Purchased as a vacant 7-unit building for $4.95 million in 2009, the 14,000-square-foot structure at 104 Presidio Avenue, which sits on the border of Pacific and Presidio Heights, was effectively gutted, remodeled and a new seven car garage was added below.
The approved permits and plans for the multi-million dollar renovation did not allow for a merger of any of the units – at least not technically – but did note that layouts would be “altered” and floor plans “reconfigured.”
With the renovations completed last year, the building’s owner and occupier is now seeking permission to legally merge two of the “existing” one-bedrooms units into a 3,179 square foot two-bedroom on the second floor, while merging another four of the “existing” units above into a single, 11,000 square foot six-bedroom unit across the building’s top two floors.
The estimated cost of now “merging” the units, following the multi-million dollar renovation by Butler Armsden Architects: $100,000.
Keep in mind that the merger of a unit in San Francisco which is valued at under $1.63 million is subject to being denied. And as such, the building’s owner is now “undergoing unit appraisals to confirm that none of the existing units” are valued below said threshold.