A historic three-bedroom, two-bathroom home in San Francisco’s Russian Hill neighborhood hit the market for a seemingly bargain price of $488,000 on Zillow. However, the catch is that a long-term tenant paying significantly below-market rent is in place until 2053, making it nearly impossible for any potential buyer to actually move in any time soon. Despite its attractive exterior and Edwardian-style design, the home’s value has plummeted by over 60%, with its listed price well below its Zillow estimate and previous valuation. The property still drew considerable interest, as experts suggest it could be a smart long-term investment for patient buyers who are willing to wait for the tenant’s lease to expire. This unique situation highlights the ongoing challenges and unaffordability of the housing market in California, particularly for average buyers.