Historic Alamo Square fixer mansion for $6.6M

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  • 50b8a 1 Historic Alamo Square fixer mansion for $6.6M


From the outside, this Alamo Square beauty makes a Classic, imposing statement. Photos: MLS

Image 1 of 15 – 930 Grove: historic fixer for $6.6M

From the outside, this Alamo Square beauty makes a Classic, imposing statement. Photos: MLS

From the outside, this Alamo Square beauty makes a Classic, imposing…statement. Photos: MLS

Closer in of detail. Photos: MLS

Image 2 of 15 – 930 Grove: historic fixer for $6.6M

Closer in of detail. Photos: MLS

Closer in of detail. Photos: MLS

Closer still! Photos: MLS

Image 3 of 15 – 930 Grove: historic fixer for $6.6M

Closer still! Photos: MLS

Closer still! Photos: MLS

Grand patio and view beyond. Photos: MLS

Image 4 of 15 – 930 Grove: historic fixer for $6.6M

Grand patio and view beyond. Photos: MLS

Grand patio and view beyond. Photos: MLS

Going inside now. Classical details abound. Photos: MLS

Image 5 of 15 – 930 Grove: historic fixer for $6.6M

Going inside now. Classical details abound. Photos: MLS

Going inside now. Classical details abound. Photos: MLS

Entrance. Photos: MLS

Image 6 of 15 – 930 Grove: historic fixer for $6.6M

Entrance. Photos: MLS

Entrance. Photos: MLS

Entry, stairwell. Photos: MLS

Image 7 of 15 – 930 Grove: historic fixer for $6.6M

Entry, stairwell. Photos: MLS

Entry, stairwell. Photos: MLS

Stairwell detail. Photos: MLS

Image 8 of 15 – 930 Grove: historic fixer for $6.6M

Stairwell detail. Photos: MLS

Stairwell detail. Photos: MLS

One of 33 rooms! Photos: MLS

Image 9 of 15 – 930 Grove: historic fixer for $6.6M

One of 33 rooms! Photos: MLS

One of 33 rooms! Photos: MLS

Close up of chandelier. Photos: MLS

Image 10 of 15 – 930 Grove: historic fixer for $6.6M

Close up of chandelier. Photos: MLS

Close up of chandelier. Photos: MLS

Another of the 33 rooms. Photos: MLS

Image 11 of 15 – 930 Grove: historic fixer for $6.6M

Another of the 33 rooms. Photos: MLS

Another of the 33 rooms. Photos: MLS

Decaying, gorgeous fireplace. Photos: MLS

Image 12 of 15 – 930 Grove: historic fixer for $6.6M

Decaying, gorgeous fireplace. Photos: MLS

Decaying, gorgeous fireplace. Photos: MLS

Another fireplace. Photos: MLS

Image 13 of 15 – 930 Grove: historic fixer for $6.6M

Another fireplace. Photos: MLS

Another fireplace. Photos: MLS

Bird’s Eye View. Photos: MLS

Image 14 of 15 – 930 Grove: historic fixer for $6.6M

Bird’s Eye View. Photos: MLS

Bird’s Eye View. Photos: MLS

33 rooms, in detail! Photos: MLS

Image 15 of 15 – 930 Grove: historic fixer for $6.6M

33 rooms, in detail! Photos: MLS

33 rooms, in detail! Photos: MLS

930 Grove Street, sitting proudly aside the Painted Ladies of Alamo Square, is for sale. Built near the end of the 1800s, this mansion was once a single-family home—and a big family at that: California titan John L. Koster had it built for his wife and seven children.

Koster amassed his fortune acting as president of the California Barrel Company and as owner of the Mount Hamilton Vineyard. He chose San Francisco-based architects Martens Coffey to build this home, impressed perhaps by their work on the Stanyan Park Hotel, not to mention many of the most recognizable homes in Alamo Square, including, according to SF Properties.com, “937 Steiner, 926 Grove, 833, 837 847 Fillmore and 1015 1021 Hayes,” among others.

After Koster’s death in the 1920s, the home found new life as the Jewish Community Center. During WWII, the Feds took control of the property, using its capacious 11,000-plus square feet to provide housing for military personal.

Today’s 930 Grove St.

CurbedSF speculates that it was during that WWII government ownership period that the home was remodeled from a single-family home into a multi-unit. Today’s 930 Grove St. consists of 12 separate units.  Even interfered with so extremely, the original intent of the mansion remains, tending toward the ornate and classical, heavily carved and embellished mantles and inlays, redwood floors,  Corinthian Columns, and stained glass. At the list price of $6,600,000, this might seem like a landlord’s dream property—and it is, but only if that landlord can afford some serious upgrades.

Ah, but what an investment: The official listing write up is exuberant: Rare Developer Opportunity! Includes plans for 12-unit w/ garage parking- (8)Studios/(4) 1-bdrm condos. Ready for build-out. Property delivered VACANT. Potential for premium rent or possible condo/TIC conversion. Separately metered.”

What do you say, buyers? Make it a single-family manse again? Deck out eight studios or four condos? If you had the money, what would you do with 930 Grove?

Anna Marie Erwert writes from both the renter and new buyer perspective, having (finally) achieved both statuses. She focuses on national real estate trends, specializing in the San Francisco Bay Area and Pacific Northwest. Follow Anna on Twitter: @AnnaMarieErwert

Article source: http://blog.sfgate.com/ontheblock/2014/10/13/historic-alamo-square-fixer-mansion-for-6-6m/

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