Purchased by a former Cisco Executive for $3.5 million in 2016 with funds that appear to have been acquired by way of an illegal kickback scheme, the 2,888-square-foot townhome unit #108 at The Pacific (a.k.a. 2121 Webster Street) was forfeited to the U.S. Government this past April and listed for $5.225 million in May.

The three-level, three-bedroom, four-bath unit features soaring ceilings, with floor-to-ceiling windows, “exquisite finishes,” and a large private patio off the condo’s great room.

And having been reduced to $4,987,500 a few weeks ago, 2121 Webster Street #108 remains on the market, positioned as a “luxuriously crafted,” “entertainer’s paradise” in a building that offers “quintessential [San Francisco] living to the fullest.”

21 thoughts on “Fraudster’s Luxuriously Crafted Townhome Forfeited, Reduced”
  1. HOA fees are $2,646/month. I guess that’s pretty reasonable for a townhome of this caliber.

  2. that floor-to-ceiling painting of a vagina certainly qualifies as a luxuriously crafted exquisite finish.

    1. I think that’s marble, in a double “book” arrangement. So make that a stone vagina.

      1. Those are huge slabs for a successful double-book. Hat tip to the cutter. And the shipper. And the installers.

        1. I agree 100% . Everyone involved should be very proud of that work . Beyond fist class . I bet not cheap and probably less then 2% of installers can do a job like that . Wow wow

          1. If history of this type of property is a guide then unfortunately the expensive marble detail will soon come down, possibly by the next buyer’s remod team.

        2. I think it’s a 4 slab vagina. Still impressive. I have an 8×4 foot slab that’s a one piece table in a condo.

  3. it’s a great building (very little sound transference) in a great location but that unit is very dark and all the windows are one direction. kinda sad

      1. Most of socketsite is advertising? I don’t see it. But any “articles” in sfgate or sfchronicle seem to be advertising- whether that is writing articles that are just ads for specifics houses or the vast majority of real estate “analysis” where they interview four r/e agents to come to a conclusion.

  4. Odd that they staged it with a bedroom with no bed and an alcove fitted out as a sleeping area when it’s more logically an office. I wonder if the IRS staged it with seized furniture.

    1. Well “logically” the whole place is a dental school. Pretending it’s living quarters is the original twisted logic.

      I guess that’s one counterexample for the folks who doubt we can convert offices to dwellings.

  5. Its really a 2BR and every room – other than the LR has low ceilings – creating a much smaller, compressed feel.


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