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Sam Altman, the big boss at OpenAI, thought he got a sweet deal with a mansion on Russian Hill, complete with a “Batcave.” But now, he’s in court, claiming the $27M home is full of problems.
The lawsuit, filed in San Francisco Superior Court, accuses the builder, Troon Pacific, and its CEO, Greg Malin, of fraud. The complaint says the house, bought in March 2020, has many defects and poor workmanship.
Altman’s company, 950 Lombard LLC, which manages the property, filed the suit. Public records show Sam Altman lives there, and it’s also the business address for Apollo Projects, a firm led by Sam and his brother, Jack Altman.Jennifer Serralta, who manages 950 Lombard LLC and the Sam Altman Qualified Opportunity Fund, could not be reached for comments.
The lawsuit seeks damages for the defects, including interest and legal fees. The San Francisco Chronicle reported the lawsuit first but didn’t name the homeowner.
An Architectural Digest tour showed off the mansion’s cool features like a wellness cottage, a car turntable, and a “Batcave” tunnel.
The house, once the priciest listing in San Francisco, has an elevator, a private garden with century-old olive trees, and an infinity pool with amazing bay views.But problems came up, like the pool’s bad waterproofing, leading to a huge flood last August.
Other issues included raw sewage dumped on the property and a jammed sewer line by an unpaid contractor, the lawsuit says.The lawsuit claims the repair costs will go over $4M.
This year, the company was ordered to pay back $48.1M to investors for unfinished luxury home projects in the city.Altman’s property was in the news last year when he told Time magazine about a coyote lounging on his patio furniture.No word on if the coyote has used the infinity pool.