Eric Schmidt Of Google Purchases Condo In San Francisco From Chris R. Redlich Jr For $24M
2006 Washington Street
$24,000,000
$4,210/SF
Building Size
5,700 SF
Asset Type
Condo
Closing
Jun 16, 2025
AI
A condo located at 2006 Washington Street in San Francisco has been sold for $24,000,000. The luxury unit spans 5,700 square feet, resulting in a price per square foot of $4,211. The sale reflects a significant change in ownership for the property, which was previously acquired for $32,000,000 in 2015.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $24,000,000
- Buyer: Eric Schmidt
- Buyer Company: Google
- Seller: Chris R. Redlich, Jr
- Market: San Francisco
- Square Footage: 5,700
- Price Per Square Foot: $4,211
Eric Schmidt, the former CEO of Google, is now the owner of the Pacific Heights property, expanding his global investment portfolio. The seller, Chris R. Redlich Jr., a retired shipping executive, made the decision to sell due to high taxes and a weaker post-pandemic market.
Players
San Francisco Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93