2-bed San Francisco condominium rental calls for $432,000 wage

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A Craigslist rental posting in San Francisco caught our eye this week. What jumped out wasn’t the gorgeous exposed pine ceilings or “luxurious window dressings,” but the explosive price tag and the fact the posting tells folks not to bother applying if they don’t earn $432,000 a year.

The two-bedroom, 2.5-bath corner penthouse at 255 Berry St. in San Francisco’s Mission Bay doesn’t come cheap. Rent is a cool $12,000 a month, and the small print at the bottom of the ad simply states: “REQUIREMENTS: Credit: Good Standing Income: 3x the Rent”

255 Berry St., unit 708

Craigslist

While it’s not unheard of for landlords in San Francisco to demand proof of an income three times that of the rent, in this instance that calculates out as showing receipts for nearly half a million bucks a year, making one wonder whether the price tag is a little steep for a two-bed apartment.

So what can the new tenant expect after handing over $24,000 for the deposit and first month’s rent on the 2,435-square-foot pad? Not one but two fridges; a full home water filtration system; and a view of “water” (though it seems from the photos that the water in question is Mission Creek, not the bay.)

255 Berry St., unit 708

255 Berry St., unit 708

Craigslist

The apartment does offer some luxe finishings in the “impeccably appointed Bulthaup, Gaggenau, and SubZero kitchen,” radiantly heated floors, a “Spa like bathroom” and towel warmers. Redfin estimates that the unit is worth $2,887,899 (that’s $312,000 less than what it last sold for in 2019).

255 Berry St., unit 708

255 Berry St., unit 708

Craigslist

Find the full listing on Craigslist.

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