Updated Dec 4, 2024
290 Water LLC Purchases Sea Cliff Home From George Sarlo For $26 Million In San Francisco
290 Sea Cliff Avenue
$26,000,000
$3,295/SF
Building Size
7,890 SF
Asset Type
Single Family
Closing
Jul 18, 2024
About this deal
AI
A Sea Cliff home in San Francisco was sold for $26 million, matching its asking price. The property encompasses 7,890 square feet and is located at 290 Sea Cliff Avenue. The transaction took place in the San Francisco market, highlighting the area's luxury real estate appeal.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $26,000,000
- Address: 290 Sea Cliff Avenue
- Market: San Francisco
- Square Footage: 7,890
- Price Per Square Foot: $3,295
- Buyer: 290 Water LLC
- Seller: George Sarlo
- Buyer's Representative: Michael Plotkowski & Yulia Mitchell - Compass
- Seller's Representative: Debi DiCello & Tania Toubba - Sotheby's International Realty
The seller, George Sarlo, transferred the property to his foundation during this transaction. The strong rebound in the luxury market is reflected in the sale. The transaction involved the strategic representation of both parties by experienced agents from prominent real estate agencies.
On the Map
$26,000,000
$3,295/SF
Single Family
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Players
San Francisco Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93