November 4, 2010
Slevin Seven: The Penthouse Atop 1001 California
The highest full-floor unit atop the William Randolph Hearst built Beaux Arts building at 1001 California is poised to publicly hit the market. Purchased for $2,972,500 in June 2006, new lighting, integrated A/V, and a new kitchen have all been added to the 2,731 square foot number seven since (i.e., the sale won't be perfectly "apples-to-apples").
Asking $3,500,000. A few more photos and listing details should hit the web soon.
As plugged-in people know, the 1,500 square foot one-bedroom number eight at 1001 California which is currently being overhauled closed escrow in August 2009 for $1,185,000 having been listed for $2,495,000 and purchased for $1,460,000 in June 2000, while the 3,640 square foot full-floor and fully renovated number three was withdrawn from the market without a sale in October 2009 last asking $6,300,000 (down from $7,500,000).
And as we first reported last year by way of a plugged-in reader: "Plans are afoot to convert the empty ground floor restaurant space, which has had multiple failed attempts, most recently Beaucoup in 2002, into two multi-level condos...by noted Pac Heights architect Butler-Armsden." Having stalled out for a few months, construction on the two units has recommenced.
UPDATE (11/5): Additional photos and details are now online and linked to below.
[Full Disclosure: The listing agent for 1001 California #7 advertises on SocketSite and provided images upon our request (but no compensation) for this post.]
∙ Listing: 1001 California #7 (2/2.5) 2,731 sqft - $3,500,000 [penthouseonnobhill] [MLS]
∙ One Expensive One-Bedroom In A Beaux Arts Building We Love [SocketSite]
∙ A Full 1001 California Floor Which Would Have Made Vincent Friia Flip [SocketSite]
∙ From Reduced To Closed In Fourteen Days For 1001 California #8 [SocketSite]
First Published: November 4, 2010 3:15 PM
Comments from "Plugged In" Readers
Let's not forget the $4500 HOAs, + Property tax makes this place very expensive. Still, love the building. Just not the economics.
[Editor’s Note: It helps to be blessed with ataraxia if you’re going to buy in the building...]
Posted by: eddy at November 4, 2010 4:12 PM
Oh my god !
Posted by: meep at November 4, 2010 4:37 PM
That backsplash, which looks cheap and suburban, really clashes with that copper hood.
Posted by: shza at November 4, 2010 4:49 PM
Ataraxia. I was going to say something like its better to be blessed with a boat load of cash / trust fund. :-)
Posted by: eddy at November 4, 2010 4:59 PM
Imagine having to splash that much...
Posted by: BobN at November 4, 2010 7:24 PM
Beautiful. Thank you for sharing the pictures of places I would never get to see otherwise. Always a pleasure to stop by this blog.
Posted by: dkzody at November 4, 2010 8:19 PM
Posted by: StockBoySF at November 4, 2010 8:34 PM
Wow!. Now THIS is a luxury condo. Those pictures are amazing.
The skylight is stunning.
I'm in love so far except for that backsplash.
Compare the feel of this to the "luxury" of ORH as example.
Posted by: ex SF-er at November 5, 2010 5:42 AM
Posted by: tipster at November 5, 2010 8:30 AM
Before another realtor lists some cookie cutter condo as 'luxury', they should have to look at these pictures. 'Luxury' isn't just another word for new.
Posted by: Marcie at November 5, 2010 8:35 AM
It's always amazing to me that Socket Site readers will look at a beautiful living space and make the sole comment that they don't like the backsplash. If you can afford the $3.5 million price tag and don't like the backsplash you can simply just change it.
Posted by: Mr. B at November 5, 2010 8:57 AM
And it's always amazing to me when people focus on the one negative reaction among many more very positive ones to make their (somewhat obvious) point.
And add a +1 for the "Gorgeous" crowd.
Posted by: cherrypicker at November 5, 2010 9:26 AM
Sorry, I just found it incongruous(though not amazing) that given how tastefully done everything else is, that's the backsplash they installed. Not a big deal. Hardly amazing. And I'll repeat for emphasis: the rest of it is very tastefully done and attractive (esp. the skylight).
Posted by: shza at November 5, 2010 10:48 AM
"Compare the feel of this to the "luxury" of ORH as example."
"'Luxury' isn't just another word for new."
This is my biggest problem with what's often marketed as "luxury." Basically it means that they bought commercial-type kitchen appliances and are providing other flipper-type furnishings as standard on new construction and then charged too much for it outside of a housing bubble.
Posted by: sfrenegade at November 5, 2010 11:24 AM
I will admit to being distracted by the suburban backsplash myself. But, oh, that range hood. It really is lovely.
Posted by: kthnxybe at November 5, 2010 12:03 PM
These older, historic building are much warmer and feel more luxurious than the cold/cool newer construction buildings marketed as luxury. Personally, I like both and see merits to both.
Posted by: eddy at November 5, 2010 1:46 PM
UPDATE: Additional photos and details are now online and linked to above.
Posted by: SocketSite at November 5, 2010 2:00 PM
Beautiful place. I actually do find the backsplash rather astonishing, though. It's not as if you need to look for it...it just kind of jumps out at you.
Posted by: Crash at November 8, 2010 7:52 PM