Pac Heights Apartment Fetches a Mere $3,860 per Square FootJune 5, 2017
While 10 percent under its $24.5 million asking price, the eighth floor of the überexclusive Pacific Heights building at 2006 Washington Street has traded hands for $22 million or roughly $3,860 per square foot.
Designed by Conrad Alfred Meussdorffer in 1924, the full-floor cooperative apartments at 2006 Washington overlook the Spreckles Mansion, Lafayette Park and the Bay.
The 5,700-square-foot unit #8 was originally occupied by Dean Witter (think Dean Witter Reynolds) and the unit below (2006 Washington #7) quietly traded hands for $16 million in August 2014.
And of course, the slightly smaller “penthouse” unit two floors above (2006 Washington #10) sold for a record-setting price of well over $5,000 per square foot two years ago, a citywide record which still stands today.
Comments from Plugged-In Readers
Just beautiful…wish I had the money to live in that building!
I think it’s funny how everyone gushes over the building, while it would never be permitted to be built today (and the people who love it would be the first in line to oppose it).
And could only be lived in by people far far more wealthy than anyone renting a “luxury condo”.
It is a beautiful unit. But such high prices per square foot are of course due to limited supply. Supply limited by City policy. A policy subject to change with a new generation poised to take over….
I’m sure if we just increased the supply of luxury Pac Heights co-ops with panoramic bay views then they would be affordable to every barista, but our NIMBY city planners refuse to do eminent domain on those Pac Heights mansions so that we can build up.
The building and views are lovely, but that unit is worse than a set from the original Dynasty. Proof that $$$ cannot buy taste.
You do understand that the furniture is not part of the sale? The unit itself is classic and refined and nothing like anything from the show Dynasty. The furniture may be dated and not everyone’s cup of tea but it still appears to be expensive antique furniture. Regardless, it is not included with the unit, so the new owners will decorate the unit as they see fit, and most likely redo the unit in a contemporary style.
and would that include leaving behind the faux furniture radiator covers? Unlikely to be able to update the old steam heating system
I barely noticed the radiators–they are not really an issue. But, if the buyer has $22 million to buy the unit, he or she has more than enough money to rip them out and put in radiant heating. Again, the only issue I see with the unit is the decor, which is easily solved with new furniture and some fresh paint.
Oooo, a white box up in the air…
This has always been one of the best coops in San Francisco, especially the floors that are higher than 2000 Washington. It was said that they were both built for the executives of Spreckles own company.
The furniture does not appear to be period antiques. Bad taste would be to remove the interior architecture.
Who bought it?
With respect to the record-setting sale of 2006 Washington #10 (which still stands today): Nearly $6,000 per Square Foot in Pac Heights (Two Years Ago)
Wow. If anyone ever wanted to highlight a spectacular apples-to-apples gain on an individual property, this would be it.
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