September 25, 2009
Another "Diabase LLC" Debacle As 1417 15th Street Returns?
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
Also for rent @ $14.5/mo
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
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