1840 Washington, the 2012 steel-frame building beside Pacific Place: one closing this year, a one-bedroom bought in December 2016 for $1,050,000 and sold at $1,100,000 after 24 days, $1,314 a foot

1840 Washington's one sale this year is a ten-year hold closing out at $50,000 over its purchase. One condominium closed between January 1 and October 15, 2026, on $1,100,000 of volume; nothing closed in 2025, and four units closed in 2024 at a median of $1,158,000. The price per square foot is $1,314, against $1,288 in 2024, $1,259 across four sales in 2023, $1,638 on the 2021 sale, the building's high, and $994 across the 11 developer sales of 2012, the most in any year.

#403, an 837-square-foot one-bedroom facing south through floor-to-ceiling windows with a balcony, an office nook, in-unit laundry, a garage space and storage, was listed on August 7 at $1,050,000, went contingent on August 18 and closed at $1,100,000 on September 15, 24 days from listing to contract; its dues run $859 a month; it was bought in December 2016 for $1,050,000, up 4.8 percent, and it is the year's one paired resale; the listing record shows the developer sold it in March 2012 for $779,000 (Redfin).

The building is Jorge De Quesada's nine-story steel-frame of 26 condominiums over ground-floor commercial space with a roof deck and one parking space per unit, on the north side of Washington between Van Ness and Franklin; SocketSite tracked the demolition of the one-story commercial building in August 2008, the construction start in May 2010 and the March 2012 sales launch, when one-bedrooms asked $709,000 to $875,000 and the penthouse $2,095,000 under the name The Washington; the building record on this site calls it The Washingtonian, a name no listing record uses (AISC; SocketSite, Aug 2008; SocketSite, Mar 2012).

2026 so far, against the same window in 2025

Closings at The Washingtonian 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 The Washingtonian since February 2012, 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 $994 in 2012 (11 closings). 2026 year to date stands at $1,314.

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.

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.

Washington Street, between Van Ness and Franklin

Next door at the Van Ness corner is Pacific Place, the 2001, ten-story, 152-unit building addressed 1701 Jackson and 1800 Washington, which the 2008 plans said the new building would resemble (RubyHome; SocketSite, Aug 2008). Whole Foods at Franklin and California is the grocery (MLSListings, #504). Two blocks north on the same side of Van Ness, the auto-body corner at 1675 Pacific carries a seven-story, 53-unit approval from August 2019 that has not broken ground (SocketSite).

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