We first featured the vintage penthouse unit #12 atop the Art Moderne Malloch Building at 1360 Montgomery Street back in 2009. Designed by Irvine Goldstein and built as an apartment building for Jack and Rolf Malloch in 1936, the building played a role in the 1947 film Dark Passage, starring Bogart and Bacall, and was subsequently converted to twelve condominium units.
Configured as a one-bedroom, one-bath unit on the main floor, with over 700 square feet of outdoor space overlooking the bay and a 200 square foot “bonus” room, with a bathroom and upper terrace on the roof, accessed via a ship’s ladder from the unit’s main terrace, the penthouse quietly sold for $2.2 million three years ago.
Returned to the market listed for “$2,999,999” last September, reduced to $2.4 million after a month on the market and then listed anew for $2.5 million this past March, the “asking price” for 1360 Montgomery Street #12 has just been “adjusted” down to $2.0 million and the listing has been updated to note: “Seller motivated to sell! Offer Deadline is Monday 5/26 (sic, we assume).”
If you think you know the market for classic penthouse units in San Francisco, now’s the time to tell (and/or act).