New SEO-optimized title: 'Trendy San Francisco Home Available for $488K, Move-In Delayed Until 2053'

Money | June 22, 2024, 3:03 a.m.

A unique opportunity has surfaced in a ritzy San Francisco neighborhood with a home listed for a shockingly low price of $488,000, but there's a catch - prospective owners won't be able to move in for almost 30 years. The 3-bedroom, 2-bathroom Edwardian-styled home, located near the city's northern shore, comes with tenant occupancy rights until 2053. The listing, which has generated significant interest, reveals the eccentric rental terms and monthly rent of $416.67. The property's market value has seen a steep decline, but neighboring homes are still valued at millions. Nearby, a luxury row house sold for $10 million at half its original price. This peculiar real estate scenario offers a substantial discount for buyers willing to wait decades before calling this exclusive San Francisco neighborhood home.