David Geffon Purchases Beaux Arts Home From William And Leigh Matthes For $26 Million In San Francisco
3701 Washington Street
$26,000,000
$3,058/SF
Building Size
8,500 SF
Asset Type
Single Family
Closing
Feb 14, 2025
AI
The 8,500-square-foot Beaux Arts home at 3701 Washington Street, located in Presidio Heights, has been sold for $26 million. This transaction marks San Francisco’s largest residential sale of the year. The property, built in 1902, was fully renovated before the sale took place. The market for the property is San Francisco.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $26,000,000
- Square Footage: 8,500
- Price Per Square Foot: $3,059
- Address: 3701 Washington Street
- Buyer: David Geffon
- Seller: William & Leigh Matthes
- Broker: Malin Giddings - Compass
The seller, William and Leigh Matthes, managed the 3701 Washington Street LLC, while the buyer is associated with the Roxy Bear Trust, managed by David Geffon. Malin Giddings represented the seller in this off-market transaction.
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