1835 Franklin, the 1965 doorman tower between Sacramento and Clay: one closing this year, a two-bedroom listed at $1,500,000 and sold at $1,450,000 after 75 days, $935 a foot

1835 Franklin sold one condominium this year, after 75 days on the market and $50,000 under its list. One unit closed between January 1 and October 15, 2026, on $1,450,000 of volume; nothing closed in 2025, and five units closed in 2024 at a median of $1,284,000, the most in any year of the record. The price per square foot is $935, against $887 in 2024, $809 across three sales in 2023 and $1,021 across two in 2022, when a $2,167,000 sale set the building's high.

#201, a 1,550-square-foot two-bedroom with a balcony, in-unit laundry, custom closets and a wide garage space with storage, was listed on March 27 at $1,500,000, went pending on June 10 and closed at $1,450,000 on June 25, 3.3 percent under the ask; its dues run $2,123 a month and cover heat, electricity, water, trash, security, insurance and reserves; the listing record shows it sold at $1,370,000 in October 2017, $1,240,000 in 2016 and $870,000 in 2012, pairings the site's record does not hold (Redfin; MLSListings). The building's #601, a 1,550-square-foot view unit bought at $950,000 in 2013, was remodeled and relisted in 2024 (SocketSite).

The building dates from 1965, a 16-story concrete tower with a door person and about three homes a floor, 45 units with no 13th floor, on the west side of Franklin between Sacramento and Clay; the listing calls it one of the best door-person buildings in Pacific Heights, and the building record on this site lists 25 units (Redfin street index; MLSListings).

2026 so far, against the same window in 2025

Closings at 1835 Franklin St 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 1835 Franklin St since March 1998, by calendar year. 2026 runs through October 15, 2026. Days on market is available for MLS-listed sales from 2020 onward.

The building's highest median price per square foot in any year with five or more closings was $887 in 2024 (5 closings). 2026 year to date stands at $935.

By bedroom count, 2025 against 2026

Every closing in 2026

All 1 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.

Franklin Street, between Sacramento and Clay

Lafayette Park is a block west and Whole Foods at Franklin and California a block south (Redfin). Two blocks north at 1840 Washington, the 2012 steel-frame beside Pacific Place, a one-bedroom closed at $1,100,000 in September, and two blocks beyond that the auto-body corner at 1675 Pacific carries a seven-story, 53-unit approval from 2019 (Redfin, 1840 Washington #403; SocketSite). The Chronicle's walkthrough of #102, a ground-floor unit with a private garden, asked $1,495,000 (SF Chronicle).

No AI office of any size is in Pacific Heights; 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