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$1.4 million San Francisco house snapped up for shockingly low price — but it comes with a huge headache

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.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.

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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.

The new owner may not move into the property for the next 30 years. ABC

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.

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The property is currently tenant-occupied under San Francisco’s tenant protection laws, and the occupant, who pays a low monthly rent of $417, signed a lease that locked in strict rent controls. Redfin

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.

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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. Realtor.com

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.

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. raquelm. – stock.adobe.com

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.

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“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.”

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San Francisco barbershop caters to all genders wanting short cuts

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San Francisco barbershop caters to all genders wanting short cuts


In the heart of San Francisco, there’s an old-school barbershop serving up a whole new vibe, and turning more than a few heads in the process.

Saba Parsa has spent years searching for a good short haircut. But in a world where salons cater to long hair and barbershops mostly serve men, people like Parsa often end up stuck between a clipper and a hard place.

“Not everybody knows how to cut short hair, so this was a dream spot,” she said.

The Barb is a little shop in Bernal Heights, cutting gender norms down to size, catering to women, nonbinary people, and anyone who wants to go short.

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Sheena Lister, owner of The Barb, said the concept grew from a simple gap she kept seeing in the industry. 

“People are used to either getting a haircut at a salon or a barbershop,” Lister said, “and we’re kind of the in-between.”

Short hair seems to be having a moment well beyond San Francisco. Vogue recently noted 2025 is the year of the bobs, chops and pixies, declaring that hair is “going even shorter.”

Ro Gooch, a nonbinary barber specializing in gender-affirming cuts, said The Barb is often the first place where clients are even asked how they want their short hair to lean more feminine, more masculine, or somewhere in between.

She said if you have long hair, you’re going to get booted out of here, though “nicely.”

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Their signature style — The Barb — starts at $95, tip included. Part 70s barbershop and part soda fountain, complete with a front window for soft-serve and coffee, the space is designed as much for gathering as grooming.

“Just like the old-school soda fountain and barbershop,” Lister said, “those were both places that people gathered for community.”

As for Parsa, the results needed no explanation. 

“I love it. It’s just a dream,” she said.

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San Francisco Dons square off against the Nevada Wolf Pack

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San Francisco Dons square off against the Nevada Wolf Pack


Nevada Wolf Pack (4-3) vs. San Francisco Dons (5-2)

Palm Desert, California; Friday, 2 p.m. EST

BETMGM SPORTSBOOK LINE: Dons -5.5; over/under is 148.5

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BOTTOM LINE: San Francisco plays Nevada in Palm Desert, California.

The Dons are 5-2 in non-conference play. San Francisco is eighth in the WCC scoring 79.0 points while shooting 47.7% from the field.

The Wolf Pack are 4-3 in non-conference play. Nevada ranks second in the MWC with 10.6 offensive rebounds per game led by Elijah Price averaging 3.3.

San Francisco scores 79.0 points per game, 3.6 more points than the 75.4 Nevada allows. Nevada scores 9.6 more points per game (76.9) than San Francisco gives up to opponents (67.3).

TOP PERFORMERS: Ryan Beasley is scoring 15.5 points per game with 3.0 rebounds and 2.8 assists for the Dons. Mookie Cook is averaging 12.0 points and 5.7 rebounds while shooting 60.4%.

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Tayshawn Comer is scoring 15.9 points per game and averaging 3.0 rebounds for the Wolf Pack. Corey Camper Jr. is averaging 15.1 points.

___

The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.



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How To Spend The Perfect Weekend In San Francisco

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How To Spend The Perfect Weekend In San Francisco




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