On the Market for $28 Million, and Not on BroadwayNovember 2, 2015
While it hasn’t officially been listed, the recently modernized Pacific Heights mansion at 2250 Vallejo Street has quietly hit the market priced at $28 million, making it the most expensive house for sale in San Francisco at the moment, according to a plugged-in tipster.
Originally designed by the late local master architect James Francis Dunn and built in 1902, the formerly 7,300-square-foot mansion was converted into an eleven-unit building between 1943 and 1968.
In 2009, at which point ten of the units were controlled by the then owners and the one 1,600-square-foot unit in the basement was tenant occupied, an application to merge the ten units across the top three floors of the building was approved by the City.
In 2012, the building was sold for $6.95 million, after which it was gutted, expanded and officially merged into a “two-unit” building (which it legally remains).
And with a new garage, elevator, roof deck and decidedly modern/contemporary interior, the spec home is nearly complete and should officially hit the market soon.
A sale at asking would make 2250 Vallejo Street the sixth most expensive house in San Francisco, behind 2901 Broadway with fetched $28.25 million in 2012; 2799 Broadway which was purchased for $29 million in 2008; 2701 Broadway which sold for $31 million earlier this year; 2840 Broadway which sold for $33 million in 2011; and 2950 Broadway which fetched $35 million in 2013.
UPDATE (11/3): Photos for the remodeled mansion at 2250 Vallejo are now online, along with the official $28 million price tag.
UPDATE (11/4): The official listing and photos for 2250 Vallejo Street have been removed. We’ll keep you posted as to when and where they reappear.
Comments from Plugged-In Readers
The wages of sin is death (Romans 6:23)
And the wages of Dwelling Unit Merger and (the far greater sin of) white-boxifcation is $28 million!
Does anyone have interior photos? I’m assuming since it was cut up into individual units, not much of the historic details were left. Can only imagine how grand and beautiful the interior used to be.
Actually many perhaps most of the single family houses that were used as apartments in Pacific Heights were largely preserved, even if bathrooms and kitchens were squeezed in. I would guess that more damage was done in the latest flip.
That’s a good point. “Apartmentizing” doesn’t necessarily need to strip out character (fireplaces, wood details, bathrooms, etc).
this shows the original staircase intact (at least before the flip). there’s a special place in hell for people who rip this stuff out.
Would someone really rip that out? It’s likely old growth redwood that was made by a carpenter; you can’t replace that kind of craftsmanship. I don’t feel bad when a small dilapidated cottage gets torn down, but when you essentially destroy art it grinds my gears.
They did a fast flip on this one. This had lots of potential so curious to see where this pencils out at the end of the day.
Is the basement tenant gone now?
[Editor’s Note: Yes.]
Just a few thoughts…
The original staircase is gone. Place was a mess, but lots of original details, molding etc… nothing left. The pictures are up for anyone interested. Staging and finishes are surprisingly blah. I find it a little weird that the kitchen island is basically the first thing you see when you open the door. Exterior is lovely.
The Rossi’s owned this place until the current buyer. Judge Newsom was the tenant. Renovation was 2 years, which is standard for this size place. I think the price is fine. Probably better views than outer Broadway because it’s dead center on the bay, just not as high.
Lots of luck to all involved here…
Did they salvage the woodwork?
Last thing, this is basically the white box to end all white boxes… The trend could live or die with this place…
I hope it dies before Mark Pincus’ house trades hands. The amount of amazing detail and woodwork in his house would be a shame to lose.
[Editor’s Note: Zynga Founder Delists Mansion, Plans To Gut And Expand.]
UPDATE: As noted by Denis, photos for the remodeled mansion are now online along with the official $28M price tag.
I get a loading throbber, but nothing else. Tried on numerous browsers, same result. Perhaps the broker pulled it off the site?
Perhaps the broker pulled it off the site?
That’s a bingo!
Do not forget that white-boxification is something done to make money, history be damned.
You can be sure that this flipper and lister were not students of Robert Stern at the Yale School of Architecture, or Barry Bergdoll in Art History at Columbia. Until the local market becomes more sophisticated, they will continue to destroy the interiors of San Francisco.
On the other hand, the leftists now have a majority of the Supes, and such ongoing destruction may motivate them to institute controls. This is not a wish; the wish is that the flipping flippers would become educated enough to preserve what is worth preserving.
UPDATE: The official listing and photos for the unofficial listing of 2250 Vallejo Street have been removed. We’ll keep you posted as to when and where they reappear.
UPDATE: In a move which doesn’t seem to exude confidence in the finished product, but will be spun, access to the listing details and photos for 2250 Vallejo Street have been hidden behind a password, at least for now.
I went to the opening party. The house is spectacular. I always feel uncomfortable saying any listing asking over $15M will get their price – but I think they’ll get their price. Passswords/hidden websites are pretty much the norm for these mega homes, not sure why people are surprised, lol.
While password protected sites certainly aren’t unheard of, they’re definitely not the norm and usually employed when the seller is trying to avoid attention (which typically isn’t the case with a spec home).
Keep in mind that the marketing photos and details for this project weren’t originally password protected. And of all the “mega-homes” homes currently for sale or recently sold in San Francisco, we can’t think of another for which a marketing website, if one existed, has or had been hidden from view (not counting password protected disclosure statements or the like).
Video tour (of the remodeled 2250 Vallejo). Blah.
Video tour removed
The website for the home is back online and unprotected by password.
UPDATE: 2250 Vallejo has just been listed on the MLS with an official “1” day on the market according to industry stats (and no password required).
UPDATE: $3 Million Cut for Modernized Pac Heights Mansion
UPDATE: The sale of 2250 Vallejo Street has closed escrow for $21.8 million.
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