Dolores Street Condo Sold for $6.65 Million
The 5,300-square-foot unit in a converted church sold below the asking price after a recent landmark designation.
Updated on Oct. 6, 2026 in Commercial
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A three-bedroom condo at 653 Dolores St. in San Francisco recently sold for $6.65 million. The transaction for this landmarked property closed $150,000 under the initial $6.8 million asking price.
Why it matters
This sale highlights the current pricing dynamics for premium San Francisco properties, where luxury units are navigating market expectations despite broader growth in condo sales. The unit, located in a former church, was sold as the owner looks to downsize.
The 5,300-square-foot condo sold for $6.65 million, which is $150,000 below the $6.8 million list price. This follows a 2016 purchase price of $6.1 million.
The players
John Nichols
The former owner of the Dolores Street condo who is selling the property to downsize.
Chora Trust
The entity identified in public records as the buyer of the 653 Dolores St. property.
Alexander Lurie Fromm
The real estate broker who represented the buyer during this high-value transaction.
Gary Tan
A resident and owner of another unit within the Light House building.
The details
The property is one of four units located in the Light House, a building converted from a church in 2016 that received city landmark status in September 2026. The sale was managed with an opening price strategy intended to trigger a competitive bidding environment. The buyer, identified as the Chora Trust, was represented by broker Alexander Lurie Fromm during the transaction.
Timeline
The property was converted into four condo units in 2016.
The home previously sold for $6.1 million in 2016.
The building was designated a city landmark in September 2026.
The sale of the condo was finalized in October 2026.
The Home Front
The sale occurs amid an 11% year-over-year increase in local condo sales, showing that luxury inventory is moving despite pricing pressure. This trend underscores the competitive nature of unique city landmark properties compared to the citywide median condo price of $1.23 million.
Homeowners in unique or landmarked buildings should track property assessments to see how official designations impact tax valuations. It is also wise to review recent comparable sales in your specific neighborhood to understand how your property value aligns with current market fluctuations.
The takeaway
Large-scale unique properties often require a tailored pricing strategy that can face resistance even in active markets. Owners looking to sell similar high-end assets should consult with a licensed local real estate professional to evaluate the influence of landmark status on buyer interest.
Further reading
For more trends on high-end property transactions, visit San Francisco Commercial.
Source note: This article includes information reported by San Francisco Chronicle.
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