While not as exclusive as 2006 Washington, the penthouse of which is now on the market with a $45 million price tag, the twelve-story “Alta Plaza Apartments” building at 2500 Steiner Street is equally iconic and its twelve full-floor cooperative units infrequently trade hands.
Purchased for $1.465 million in June of 1994, the third floor of the Alta Plaza Apartments building, a typical 3,500-square-foot unit which has been remodeled but not “modernized,” returned to the market priced at $8.8 million in March of 2018.
Dropped to $7.8 million after a few weeks on the market, relisted for $7.4 million in 2019, reduced to $7.15 million last year, and then further reduced to $6.995 million this past March, the sale of 2500 Steiner Street #3 has now quietly closed escrow with a contract price of $6.5 million or roughly $1,857 per square foot.
The unit above (2500 Steiner #4) last traded for $5.25 million, or exactly $1,500 per foot, in 2004 while the building’s penthouse (2500 Steiner #11) last traded hands for $7.8 million ($2,229 per square foot) in 2007.
And while the Pac Heights building has long been known as a bastion of San Francisco’s power Democrats, based on a review of the sale documents, it would appear as though the buyer of the third floor recently co-founded a PAC “to find and support center-right Republican women to run for federal elected office,” which might make for some (equally) interesting rides in the elevator.
I wouldn’t be surprised if today’s center-right used to be center-left 20 years ago without changing a single stance.
The opposite is far more likely (i.e., these people were simply “right” 20 years ago, and not “center” at all). The party of Trump/McConnell is far more right than the party of W. Bush, so views previously seen as standard for the party are now denigrated as moderate.
certainly if you are in SF and a mod democrat, you are often called a republican
Does “exclusive” – as in “not as exclusive as” – meaning anything more than expensive?