Saus..

The old Portofino Dock
The City has lifted the dock moratorium.
We own two parcels under the water to rebuild the dock

There is a market/deli within the block and many restaurants and shops within walking distance.

The two SF ferries that run every hour to two different ports in SF are a 10 minute walk along the waterfront.

The Golden Gate Bus stop is across the street. Non-stop commuter runs to the Financial District.

A man from New York stated: "This is the best apartment house in the United States - on the water with views of San Francisco."

January 18th, 2008 Average asking rents for apartments in the nine-county Bay Area reached $1,562 during the fourth quarter, up 9.4 percent from a year ago, according to RealFacts.

San Franciscans continue to endure the region's highest average rent: $2,285, up 14.5 percent from the end of 2006, the company said.

The report incorporates only data from housing complexes with 50 or more units. The average figure includes everything from studios to three-bedroom apartments.

Ken Rosen, chairman of Real Estate and Urban Economics at UC Berkeley, attributes the region's escalating rents to two primary causes - a generally strong local economy and an increase in demand for apartments as fewer people purchase homes.

"Renting is a deal compared to buying today because rents haven't gone up nearly as fast as (the price of) houses or condos," he said. In addition, the credit crisis means it's more difficult for many people to find the type of financing they might have used to acquire property during the last few years.

Some people who scribbled their names on apartment contracts years ago are also grappling with rising prices. Landlords enjoying leverage for the first time since the dot-com boom are increasing rents for existing tenants across the Bay Area, at least within the amounts allowed under varying rent control laws.

After six years without an increase, Sarah Lacy and her husband, Geoffrey Ellis, will soon absorb a $300-a-month rent bump for their Potrero Hill apartment. The nearly 14 percent leap, from $2,200 to $2,500, is allowed because the recently built property is exempt from rent control.

Full Story: www.sfgate.com

Sausalito Home Prices: "average price" is $1,905,000.00
Full story: www.westbayre.com/main.html

Right on the heels of record-breaking tourism numbers, San Francisco is poised to have its biggest convention season in at least five years, keeping city hotels filled to the brim.

Next year promises to be by far the most robust for business and leisure travel in San Francisco since the dot-com boom.

Convention business will reach more than 900,000 hotel room nights in 2008, well above the 740,000 room nights booked by conventions in 2007, according to end-of-fiscal-year projections released by the San Francisco Convention and Visitors Bureau.

At the same time, overall tourism should total about 16 million visitors, 2 million more than the last time convention business reached such heights, in 2003.

Taken together, the simultaneous surge in both leisure and convention travel promise a remarkably lucrative year for city hotels, restaurants and shops, likely surpassing last year's all-time record of $7.8 billion in visitor spending.

International travelers are coming to San Francisco to take advantage of the weak dollar, including overseas travelers predominately from the United Kingdom and also, increasingly, Canadian tourists, who have seen their currency reach near-parity with the dollar.

Domestic travel, meanwhile, is up, thanks in part to the trend toward shorter vacations that do not involve airports and airlines, a trend that has helped the Marriott pick up visitors from Arizona and Southern California.

The surge of convention business will compress the market even tighter, particularly when each of four monster shows are in town: Oracle's OpenWorld and the Academy of Orthopaedic Surgeons, Automobile Dealers Association and the American College of Surgeons.

"Finally, San Francisco is back. It took a little while."

Full story: http://www.bizjournals.com/pacific/stories/2007/08/27/daily41.html

2007 Top Tourist Cities - United States:

1. San Francisco
2. New York
3. Charleston, SC

Tourism will keep our economy going in the near and long term.
This will help the rental market.