Purchased for $4.95 million in August of 2016 and listed for $5.498 million this past January, the south-facing, 2,172-square-foot Penthouse Two, which isn’t to be confused with the Grand Penthouse Two, atop The Pacific at 2121 Webster Street, has just resold for $5.395 million, up 8.9 percent on an apples-to-apples basis from the third quarter of 2016.

At the same time, the 1,360-square-foot, two-bedroom unit #603 at The Pacific, a south-facing view unit one floor below, “on the highest floor below the penthouses,” which was purchased for $2.995 million in August of 2017, has just resold for $2.975 million, down 0.7 percent on an apples-to-apples basis from the third quarter of 2017.

And the index for Bay Area condo values, which is down around 4 percent from peak, over the same periods of time? It’s up 13.4 percent and 5.7 percent, respectively.

Comments from Plugged-In Readers

  1. Posted by anon2.5

    This would have been better as a two bedroom with a large living area . . .

    That living room is claustrophobic.

    • Posted by civ-e

      also a bit odd that the primary bedroom is smaller than the … secondary and tertiary bedrooms.

      • Posted by Mao

        No it isn’t. The master bed runs the full depth of the unit and includes a full bath and walk-in closet. The other two rooms are bisected by the hallway.

        The building prior to renovation was a dental school and set on a rigid (10′-0″?) grid. Theses units are fairly massive, but only appear small in plan without a furniture layout for scale

        • Posted by shza

          2,172 square feet for a 3BR is not “massive.” And I agree that living room looks claustrophobic *in the picture of the living room, staged with furniture.*

          I’m sure what civ-e meant was that the main “room” part of the master suite — before it turns into an internal suite hallway, bathroom, and closet — is smaller than the other two bedrooms. All-around weird and cramped design. Not what I’d spend $5.3M on in SF.

  2. Posted by haighter

    This “penthouse” branding has gotten out of control. What I see here is a unit with a single aspect and a generic floor plan. You walk right into the kitchen from the entry, no foyer, just like any random new-build high rise unit. And do people ever actually use those fancy bathtubs?

    • Posted by Moratorium

      The worst is when they market a “penthouse” in a two or three-unit building. WTF?!? Or use “master suite” in a one-bedroom!

  3. Posted by Sassy

    I LOVE this rendition of bay windows!

  4. Posted by Zasa Zasa Gabor

    I must agree about “penthouse” misuse. Penthouses originally were the topmost contained space on top of/above the roof, i.e. mechanical/elevator equipment, stairwell tops, and any other incidental enclosure for habitation. Now realtors proclaim the top floor(s) unit(s) as penthouses. Snob appeal anyone?

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