Metallica drummer Lars Ulrich has made one of San Francisco’s biggest residential real estate deals, selling a pair of adjoining mansions for nearly $68 million.
The two properties are located in the city’s prestigious Presidio Heights neighborhood and together form an expansive residential compound. If counted as a single transaction, the sale ranks as the second-largest private home deal in San Francisco history.
Ulrich’s connection to the properties dates back nearly a decade.
A trust linked to the Metallica drummer purchased the larger residence, a roughly 16,000-square-foot mansion on Pacific Avenue, for $30 million in 2017. The neighboring 6,000-square-foot Jackson Street home was acquired for another $6 million the following year.
Both homes had previously belonged to Salesforce CEO Marc Benioff.
That means approximately $36 million was spent acquiring the properties before their combined sale for close to $68 million. While expenses associated with owning and selling the homes make a simple profit calculation impossible, the jump in value is substantial.
The San Francisco deal is not Ulrich’s only major recent real estate transaction.
The drummer also sold 161 acres of land in Marin County for $16 million. The undeveloped property, once considered as the site of a massive private compound, is expected to become public open space.
Combined, the San Francisco homes and Marin County land brought in roughly $84 million.
The transactions arrive during another busy chapter for Ulrich and Metallica. After completing their lengthy M72 World Tour, the metal giants are preparing to move into one of the world’s most technologically ambitious concert venues.
Metallica is scheduled to begin a 24-show residency at Sphere in Las Vegas in October, giving Ulrich considerably less real estate to worry about in Northern California and plenty of drums to hit in Nevada.
