Ulrich Sells Presidio Heights Mansions for $68M
Drummer Lars Ulrich sold two adjoining San Francisco mansions for nearly $68 million, roughly double their original purchase price.
Updated on Nov. 5, 2026 in Residential
Lars Ulrich sold two adjoining mansions in San Francisco's Presidio Heights neighborhood for nearly $68 million on the same day in separate transactions. The combined original purchase price of the properties was $36 million.
Why it matters
The sale shows that high-end residential properties in Presidio Heights have appreciated substantially in value for buyers who acquired them in recent years. For San Francisco readers, it offers a concrete marker of luxury home values in one of the city's most established neighborhoods.
The two Presidio Heights residences sold for nearly $68 million combined, compared with $36 million paid for them originally. Buyer identities and the financing terms of the sales were not disclosed in the source material.
The players
Lars Ulrich
Lars Ulrich is the drummer and co-founder of the heavy metal band Metallica, and a prominent Bay Area real estate owner.
Marc Benioff
Marc Benioff is the founder and chief executive of Salesforce, who previously owned both San Francisco properties before selling them.
The details
Ulrich owned the two properties through trusts: the 16,000-square-foot mansion at 3277 Pacific Avenue, which he bought in May 2017 for $30 million, and the 6,000-square-foot residence at 3230 Jackson Street, which he bought in October 2018 for $6 million. Both were originally acquired from Marc Benioff, who had bought the Jackson Street home in 2000 for $7.5 million.
Timeline
2000: Marc Benioff purchased the Jackson Street residence for $7.5 million.
2005: Benioff bought the Pacific Avenue mansion from Drexler for $25 million.
May 2017: Ulrich purchased the Pacific Avenue mansion for $30 million.
October 2018: Ulrich purchased the Jackson Street residence for $6 million.
The two properties were sold on the same day in the week before the article was published.
Market Landscape
The sale continues a pattern of high-value transactions in San Francisco's Presidio Heights, where the same properties have changed hands several times since 2000. It places the neighborhood's luxury residential market in the context of rising values over more than two decades.
Readers interested in the San Francisco luxury home market can track comparable sales in Presidio Heights as more residential transactions are recorded. The sale price offers a reference point for buyers and sellers evaluating high-end properties in the area.
The takeaway
Long-term ownership of premier San Francisco properties has produced substantial gains, with the Presidio Heights mansions roughly doubling in value between purchase and sale. Buyers considering similar properties should weigh purchase history and neighborhood appreciation alongside current prices.
Further reading
Explore more San Francisco Residential listings and market coverage for context on luxury home values in the city.
Source note: This article includes information reported by The Times of India.
