SocketSite™

You can't hit for the cycle without a homerun.

[Editor's Note: You can when the "penthouse cycle" only includes three units.]

Who is Evan Williams?

People live there???! I thought it was a warehouse.

lol...I like how you can see the palms from your "private" deck

Evan Willams is the founder of Twitter

Nice place but mispriced by $150-200k.

looks like almost 10% of the bldg is up for sale...

Looks like just over 5% (unless there are unlisted ones currently on the market). There are 86 units in the building, 5 are currently listed on the MLS.

601 4th is a good, solid building. I'm sure the Evan Williams connection doesn't hurt the property.

Interesting comment on the PH2 thread:

"A friend lived in PH3 in the late '90s. As much as I like the idea that these are genuine penthouses, unlike 95% of top floor units described as such, there are some real disadvantages to the roof layout. The rocks-covered roof radiates tremendous amounts of heat, it was often stifling out there and in his unit. Also, there was no sheltered path from the elevator to the penthouses, a real inconvenience in wet and windy weather."

Isn't it a little bourgie to call a 4th floor condo a "penthouse"? I mean, maybe if it came with a magazine subscription...

http://money.cnn.com/2009/10/01/news/companies/Twitter_CEO_loft/index.htm?postversion=2009100210

A friend is in contract to purchase a unit in this building. I have been trying to advise the family even though this is a solid building, the timing is not right and that they should wait for another 12-18 months. Thoughts?

They will ignore you.

Then later, when you are proved right they will hate you and you will have lost some friends.

That's why I save my doomerism for anonymous internet chat boards.

No good deed goes unpunished.

agree with diemos. People have even made bets with me (e.g. back in 2008 -- "I bet you that housing prices will only drop for the next 6 months, then they will zoom off into the stratosphere again; you have no idea what you're talking about!"). I say leave it alone -- if they're sold on buying it, you're not going to convince your friend otherwise.

This actually made the Huffington Post, I'm not sure why...

http://www.huffingtonpost.com/2009/10/02/twitter-co-founder-evan-w_n_307596.html

He moved to Noe, anyone know where?

The listing for 601 4th Street #3P is once again active at $1,498,000 ($836 per square foot) while the sale of 601 4th Street #2P closed escrow three days ago at $663 per square ($785,000).