CFAH

Articles Recently Tagged: Dwelling Unit Merger

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A Mega Merger and New Mansion in Pacific Heights

A Mega Merger and New Mansion in Pacific Heights

Purchased as a vacant 7-unit building for $4.95 million in 2009, the 14,000-square-foot structure at 104 Presidio Avenue, which sits on the border of Pacific and Presidio Heights, was effectively gutted, remodeled and a new seven car garage was added below. The approved permits and plans for the multi-million... Read More »

Gutted Four Seasons Condo Fetches $3.3 Million

Gutted Four Seasons Condo Fetches $3.3 Million

Purchased for $3.42 million in 2006, the 2,757-square-foot unit #22A on the twenty-second floor of the Four Seasons Residences at 765 Market Street returned to the market listed for $5.95 million at the end of 2014, after which it was gutted and reduced to a shell following its approval... Read More »

Pac Heights Compound Fetches $18.1 Million

Pac Heights Compound Fetches $18.1 Million

Purchased as a legal three-unit building for $7.3 million in early 2014 and then gutted, merged, expanded and “restored,” 2476 Broadway returned to the market listed as a “Stately Pacific Heights Compound” for $22 million this past May. Reduced to $19.5 million in August, the property was in contract... Read More »

A $2.5 Million Price Cut for that Stately Pacific Heights Compound

A $2.5 Million Price Cut for that Stately Pacific Heights Compound

With the asking price for the remodeled view-home next door having been reduced by $2 million (13 percent) last month, the asking price for the “Stately Pacific Heights Compound” at 2476 Broadway has just been reduced by $2.5 million (11 percent) as well. Once again, purchased as a legal... Read More »

Protecting the 1 Percent from $5M Apartments on Russian Hill

Protecting the 1 Percent from $5M Apartments on Russian Hill

Listed together for $5.5 million in October of 2013, the Royal Towers (1750 Taylor Street) one-bedroom unit #804 and adjacent, but not connected, two-bedroom unit #805 sold for a combined $4.6 million in January of 2014. From the listing at the time: “Combine these 2 apartments and have amazing... Read More »

Asking $22 Million for a Stately Pacific Heights Compound

Asking $22 Million for a Stately Pacific Heights Compound

Purchased as a legal three-unit building, which had long been used as a single-family home, for $7.3 million in early 2014, an application to merge two of the three units was approved, the building was gutted, and “2476 Broadway” has just returned to the market as a contemporary 9,340-square-foot... Read More »

Unfinished Pac Heights Flip Fetches $4.7M

Unfinished Pac Heights Flip Fetches $4.7M

Purchased for $4.1 million in December of 2014 and relisted for $6.5 million the following September along with plans to transform the legal 3-unit building into a contemporary 7,000-square-foot home, “designed to be used as a single family residence,” the sale of 2620 Buchanan Street has closed escrow with... Read More »

Another Million Dollar Cut for That Four Seasons Super Unit Shell

Another Million Dollar Cut for That Four Seasons Super Unit Shell

Asking $5.95 million at the end of 2014, the 2,757-square-foot unit #22A on the twenty-second floor of the Four Seasons Residences was reduced to a shell following its approval to be merged with the adjacent unit #22B to create a 3,600-square-foot “super unit,” and its price was subsequently reduced... Read More »

Glen Park Owl House Fetches $2.95 Million with Plans

Glen Park Owl House Fetches $2.95 Million with Plans

Designed by architect Jeremy Kotas and dubbed the Owl House, for reasons beyond simply being perched high on a hill, 140 Laidley Street quietly traded hand in 2009 for $2.35 million. In addition to the modern two-bedroom house which features an open floor plan, soaring ceilings, a rather distinctive... Read More »

Unaffordable Housing Threshold Hits $1.63 Million in San Francisco

The value at which a residential unit in San Francisco is now considered to be “demonstrably unaffordable and financially inaccessible” by the City’s Planning Department has just been raised to $1.63 million, up from $1.51 million and versus $1.34 million in 2013. The demonstrably unaffordable mark, which is set... Read More »