Affordable Bay Area Home for Sale: Tenant in Place until 2053 - Don't Miss Out!

Money | June 21, 2024, 6:14 p.m.

A unique opportunity presents itself in San Francisco's Russian Hill neighborhood with a home listed for sale at a bargain price of $488,000. The catch? You won't be able to move in for the next 29 years, as the current tenant holds a long-term rental agreement until 2053. Despite the wait, the potential for future gains is promising, as the tenant pays significantly below market-rate rent for the spacious three-bedroom, one-bath house. The listing has garnered significant interest, with lines forming for tours of the property. Real estate experts recommend the opportunity for "land banking," where buyers can wait for the tenant's lease to end and reap potential benefits in the future. This unconventional listing highlights the diverse and intriguing options available in the San Francisco housing market, making it an attractive prospect for savvy investors or those looking for long-term investments.