Sam Altman's Mansion Was Once the Most Expensive Home Listing in San Francisco. A New Lawsuit Says It's a 'Lemon.'

In 2020, OpenAI CEO Sam Altman bought nan then-priciest location listing successful San Francisco for $27 million. Four years later, a lawsuit alleges that nan 9,500-square-foot spot was a poorly constructed "lemon," including mold issues and a leaky infinity excavation that flooded nan little level.

Greg Malin, CEO of location developer Troon Pacific, took viewers connected a circuit of nan 950 Lombard St. spot successful a May 2020 Architectural Digest video, showing disconnected everything from nan estate's "Batcave" car shed to its wellness cottage.

The video listed nan property for $40.5 million, nan astir costly astatine nan time, though Altman would later bargain it for astir $27 million. The property takes up an full metropolis artifact — nan aforesaid size arsenic six, normal-sized lots. The main location has 5 bedrooms and six-and-a-half baths, and nan cottage has a sauna, steam room, massage area, and spa.

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A suit revenge past week successful San Francisco Superior Court, which The San Francisco Standard connected to Altman connected Tuesday arsenic nan home's owner, specifications really nan luxurious residence fell isolated aft a fewer years of use. The filing accuses Troon Pacific and Malin of "shoddy construction" and "corner cutting" astatine nan 950 Lombard St. estate.

The building flaws "were concealed and/or not taxable to find by reasonable investigation," nan filing reads.

The suit alleges a lower-level flood caused portion of nan ceiling to fall. The root of nan damage? The leaking infinity pool. The little level of nan mansion besides had "widespread" mold. Correcting these issues unsocial would costs much than $4 million, nan plaintiffs estimate.

There were besides contractor bags pushed into sewer lines and 1 unconnected statement that deposited earthy sewage connected nan crushed astatine nan broadside of nan property, according to nan lawsuit.

Troon Pacific has been called retired earlier for "fraudulent" behavior. In May, nan developer had to salary backmost $48.1 million to investors who backed a location renewal task that was ne'er completed.

Altman is listed arsenic nan existent proprietor of 950 Lombard St., per The San Francisco Standard, and is worthy astatine slightest $2 billion, according to nan Bloomberg Billionaires Index.

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