How have developers and investors in the San Francisco Bay Area been able to compete, take on risk, and make money in our superinflated, ultra competitive real estate market? Here's how: By taking small, neglected properties in high demand locations and expand within a property's envelope to add valuable legal living space. Think attics and basements - excavation and ceiling heights. In Noe Valley, the Castro, Bernal Hts, the Bayview, Oakland, Piedmont, San Mateo, Los Gatos, and Marin - the results have been nothing short of transformative and extremely profitable.