Odeon, a collection of 29 two-story loft style homes opened their doors to the general public this weekend. We took a tour and were relatively impressed by the finish of the kitchens and living/dining areas, the closet/storage space, and the character of the building and windows/light. At the same time, we were a bit underwhelmed by the bathrooms (the “tile tub surrounds” seemed out of place) and the “deeded” outdoor space (and potential fishbowl feel) of the third floor courtyard units. (A couple of other notes: bamboo floors on the main level are standard, dryers are vented, and no A/C.)
In general, one bedrooms facing Powell are priced from $780,000 (third floor) to $790,000 (fifth floor), while the larger one bedrooms facing the courtyard (~1,500 sqft) are priced from $879,000 to $905,000 (third and fifth floors). There are also two one bedrooms which face O’Farrell for which we do not have pricing, and rumor has it the three bedroom “penthouse” was priced around $2,000,000 (but has been reserved).
There is no parking in the building (two years of pre-paid leased parking in the garage at Ellis and O’Farrell is included in the sale), it’s another case of B.Y.O.R. (bring your own refrigerator), and HOAs are expected to run around $600 a month.
As far as sales activity, we’ve been told that fifth floor penthouse, the corner unit on the third floor, and the courtyard showroom unit on the third floor have all been reserved. (We haven’t confirmed any other sales.) Closings and occupancy and are expected to commence within the next four weeks, and there are no restrictions with regard to resales or rentals.
∙ New Developments: Odeon (181 O’Farrell) [SocketSite]