845 Montgomery #PH1

While it didn’t find a buyer last year when listed at the same price, Penthouse Number One atop 845 Montgomery has just returned to the market at $3,150,000.

Purchased for $2,633,000 in April 2008, don’t forget about the $900,000 or so spent on upgrades when it comes to the math or median sales price reports.

∙ Listing: 845 Montgomery PH#1 (2/2.5) – 2,018 sqft – $3,150,000 [MLS]

Comments from Plugged-In Readers

  1. Posted by PPC

    Nice place, but the bedrooms are way too small.

  2. Posted by Tweety

    The bedrooms look like lower deck cruise ship cabins.

  3. Posted by The Milkshake of Despair

    Tweety beat me to it. We must be of similar minds. And that dining room photo reminds me more of a department store than a residence.
    Too much thick tempered glass + chrome + recessed lighting makes a space look like a 1990s era commercial space.

  4. Posted by SJnative

    Looks to me like a high-end showroom. Many beautiful finishes and fixtures, but doesn’t look like it is intended to be lived in.

  5. Posted by Ta hoe

    Not my style, but nice attention to detail; however, good luck getting financing on an unreinforced masonry building…….

  6. Posted by The Milkshake of Despair

    Ta hoe – Weren’t UMBs required to be reinforced or razed some time in the 1990s ?

  7. Posted by sfrenegade

    “however, good luck getting financing on an unreinforced masonry building…….”
    Is this unreinforced? There is visible steel in the bedrooms — I like the cruise ship comparison as well. It does look like a commercial space, like Milkshake and SJnative said.

  8. Posted by lolcat_94123

    That 3-piece photo from Verigo is awesome. Anyone have any idea where I could get something like that?

  9. Posted by lofty

    Lolcat, many places provide this service. Search for “print digital image on canvas.” You can get a digital image by, for example, doing a screen capture from your computer screen.

  10. Posted by Mike R

    I had a 4 picture set done by these guys and was very happy with it.
    The best part about printing on canvas is that it makes just about any source material look like “art.”

  11. Posted by The Milkshake of Despair

    Funny, I saw that listing photo 3/37 of canvas photos and thought “What purpose does this have in the listing?” since it reveals nothing about this property.
    There a purpose : to help us find a source for this sort of print 🙂
    Recently someone asked to print one of my photos on canvas. I’m not an artist but thought “Nooooo!” because I think canvas prints look tacky. Maybe I need to change my thinking.

  12. Posted by lol

    No purpose?
    Just like people look for Carlotta’s tombstone, people look for Scotty’s faves in the City.

  13. Posted by jlasf

    Actually, both the interior and exterior of Ernie’s was re-created on a soundstage by Hitchcock for “Vertigo.” In fact, they brought down Roland and Victor Gotti, the actual owners at the time, to appear in those scenes.

  14. Posted by Ta hoe

    regarding the UMB, yes, while it has been retrofitted, there is still tons of brick and the MLS listing still says “unreinforced masonry” under “construction”. Come the next big one, while it may not all cruble to the ground, you will still have tons of issues. If a lender will lend, it would typically be at 60% of land value on the building, so likely neds to be an all cash buyer.

  15. Posted by CuriousGeo

    So this raises the question of what UMB really means. There are tons of old brick buildings in the Bay Area where the brick is no longer load-bearing. Structural weight is borne by a retrofitted steel endoskeleton, but the walls themselves are made of conventional brick and mortar. Are all of these structures considered UMB?

  16. Posted by Ta hoe

    while they may comply with the UMB retrofit code requirement, i think that was more of a public safety concern than maintaining teh building integrity. I am not an engineer, so I could be wrong, but i am a lender and we will not touch building with brick. Brick facade and occationally a brick foundation in certain areas, but any structural brick (even with reinforcing) is off limits and we just look at land value….since you are likely looking at major repairs or total demo after a large earthquake.

  17. Posted by The Milkshake of Despair

    I think I see your point Ta hoe : that though a UMB has been retrofitted that was done for evacuation safety rather than to ensure that the building is habitable post-quake.
    I believe that the same is for modern buildings meeting quake code though I’m sure that there are many shades of gray between being evacuation-safe and habitable post-quake.
    Like CuriousGeo I’d also like to know what UMB means these days.

  18. Posted by SocketSite

    The list price for 845 Montgomery PH#1 has just been reduced to $2,950,000. Once again, purchased for $2,633,000 in April 2008 and with a self-reported $900,000 spent on upgrades since.

  19. Posted by SocketSite

    The listing for 845 Montgomery PH#1 has been withdrawn from the MLS after another 117 days on the market without a reported sale.

  20. Posted by lolcat_94123

    Wish we still had the pic of the Vertigo art.
    [Editor’s Note: We aim to please.]

  21. Posted by lolcat_94123

    SS FTW!! Nicely done. Such a cool piece; I’m really considering blatantly hijacking it for my place. Thanks!

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