Pharma at:
One Sansome Street, Suite 3500
San Francisco, CA 94104
Phone: 415-869-1038
Fax: 415-946-8801
Website: www.oncology-pharma.com
Email: info@oncology-pharma.com

SOURCE: Oncology Pharma Inc.

View source version on accesswire.com:
https://www.accesswire.com/668304/Oncology-Pharma-Inc-Has-Engaged-a-PCAOB-Audit-Firm-Looking-Towards-Moving-the-Company-Towards-a-Senior-Listing

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SAN FRANCISCO, CA / ACCESSWIRE / October 15, 2021 / Oncology Pharma Inc. (OTC PINK: ONPH) According to the previously announced news release, Oncology Pharma, Inc. (the “Company”) has selected the services of DBBMcKennon, LLC, a PCAOB certified accounting firm. The company has engaged the company to conduct a review of its financial data to comply with SEC reporting standards with respect to its intended NASDAQ capital market listing. The management team has worked diligently to bring the company into an environment where it can support the dynamism, growth and movement of the company with an eye to the future.

DBBMcKennon is a full-service, PCAOB Registered Certified Public Accounting company providing auditing, tax and advisory services to individuals and corporations through its offices in Newport Beach, San Diego and Santa Monica, CA.

A company spokesman said: “We look forward to working with DBBMcKennon and the prospect of an uplisting.” More will follow as soon as important events are available.

ABOUT ONCOLOGY PHARMA, INC.

ONCOLOGY PHARMA, INC. (OTC PINK: ONPH) (the “Company”) is currently engaged in the research and development of therapeutics for oncology and is proud to have a world-class advisory board that keeps the Company at the forefront of developing cancer research, biotechnology and healthcare.

FORWARDING STATEMENTS

Certain of the matters discussed in this release contain forward-looking statements that involve material risks and uncertainties in the company’s business that could cause actual results to differ materially from those anticipated in the statements herein. These risks and uncertainties include risks associated with licensing agreements and joint ventures, including the need to negotiate the final arrangements for the relationships; possible lack of expected benefits from business relationships; and the cost of providing funding for these relationships. Other risks and uncertainties relating to the company include, but are not limited to, current negative operating cash flows and the need for additional funding to fund our operating plan; the terms of any further funding, which may be highly dilutive and contain onerous terms; unexpected costs and operating shortfalls and lower than expected sales and revenues; uncertain willingness and ability of customers to adopt new technology and other factors that may affect further market uptake; unfavorable economic conditions; adverse results of legal proceedings; the volatility of our operating results and financial condition; Inability to attract or retain qualified management personnel, including sales and marketing personnel; our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to potentially license from other patents and patent applications required for product development; the company’s ability to execute its long-term business plan for various uses of its technology; the company’s ability to enter into agreements with any necessary marketing and / or sales partners, as well as with strategic partners or joint venture partners; the effects of competition; Obtaining and maintaining all necessary regulatory approvals for applications of the Company’s technology; Management of growth; and other risks and uncertainties. This is not a solicitation to buy or sell any securities and is not intended to be an analysis of the company’s financial condition.

CONTACTS:
For more information, please contact Oncology Pharma at:
One Sansome Street, Suite 3500
San Francisco, CA 94104
Phone: 415-869-1038
Fax: 415-946-8801
Website: www.oncology-pharma.com
Email: info@oncology-pharma.com

SOURCE: Oncology Pharma Inc.

View source version on accesswire.com:
https://www.accesswire.com/668304/Oncology-Pharma-Inc-Has-Engaged-a-PCAOB-Audit-Firm-Looking-Towards-Moving-the-Company-Towards-a-Senior-Listing

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Market Manager – San Francisco, CA

Goal setting

Flying Embers is looking for a market manager who is hardworking and highly motivated to oversee the daily sales and distribution through wholesalers and retailers in San Francisco / San Mateo. The ideal candidate will have experience in the alcoholic beverage industry with an emphasis on wholesalers relationships, retail fulfillment, customer service and field service to further build Flying Embers as the alcohol leader that is better for you. The Market Manager reports to his Regional Director of Sales.

Core tasks

• Daily interactions between wholesalers with management and the sales team to achieve sales and distribution goals.
• Manage the key account base for sales and distribution with a minimum service standard of at least 160 calls / month.
• Coordinate incentives and sales campaigns
• Administration and execution of the national Flying Embers programs, chain mandates / permits and notification programs.
• Ensure the proper marketing of products and point of sale materials in your market according to our branding standards.
• Conduct staff training, beer tasting, and other events as needed.
• Assisting the Regional Director in managing orders and stock levels.
• Work effectively within brewery and budget guidelines.
• Use sales tools (VIP, KARMA, Nielsen, IRI, etc.) effectively.
• Recap KARMA weekly accomplishments and follow the wholesalers
• Coordinate with the wholesaler (s) on ways to close commitments.

Knowledge, skills and abilities required

• Understanding of the 3-tier system
• Confident handling of Excel, PowerPoint, Office
• Customer service oriented.
• Strong oral / written communication and computer skills, detail-oriented
• Excellent judgment, professional maturity and responsible decision-making.
• Team player with a strong work ethic and initiative
• Ability to demonstrate reliability and work in a fast-paced environment, ability to multitask.

Education and work experience

• At least 2 years of business-to-business sales experience required.
• First experience in the alcohol business is desirable.
• Bachelor’s degree in business administration or marketing preferred

Flying embers offers very competitive wages determined by experience and other factors. The position is entitled to exceptional medical, dental and visual coverage for corporate holdings and relocation in addition to qualifying.

Position snapshot

Employment type: full-time

Job type: Not exempt

Salary type: salary

Supervisor: Regional Director of Sales

Preferred location: San Francisco

Minimum education: Bachelor’s degree preferred

Minimum experience: 2-3 years

Age requirement: 21 years or older

Tools and equipment used: Standard office equipment

Physical and mental demands

Required to routinely and repeatedly lift up to 55 pounds and maneuver 170 pounds. Stand, sit, walk, climb, balance, stoop, kneel, crouch, crawl, stoop, speak, hear, taste, smell, see and operate objects, tools and controls. Regularly exposed to damp, wet environments with hot liquids, airborne particles, chemicals and moving machinery. You must have the physical and mental strength and endurance to perform tasks in sometimes extreme environments, as well as the ability to deal with the stressors of the position. You must be able to travel by car, plane, or train.

Equal opportunity:

We are an equal opportunity employer and we do not discriminate against employees or job applicants based on race, color, gender, age, national origin, religion, sexual orientation, gender identity, veteran status, or on the basis of disability or other federal, state or other local protection class.

The employer reserves the right to change this position or reassign it to other duties as business requirements change.

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In a city where property prices often seem irrational, listing certainly offers a cheap alternative for bargain hunters.

To see the vacant lot, you need to overcome some natural barriers.

The site is clearly off the beaten path but gives you the opportunity to enjoy recreational fishing.

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And for the weather? Sunny and mild with some fantastic views.

The only caveat is that the 1.1 acre property is submerged and located three blocks east of Candlestick Park.

The property was bought by Trent Zhu a few years ago.

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We asked the owner what he was up to with it when he originally bought the land.

As a daytime real estate agent, Zhu recalls that he had no plans for the property at the time; it was good business.

“I didn’t see the property myself,” says Zhu.

He bought his land at auction in San Francisco County for less than $ 5,000 about six years ago. The asking price is $ 75,000 today.

So far, Zhu has no buyers, but people are certainly curious.

Resident Mary Gutekanst had no answer when asked if she would consider buying the property other than a roaring laugh.

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“Maybe build it above sea level and stand on stilts or something,” says Mark Corsetti, who knows the area well.

Zhu hopes another pier could be added to the San Francisco waterfront.

“Like a pier, a stadium,” suggested the owner.

A stadium, he said? That can be a good investment as a certain baseball team is now threatened with building a ballpark outside of Oakland.

Here’s another revelation; Zhu owns several other underwater properties.

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“It’s just one thing at a time, if someone wants to buy more, I can sell more, that’s just one thing,” the real estate agent clarified.

At the moment, Zhu says he’s just testing the water.

“It owns a piece of San Francisco and is buying in the future,” he added.

Nothing beats a good sales pitch.

Copyright © 2021 KGO-TV. All rights reserved.

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