Updated Dec 4, 2024
Circle Of LLC Acquires James Tananbaum's Single Family Home In San Francisco For $31.2M
3052 Pacific Avenue
$31,200,000
$4,457/SF
Building Size
7,000 SF
Asset Type
Single Family
Closing
Nov 2, 2023
About this deal
AI
Located at 3052 Pacific Avenue in San Francisco's prestigious Presidio Heights neighborhood, Foresite Capital CEO James Tananbaum has sold his single-family home for a staggering $31.2 million. This off-market transaction took place in September and stands as the second-highest residential sale in the city this year. The property encompasses a spacious 7,000 square feet and boasts a quarter-acre lot, as well as a narrow parcel that connects the house to car access from Pacific Avenue.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $31,200,000
- Square Footage: 7,000
- Price Per Square Foot: $4,457
- Address: 3052 Pacific Avenue
- Market: San Francisco
Circle of LLC successfully acquired the property from James Tananbaum, who represented himself through his company Foresite Capital. This significant sale further highlights the strong real estate market in San Francisco, as well as the desirability of Presidio Heights among affluent buyers.
Players
Erie 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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93