The Lombardia, 1150 Lombard, one block west of the crooked block: two closings this year at $1,031 a foot, one of them a 1989 original owner selling at 122 percent over the opening price

The Lombardia's year is a 37-year hold closing out. Two condominiums closed at 1150 Lombard Street between January 1 and October 15, 2026, against two in the same window of 2025; $3,145,000 of volume against $3,370,000. The median sale is $1,572,500 and the median price per square foot is $1,031, against $1,030 last year, $1,464 in 2017 and $1,520 on the one 2022 sale, the building's high; the record on this site runs back to the building's own opening sales in 1989, at $443 a foot.

#28, a 1,705-square-foot two-bedroom, closed at $1,720,000 on April 7 after 60 days, $1,009 a foot; it was bought new in September 1989 for $775,000, up 121.9 percent, and it is the year's one paired resale. #18, a 1,353-square-foot two-bedroom, closed at $1,425,000 on March 5 after 35 days, $1,053 a foot, following a remodel the listing put at about $1 million by Amy Weaver Designs; its dues run $2,366 a month and cover the doorman, insurance, grounds and water (Redfin). The median listed sale took 48 days to contract, and neither went inside two weeks; the building's 2023 sales had taken a median of 110 days.

The building dates from 1989, a full-service elevator building with a 24-hour doorman, a landscaped courtyard and a garage; the street index shows 42 units, which matches the building record on this site (Redfin; PCAD).

2026 so far, against the same window in 2025

Closings at 1150 Lombard between January 1 and October 15, 2026, set against January 1 to October 15, 2025. Days on market is median days from listing to contract on MLS-listed sales; "under 15 days" counts how many of those went into contract inside two weeks.

Year by year

Every recorded closing at 1150 Lombard since September 1989, by calendar year. 2026 runs through October 15, 2026. Days on market is available for MLS-listed sales from 2020 onward.

No year in the building's record holds five or more closings. 2026 year to date stands at $1,031 a square foot.

By bedroom count, 2025 against 2026

Every closing in 2026

All 2 closings through October 15, 2026, highest price first. Square footage and days on market are as recorded on the MLS; county-recorded transfers that never listed show no days.

Paired resales

Units that closed in 2026 and had a prior recorded sale in the same building. The change is gross, before any improvements, fees or carrying costs.

1 of these resold above the prior price, 0 below.

Lombard, between Hyde and Larkin

The crooked block of Lombard is the 1000 block, Hyde to Leavenworth; the 1100 block is the next one west, downhill toward Larkin, which puts the building within steps of the Hyde Street cable car and the tourists (NBC Bay Area). Across the street is George Sterling Memorial Park, 0.84 acres on the hilltop with the Alice Marble Tennis Courts, two doubles and two singles courts and a basketball court, named for the 18-time Grand Slam champion who learned the game on the city's public courts (Hoodline). Francisco Park and the Polk and Hyde Street shops are the listing's other landmarks, with Galileo High and Yick Wo Elementary each 0.2 miles away (Redfin).

No AI office of any size is within walking distance; the office figures in the paragraphs below describe SoMa, two miles southeast.

The timetable that every South of Market building now sits inside is the public-offering calendar. Anthropic filed a confidential draft registration with the SEC on June 1, 2026, a week after a funding round that set its valuation at $965 billion (TechCrunch). As of this week the Standard reports the Anthropic listing has been pushed to November, after the midterms, that OpenAI's has moved to 2027, and that Anthropic is weighing a lockup longer than the usual six months (SF Standard). The same piece carries a Redfin estimate that current and former OpenAI and Anthropic employees could in theory buy close to a third of the metro area's homes with their proceeds, and the counter-argument from UC Berkeley's Enrico Moretti and the Bay Area Council's Jeff Bellisario that the money is concentrated in fewer hands than past booms and that these firms create fewer jobs per dollar because so much goes to data centers rather than headcount. The record in this report ends on October 15. None of it reflects a single share that has been sold.

Two citywide facts frame every building figure here. First, the office recovery is lopsided: CBRE put Q3 2026 vacancy at 27.7 percent citywide, down 6.6 points in a year, but Avison Young splits that into roughly 12 percent for Class A and north of 31 percent for Class B, and a Presidio Bay executive told Bisnow the headline number is misleading for that reason (Bisnow). Second, the condo market is still digging out: the Chronicle's May analysis found that only eight Bay Area ZIP codes showed inflation-adjusted condo gains over the year, all of them in San Francisco, and that Noe Valley's typical condo remained close to $400,000 below its 2019 level in real terms (SF Chronicle).

How this was counted

Two records feed this review. The MLS layer is one row per listing and carries days on market and square footage. The county layer reaches back further and catches transfers that never listed, but records the same closing once per data source, so the two were merged on unit, date and price and each closing kept once. Below-market-rate units and transfers under $300,000 are listed but excluded from every median. "Same window" means January 1 to October 15 of each year. Nothing here is a valuation of any unit, and nothing here is advice.

Tim McMullen · CA DRE #02016832
[email protected] · (415) 691-9272