September 25, 2009

Another "Diabase LLC" Debacle As 1417 15th Street Returns?

1417 15th Street: Kitchen in 2007

Asking $3,750,000 for the one bedroom but 8,200 square foot BIG HOUSE studio in early 2007, but then subsequently reduced to $3,250,000, an off-the-MLS sale of 1417 15th Street was recorded in the amount of $3,065,000 to "Diabase LLC" at the end of that year.

Re-listed in November for $3,295,000 ("Buy, Sell, Repeat, Retire"), but it failed to sell. Back on the market in the Mission today and asking $2,750,000.

And perhaps it’s purely coincidence, but as a plugged-in reader notes, a "Diabase LLC" purchased 1756 North Point down in the Marina for $1,920,000 in April of 2007. It sold again for $1,575,000 in May of 2009.

∙ Listing: 1417 15th Street (1/2.5) - $2,750,000 [MLS]
Picture This: One Big One-Bedroom [SocketSite]
Two Relatively Big Reductions (Two Absolutely Big Properties) [SocketSite]
Another "Real" Apple Closes Escrow In The Marina: 1756 North Point [SocketSite]
A Rather "Real" Apple On The Tree In The Marina: 1756 North Point [SocketSite]

First Published: September 25, 2009 11:00 AM

Comments from "Plugged In" Readers

I guess this would qualify as an overstock item.

Posted by: EBGuy at September 25, 2009 11:39 AM

Beautiful space, if I just had 6 cars to fill it up!

Posted by: Rumble at September 25, 2009 12:36 PM

Is it a condo? Single-family home? Commercial space? They've got it listed as all three in the MLS. That is a tough location for such a high price.

Posted by: insidesfre at September 25, 2009 3:34 PM

First a $3m castle in Hunter's Point, now a $2.75m studio in the Mission? Whodathunk.

Posted by: lolcat_94123 at September 25, 2009 6:48 PM

Posted by: eddy at September 30, 2009 5:45 PM

While the asking price hasn't changed, for those who like to gawk at industrial spaces, the listing photography for 1417 15th Street has been updated and expanded.

Posted by: SocketSite at November 12, 2009 2:59 PM

The listing for 1417 15th Street has been withdrawn from the MLS without a sale.

Posted by: SocketSite at December 2, 2009 1:07 PM

Fitting that this property should pop up the same day that the Noe firehouse one does.

Posted by: anonn at December 2, 2009 1:14 PM

1417 15th Street has been listed once again, now asking $2,650,000.

Posted by: SocketSite at January 26, 2010 10:28 AM

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