It’s a plugged-in tipster that notes a pair adjacent condos for sale at 3110 California. Purchased in November 2005 for $967,000, this past September 3110 California #2B returned to the market seeking $979,000.
Reduced and relisted a few times since, they’re now asking $849,900 (12 percent below 2005) for the Pacific Heights two-bedroom as the agent notes “seller ready to sell” and offers the “buyer’s agent” a $2,000 bonus for making the sale.
At the same time, 3110 California #2A which was purchased for $1,000,000 in September 2004 hit the market ten days ago listed for $1,200,000 (20 percent over 2004) and seemingly a little less ready to sell the three-bedroom.
∙ Listing: 3110 California #2A (3/2) 1,270 sqft – $1,200,000 [Redfin]
∙ Listing: 3110 California #2B (2/2) 1,059 sqft – $849,900 [MLS]

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Comments from “Plugged-In” Readers

  1. Posted by El Bombero

    Who doesn’t love a good race to the bottom?

  2. Posted by gallileo

    The only rational way to explain this is that the owner of B is paying the owner of A to make unit B look much more attractive financially.

  3. Posted by EH

    something is extremely wrong with the kitchen in B, the realtor is intentionally hiding a corner and I don’t see a refrigerator.

  4. Posted by Snowball

    “something is extremely wrong with the kitchen in B, the realtor is intentionally hiding a corner and I don’t see a refrigerator.”
    Sold it to unit A for $350,100!

  5. Posted by eddy

    Both overpriced. It will be a costly ending for the current owners. My condolences.

  6. Posted by Rillion

    Maybe the fridge is gone. It might have been where that blank wall space is. Rare is it to find open bare wall like that in the middle of a kitchen.

  7. Posted by lol

    The issue is why the picture doesn’t show the corner. I’ll venture that there’s an unsightly exposed ice maker water connector that’s usually hidden by a fridge and that the photographer didn’t want it in the pic.

  8. Posted by EH

    Yeah, I figured that might be fridge space…but why stage without a refrigerator?! It’s just weird, that’s all, I’m sure the unit is perfectly fine otherwise. :)

  9. Posted by sunnyvalesteve

    I used to have that same cherry veneer floor in my place and ended up replacing it. There are two big problems. First, it’s incredibly soft. Nudge a piece of furniture over an inch or drop your iPhone on it and you’ve made a permanent gouge. Second, it’s incredibly light-sensitive. It starts changing color almost immediately. Within a few weeks all your large, light-blocking furnishings(rugs, sofas, etc.) have created big discolored areas on the floor. If you try to rearrange things a few months later it looks like a checkerboard. This flooring is sold as a premium product but it performs poorly.

  10. Posted by EBGuy

    I’m pulling from PS and the Recorder’s website. YMMV.
    Unit 2B – Purchase price, 2005: $967k (WaMu, $725,250 first). Refi in Dec, 2006 with WaMu. I’m betting they liberated some of their downpayment.
    Unit 2A – Purchase price, [2004]: $1million (WaMu, $700k first). I’m not seeing any refi activity on the Recorder’s website.

  11. Posted by EBGuy

    Unit 3B, which sold for $978k in Oct. 2007, also has a WaMu mortgage. Just sayin’…

  12. Posted by SanJoseRenter

    > also has a WaMu mortgage. Just sayin’…
    So this is the building that single-handedly took down WaMu? Argh matey … :)

  13. Posted by SocketSite

    The list price for 3110 California #2A has just been reduced to $1,099,500.

  14. Posted by SocketSite

    The list price for 3110 California #2A has just been reduced to $1,039,000.

  15. Posted by SocketSite

    The list price for 3110 California #2A has been reduced to $999,000.

  16. Posted by SocketSite

    The list price for 3110 California #2A has been reduced to $948,000.
    Once again, purchased for $1,000,000 in September 2004 and having returned to the market in February listed for $1,200,000

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