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A 330-sq-ft former earthquake cottage in Telegraph Hill sells for $765K

When the refugee camps began closing a year after the big 1906 San Francisco earthquake and fires, anyone with a mule and a piece of land could take a U.S. Army-built earthquake shack and make it a home. These tiny cottages were dragged all over the city, but many of them ended up in Bernal Heights and the Sunset—outlying neighborhoods with plenty of room.

But, according to Socketsite, at least one ended up in densely populated Telegraph Hill, where land was already selling at a premium a century ago. Obviously, that trend has only continued and the 330-square-foot former shack at 1448 Kearny Street has recently sold for $765K—or over $2,000 a square foot.

Admittedly, the artist owner of the home has done as much as could be done to make the small single-family feel bigger, from white-washing the fir floors to raising the ceiling to adding a loft bedroom to making room for a walk-in closet. (Check out the gallery above for some impressive before and afters.) But even so, that price per square foot is pretty astounding considering that the average price per square foot in the neighborhood is about half that.

However, it is rare to find a condo in the neighborhood south of $1 million, and single-family homes in Telegraph Hill are practically nonexistent. So, even with the small footprint and no real room to expand, the sellers seemed to have no problem finding a buyer. It was listed in late September at $679K and closed less than a month later for nearly 100K over asking, netting the new owners a pricey piece of San Francisco history and honorary membership into the Tiny House Movement.

Emily Landis, SF Gate

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