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November 23, 2009

Do-It-Yourself SoMa Penthouse Combo at 601 4th St

Two penthouses at 601 4th Street are currently on the market with the suggestion that someone purchase both for $2,313,000 and combine the units. (The small print also says that the listing agents can’t guarantee that you’ll be able to get approval for such a combo from the city or the HOA, but why sweat the details?)

You can buy them separately, of course, and 601 4th, also known as The Heublein Building, is one of the better loft properties in the neighborhood to consider. It was the first large loft development in the city.

Penthouse 2 (above) is being offered as a 1BR/1BA, 1184-square foot unit for $815,000. It was on the market for a bulk of last year at $949,000, and the current owner paid $815,000 in Sept 2000.

Penthouse 3 is a 2BR/2BA, 1792-square foot unit:
It’s listed at $1,498,000, and features sweeping views from a private patio, 11′ ceilings, a 110″ high-def projected video and screen, and two-car parking. The unit was last sold for $1.5M in Oct 2006, and before that, for $1,425,000 in Oct 2000, proving that SoMa appreciation levels are not what they once were. It’s being sold by Twitter co-founder Evan Williams, who recently purchased a home in Noe Valley on Duncan Street.

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