San Francisco, CA
$1.4 million San Francisco house snapped up for shockingly low price — but it comes with a huge headache
A classic Edwardian home in San Francisco‘s Russian Hill with timeless character has been snapped up for $488,000 by a savvy homebuyer.
The unusually low price is far less than half of the city’s $1.2 million median list price and an even smaller portion of the property’s estimated $1.4 million value.
Though the home might seem like a dream bargain at first glance, it comes with a rather astonishing catch: The new owner may not move into the property for the next 30 years.
According to the listing, the property is currently tenant-occupied under San Francisco’s tenant protection laws, and the current lucky occupant, who pays an incredibly low monthly rent of $417, signed a lease that locked in strict rent controls and grants occupancy rights extending until 2053.
These laws are designed to protect long-term renters, securing low costs over a years long period and enabling the current tenant to take full control over payments of all utilities, including water, garbage, and energy bills.
There’s no wiggle room either. The sale was strictly as is, according to the listing, which also noted that agents were unable to guarantee access to the property for an inspection or even a walk-through before purchase.
The seller also had the right to reject or counter any offers.
Perhaps understandably, given the legal complexities that come with the home, any potential buyers were urged to review the full disclosure package and consult with an attorney before committing to purchasing the house.
And that’s not the only “catch” to have come with the property.
Per the listing, the former male owner of the house died inside it. He was over the age of 100 and died of natural causes.
When the home was first listed, it sparked a frenzy of excitement and intrigue.
One neighbor at the time, Ilia Smith, told ABC News that there was a line of people wrapped around the block waiting for a chance to peek inside the unique home.
“My husband came in and said, ‘You’ve got to look out the window. There’s a line from the house all the way to the middle of the block,’” she said.
Ultimately, it was revealed that the home had been the subject of a bitter family feud, according to the San Francisco Standard, which reported that the home was listed by Todd Lee, who is the son of the current tenant, Sandra Lee.
According to the Standard, the property was purchased by Sandra’s parents, Florence and Kenneth Goo, in the 1970s. The Goos lived there for many years until they both died in the home, in 2006 and 2018, respectively.
Sandra, who has been living in the home since 2018, told the Standard that the property had been listed by her son without her permission. He was unaware of the iron-clad lease clauses that Kenneth had secretly written into her rental agreement before his death, she added.
“If it wasn’t for the lease that [my son] didn’t know about that was made in 2018, I don’t know where we’d be,” she told the publication. “It’s unfathomable, the deception, the betrayal—this is my son doing this to me.”
Property records indicate that the home was actually purchased by Sandra’s daughter, Cheryl Lee, suggesting that the family rift has since been put aside and that the new owner will not have to worry about dealing with the difficulties of having a stranger occupying their home for the next three decades.
At the time of the home’s original listing, experts at local company Kinoko Real Estate explained the complexities of buying this kind of property. There are a few upsides to purchasing a dwelling that already has a long-term tenant installed, they noted.
“Real estate investors might be intrigued by the long-term investment opportunity,” the company’s website said. “The guaranteed rental income for nearly three decades is attractive, especially considering San Francisco’s historically rising rents.”
However, according to Kinoko, the downsides are much more obvious.
“While the long-term rental income might be enticing, there are some significant drawbacks to consider,” the website goes on. “Firstly, the buyer has no control over the property for nearly three decades. Major repairs or renovations would be at the mercy of the tenant’s cooperation.
“Additionally, predicting the housing market in 2053 is a fool’s errand. There’s no guarantee the property will appreciate in value as much as hoped, especially considering the long wait time.”
San Francisco, CA
Iran conflict disrupts flights out of SFO
San Francisco, CA
Hundreds Rally in San Francisco Against U.S.-Israel Strikes on Iran | KQED
She acknowledged that Iranian Americans hold a range of political views, including some who support U.S. intervention, but said she believes the future of Iran should be determined by its people.
“The Iranian people in Iran can decide the future of their country,” she said. “War, I don’t think, is going to help.”
Speaking to the crowd, Mortazavi challenged what she described as a narrative that Iranians broadly support U.S. and Israeli military action.
“They want you to believe that every Iranian … is cheering on the United States and Israel,” she said. “That is unequivocally false.”
She urged attendees to continue organizing beyond the rally and announced plans for additional demonstrations.
Dina Saadeh, an organizer with the Palestinian Youth Movement, said multiple groups mobilized quickly in response to the strikes.
“I’m angered today,” Saadeh told KQED. “People here don’t want to see our country engaged in more endless war.”
Saadeh described the protest as part of a broader effort to oppose sanctions, military escalation and what she called U.S. imperialism. She said participants were calling on elected officials to redirect public funds toward domestic needs.
“People want money for jobs and education, not for war and occupation,” she said.
KQED’s María Fernanda Bernal contributed to this story.
San Francisco, CA
Sam Smith’s San Francisco Residency Charts New Course for the Castro
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Sam Smith has kicked off his residency at the Castro Theatre in San Francisco, with the singer’s 20-date stint helping to officially usher in a new era for the historic landmark.
First erected in 1922, the Castro closed in 2024 for a reported $41 million renovation project. But the century-old Spanish-style Baroque theatre is open for business — and music — once again, with its gilded ceiling and ornamental walls restored to its original design, while seating is now reconfigurable for different events, including 650 seats that can be removed to create more standing room space (like for Smith’s concert). More importantly, city officials hope the re-opening of the Castro Theatre will also help revive the predominantly queer neighborhood it sits in, which shares a name with the venerable venue.
“Do you guys realize how special this street is?” Smith asked the sold-out crowd, during night two of their residency last week. “I grew up in a village in the middle of f-ckin’ nowhere,” they shared. “I was the only gay in the village and yes I was very dramatic about it as well,” they added with a laugh.
“There is nothing like this street and nothing like the Castro and the community here,” Smith said. “I’ll never forget coming here when I was 20 years old, so reopening this theater now is such an honor.”
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Sam Smith Tickets on StubHub
Tickets to Smith’s Castro residency quickly sold out when the shows were first announced but you can still find stubs on sites like StubHub, Vivid Seats and SeatGeek. New users can use the promo code THR30 to save $30 on orders of $300 and up at VividSeats.com. SeatGeek customers can use promo code HOLLYWOOD10 to save $10 at SeatGeek.com.
Smith’s San Francisco stint follows their “To Be Free: New York City,” residency which took place last fall at Brooklyn’s historic Warsaw club. Other artists set to play at the Castro this spring include Father John Misty, José González, Santigold and Lucy Dacus. The Castro will also help celebrate the 50th anniversary of the LGBTQ-themed Frameline Film Festival this June.
ALSO AVAILABLE
Castro Theatre Tickets on Vivid Seats
Smith’s residency runs until March 14.
According to tourism officials and local businesses, Smith’s new Castro residency and the reopening of the theatre has already helped to bring in a number of new visitors to the area. Mat Schuster, the executive chef and owner of long-time neighborhood fixture, Canela, says business has been “very busy” in the last few weeks, crediting Smith’s show with bringing out new diners to the Spanish restaurant, which has been on Market Street since 2011. Other local hotspots like wine bar Bar49, the San Francisco outpost of Hi Tops, and the women’s sports bar, Rikki’s (named after Gay Games Federation founder Rikki Streicher), were all packed on a recent evening following Smith’s Castro concert.
According to San Francisco Tourism, the reopening of The Castro Theatre is poised to deliver “meaningful economic gains” to the surrounding neighborhood, which some stats estimating that the venue will draw more than 200,000 visitors annually.
With the Castro Theatre now open again, local officials are looking ahead to other upcoming celebrations, including a planned reimagining of the Castro and Market Street intersection into The Memorial at Harvey Milk Plaza, honoring the first openly gay elected official in California (and the inspiration for the 2009 Sean Penn film). Milk’s legacy is already enshrined at the San Francisco airport of course, with terminal 1 at SFO renamed as the “Harvey Milk Terminal;” the new memorial is scheduled to be completed by 2028. The annual Castro Street Fair, meantime, a community street celebration founded by Harvey Milk in 1974, will take place on the first weekend of October.
The reopening of the Castro comes amidst a busy few months for San Francisco, which recently saw a number of athletes and celebrities in town for the Super Bowl. Steph Curry’s new speakeasy, The Eighth Rule, was among the hotspots over the big game weekend and the basketball star’s bourbon-forward bar continues to be a hot reservation in the city. Opened in the fall, the bar is tucked away in a nondescript hallway inside the Westin St. Francis hotel in Union Square, offering an intimate and exclusive setting for the Golden State Warriors point guard’s Gentleman’s Cut Bourbon, which can be ordered on its own or as part of a six-course omakase-style cocktail tasting (we loved the clarified coconut milk punch and the truffle-vanilla whiskey sour). Of course, guests can also order cocktails a la carte, choosing from different bourbons and whiskeys, plus a full selection of other spirits.
Next door to The Eighth Rule is Bourbon Steak San Francisco, the latest outpost of Chef Michael Mina’s award-winning steakhouse. The restaurant marks the celebrity chef’s return to the Westin St. Francis, where he opened his first eponymous restaurant in 2004. In addition to its selection of steaks, seafood and caviar offerings (like Mina’s famous “caviar twinkee”), this Bourbon Steak outpost offers a family-style dining experience for six people, available through advance reservations. This is the only Bourbon Steak location to offer this communal table format.
New this month is the highly-anticipated opening of JouJou, an elevated French brasserie concept from the owners of the two Michelin-starred Lazy Bear. Located in the city’s Design District, JouJou is poised to be the next celebrity hangout, with its ornate dining room and marble-topped counters setting the scene for steak frites and star sightings alike. As chef David Barzelay told the San Francisco Chronicle when asked about the inspiration for JouJou: “It always feels like you’re just in a place where it’s happening.”
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