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.”
The 4,140-sq-km bay is the largest estuary on the west coast of the US. Before 2018, this species of whales wasn’t known to stop seasonally or consistently in the bay, bypassing it on their migration route down to Baja California and back up the Arctic, said Josephine Slaathaug, who led a recent study on gray whale mortality in the bay.
One of San Francisco’s busiest freeways remained shut down Saturday, creating major traffic delays and dampening business for some local restaurants and shops.
All eastbound lanes of Interstate 80 just before the Bay Bridge are closed as crews work around the clock to rehabilitate the roadway. The 55-hour shutdown, which began on Friday night, is scheduled to last until Monday morning in time for the commute.
The closure has forced drivers onto detour routes, leading to heavy congestion for those trying to reach the East Bay, including Oakland and Berkeley.
The impact is being felt beyond the roadways.
At MoMo’s, a restaurant across from Oracle Park, staff found business noticeably slower.
“A little bit more mellow than usual. We usually see a little bit more foot traffic, a little bit more people on Saturdays,” said Daniel Bermudez, executive chef at MoMo’s.
Bermudez believes the freeway closure may be discouraging visitors from coming into the city this weekend, despite favorable weather.
“The weather is beautiful today. It’s nice and sunny. So we have plenty of tables outside,” he said.
With the San Francisco Giants playing an away game, the restaurant had hoped fans would still gather to watch, but turnout during game time remained light.
“This is kind of like our off-season Saturday. A lot slower than our baseball weekend,” said Casandra Alarcon, general manager at MoMo’s.
Other small businesses in the Mission Bay and South of Market neighborhoods reported similar trends, saying most of their customers are regulars who live nearby rather than visitors.
“A little bit slower for sure. Before, we had tourists come and walk to the baseball park,” said Ajaree Safron, manager at Brickhouse Cafe & Bar.
Caltrans has shut down eastbound lanes between 17th and 4th streets to repave the 71-year-old roadway. The goal is to extend the life of the Bayshore Freeway by another decade.
City and transportation officials said the timing of the closure was intentional, noting fewer major events scheduled in San Francisco this weekend, aside from the Cherry Blossom Festival.
Westbound lanes remain open, and officials said traffic heading into San Francisco from the East Bay has not been significantly affected.
“Getting into the city, it wasn’t too bad. Regular [traffic], what we expect on a Saturday morning,” said visitor Andrea Inouye.
While the closure has posed challenges for businesses, some workers said they are taking it in stride.
“Hopefully, it’s not for too long and we get past it, and get back to our normal routine,” Bermudez said.
Despite early concerns about widespread gridlock, transportation officials said the region has avoided the worst-case scenario. Traffic remains heavy in areas near detours, but the anticipated “carmageddon” has not materialized, in part because many drivers chose to avoid the area or take public transit.
Bay Area High School baseball fans are treated to a rare opportunity Saturday (April 18) with three games at Oracle Park, home of the San Francisco Giants, including the famed Bruce-Mahoney clash between West Catholic Athletic League rivals St. Ignatius and Sacred Heart Cathedral.
The first pitch of the 20th annual Dante Benedetti Baseball Classic starts at 11 a.m. and pits two more San Francisco private schools as University (9-7), winners of four straight, taking on Riordan (5-11).
That will be followed by the Bruce-Mahoney game at 2:30 between St. Ignatius (12-5, 4-2 WCAL) and the Irish (7-10, 1-5) and finished off with a North Coast Section clash between North Bay’s Marin Catholic (9-7) against Acalanes (7-6-1).
The Benedetti Classic, founded by Dante’s Boys Foundation board member Tom Lounibos and Giants president Larry Baer, benefits the DBF which honors the spirit of Benedetti who for nearly 40 years owned San Francisco’s Mr. Baseball nickname for his kindness and generosity to baseball-playing youth in the area.
Among their philanthropic efforts are glove and baseball equipment drives, field renovations and contributions to scholarships and sponsorships.
After starting the season 0-4 — three of those losses were by one run — University, under head coach Andrew Suvunnachuen, has found its way, winning the last four, all in Bay Counties League play, by a combined 51-6 count over Lick-Wilmerding (16-1 and 11-3) and San Domenico (13-2 and 11-0).
Senior catcher and pitcher Jett Messenger leads the way with a .447 average, while getting on base at a .638 rate. He also leads the team with 20 stolen bases. Junior third baseman Tate Gebhart is hitting .419, while Leo Felder and Behbart share the RBI lead with 15 each.
Junior Matthew Foley is 3-2 on the mound with a 2.38 ERA and 25 strikeouts in 17.2 innings.
Riordan, under second-year head coach Craig Sargent, was 5-5 in nonleague games but lost six straight in the rugged WCAL, losing two tough games this week to Mitty (3-2 and 7-4). Junior third baseman and pitcher Santiono Williams leads the team in batting average (.371), on-base percentage (.488) and stolen bases (nine). He’s also been the team’s top pitcher at 4-2 with a 2.84 ERA.
The teams have split two previous games in their history, with Riordan winning 2-0 in 2023 and University prevailing 5-0 in 2021.
St. Ignatius, led by ninth-year head coach Brian Pollzzie, has already secured the Bruce-Mahoney trophy with four straight wins — one each in football, girls volleyball, boys basketball and girls basketball — but this rivalry is always spirited.
The Wildcats, who are ranked fourth in the Bay Area by the San Francisco Chronicle, are coming off a tough 3-0 home loss to No. 2 St. Francis on Friday after beating the host Lancers 10-6 on Tuesday.
The team is led by Stanford-bound Archer Horn, who is hitting .486 with four home runs and a .604 on-base percentage. The shortstop and pitcher also has not allowed an earned run in three pitching appearances while registering one save.
Pitching is a team’s strength with a 2.59 ERA, led by a brigade of strong arms including Leo Rhein (2-0, 2.38), Tycco Giometti (2-1, 2.62), Charlie Stecher 1-1, 0.72) and Chase Gordon (1-0, 2.80). The team is missing standout Finn Demuth, out of the season after undergoing Tommy John surgery.
Sacred Heart Cathedral, led by fourth-year head coach Gregg Franceschi, has scored 60 runs on the season and given up 61. The Irish are coming off two losses to eighth-ranked Valley Christian (5-2 and 10-1).
They are led offensively by junior outfielder Brody O’Sullivan (.381) and senior infielder Jacob Vines (.378). Johnny Nepomuceno and Max Nylander are other run-producers. Zach Stallworth (37 strikeouts, 29.2 innings) and Cooper Rogers Lewis (0.25 ERA) have been the team’s top pitchers.
The series has been remarkably close since 2005 with Sacred Heart Cathedral holding a 27-20 edge, though St. Ignatius won both games last season (5-0 and 6-3) after the Irish won 9-7 and 1-0 in 2024.
Marin Catholic hopes to get back to winning after starting the season 9-1, but have since lost six straight, four in Marin County Athletic League play, including 4-2 to Novato on Thursday. Senior outfield Luke Martin is the team’s leading hitter at .478 while senior infielder and pitcher Cooper Mitchell is at .455. Senior infielder Walker Untermann leads the team with 15 RBIs.
Acalanes is at the other end of the spectrum, winners of five of six after a 2-5-1 start. Junior infielder Tyler Winkles, also a highly recruited quarterback in football, leads the team with a .383 average and nine stolen bases. Riley Gates (2-3, 2.49 ERA, 30 strikeouts) is the team’s top pitcher.
The teams have played three times, all since 2022, with Marin Catholic owning a 2-1 lead. Acalanes won last year’s game 8-7.
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