Pacific Heights Mansion Sells at Discount Over 2023 Price

A Pac Heights mansion that was one of 2023’s biggest sales has traded hands once again, this time for a discount over two years prior.

But just how much of a discount is unclear. Last time, 2750 Vallejo Street sold in August 2023 for $23.5 million, and the transfer tax on the May 12 sale indicates a price of almost $22.5 million. But San Francisco Multiple Listing Service records show a sales price of about $20.6 million.

Neill Bassi of Sotheby’s International Real Estate held the listing in 2023 and the brokerage confirmed that its agents represented both sides of the May deal, but declined to comment further and did not answer questions about the price discrepancy.

Built in 1905, the home was completely remodeled and expanded in 2013 by Troon Pacific, a high-end home developer now best known for building the Russian Hill property OpenAI CEO Sam Altman bought for $27 million and called a “lemon” in court filings last year, based on alleged construction defects.

The association with Troon, which sold the Pac Heights home shortly after construction wrapped up in 2013 for $20 million, was unlikely to be the cause of the discount, according to Compass agent Nina Hatvany. She toured the “very nice” home with a buyer client who “didn’t love” the finishes.

“It was extremely quietly marketed, so it is great that it sold,” she said.

Troon bought the Vallejo Street home in 2006 for $4 million, according to county records, and turned it into an approximately 8,000-square-foot five-bedroom,7.5-bath LEED Platinum home, according to the developer’s website. A skylit pentroom with bay and Golden Gate Bridge views, backyard lap pool, elevator to four of the five levels, rooftop terrace with a fireplace, and garage with car lift are just a few of the bells and whistles.

The buyer this time around was the Lomax Trust, whose trustee is Lonnie Dorn, according to the deed. Dorn is a senior adviser at ClearRock Capital and did not reply to a request for comment. The seller was The 2750 Vallejo Trust, whose trustee is Tracy Keyser.

Fans of the Kardashian-Jenner empire might recognize Keyser’s name, as her firm once handled their PR and marketing. But LA-based Keyser told The Real Deal that, while the home looks “lovely,” she is not the Tracy Keyser on the deed.