October 10, 2008

It's Deja Vu (But Not DJIA) All Over Again: 2170 Pacific Avenue Edition

2170 Pacifc

One official “day on the market” in district seven (be sure to adjust those industry statistics if you're playing along at home). “On Tour as New” and “1st OPEN!” according the listing. And yet somehow strangely familiar. For the second time.

We'll try to lead by example, however, and at least add a bit of information that's actually "new": purchased on 5/27/2004 for $2,350,000. Closing price for the Dow Jones Industrial Average on that day: 9,958. Currently: 8,174 (and falling rising falling).

∙ Listing: 2170 Pacific Avenue (3/3.5) - $3,250,000 [MLS]
At Least Some Of The Photos Look To Be "New" As Well: 2170 Pacific [SocketSite]

First Published: October 10, 2008 11:00 AM

Comments from "Plugged In" Readers

Did we decide there were 4 units in this thing?
With the tanking stock market, this is an impossible sale for anywhere near asking. It's absolutely worth less today than it was back in 2004. Right now, you can easily buy a single family home in district 7 in a better area for much, much less. That said, I haven't seen a single SFH go into contract in the last few weeks.

Posted by: sleepiguy at October 10, 2008 11:37 AM

Too bad it was ever condo-ized. Odd that the number of units isn't mentioned in the listing. But I wonder, if you were able to buy them all would the city allow conversion back to a SFH? Just a hypothetical question.

Posted by: Salarywoman at October 10, 2008 11:59 AM

^ Easy answer.. No..

You can attempt to get a DUM (dwelling unit merger), but the city frowns upon eliminating units. Remember, in SF, you really don't OWN your property...

Posted by: sleepiguy at October 10, 2008 12:04 PM

The building needs a haircut

Posted by: curmudgeon at October 10, 2008 12:55 PM

that long staircase up the side looks kind of dumb, must be access for the upper unit
to bad to take a nice solid bourgeois house and sort of mangle it with such an addition

Posted by: irreverent at October 10, 2008 1:15 PM

is the price tag for 4 units, or just one??

Posted by: ester at October 10, 2008 4:48 PM

3.2 for a "houselike" condo?

There are real houses struggling to get that kind of coin.

This is someone who isn't very serious about selling.

Posted by: tipster at October 10, 2008 5:39 PM

If the condo includes all the main floor entertaining rooms AND the stairway to the next floor up, where are the other units???

Posted by: BobN at October 11, 2008 2:41 PM

The Dow reference is great. This place has been peddled relentlessly on craigslist for what seems like over a year. Good luck.

Posted by: eddy at October 11, 2008 5:26 PM

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