San Francisco street sells for $90K. Neighbors aren't happy - Spokane, North Idaho News & Weather KHQ.com

San Francisco street sells for $90K. Neighbors aren't happy

Posted: Updated:
Photo: Cece Blase/Twitter Photo: Cece Blase/Twitter
SAN FRANCISCO -

The price of a San Francisco home can easily top a million dollars. But one savvy investor has bought up a whole street for a mere $90,000.

Real estate investor Michael Cheng and his wife, Tina Lam, bought the street lined with large homes at a city auction in 2015 stemming from an unpaid tax bill. They now own the sidewalks and other areas of "common ground."

The San Francisco Chronicle reports Monday that some of the wealthy residents of the street known as Presidio Terrace were not aware it was for sale and are not pleased it's been sold.

Homeowners are now petitioning the Board of Supervisors to rescind the tax sale. A hearing has been scheduled for October. They also are suing the couple and the city.

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Vehicle goes over embankment at High Drive & 33rd, one person dead

    Vehicle goes over embankment at High Drive & 33rd, one person dead

    Monday, October 22 2018 9:19 PM EDT2018-10-23 01:19:10 GMT

    SPOKANE, Wash. - Spokane Police say one person has died after driving over the embankment near High Drive and 33rd.  The victim hasn't been identified.  Crews will be working in the area for the foreseeable future so avoid the area if you can.  The cause of the crash is under investigation. 

    >>

    SPOKANE, Wash. - Spokane Police say one person has died after driving over the embankment near High Drive and 33rd.  The victim hasn't been identified.  Crews will be working in the area for the foreseeable future so avoid the area if you can.  The cause of the crash is under investigation. 

    >>
  • One man dead, another arrested after shooting near Post Falls

    One man dead, another arrested after shooting near Post Falls

    Sunday, October 21 2018 10:57 AM EDT2018-10-21 14:57:39 GMT

    POST FALLS, Idaho - Kootenai County Deputies arrested a man for involuntary manslaughter after they say he shot and killed another man Saturday evening near Post Falls. Deputies responded to reports of a shooting on Gallatin Way near Post Falls just before 7 pm. Deputies and medical personnel arrived and found a man, identified as Tyler S. Liles, with a single gunshot wound.

    >>

    POST FALLS, Idaho - Kootenai County Deputies arrested a man for involuntary manslaughter after they say he shot and killed another man Saturday evening near Post Falls. Deputies responded to reports of a shooting on Gallatin Way near Post Falls just before 7 pm. Deputies and medical personnel arrived and found a man, identified as Tyler S. Liles, with a single gunshot wound.

    >>
  • PHOTOS: Family treasures stolen from Spokane family

    PHOTOS: Family treasures stolen from Spokane family

    Monday, October 22 2018 8:33 AM EDT2018-10-22 12:33:01 GMT

    SPOKANE, Wash. - Spokane County Sheriff's Deputies continue to investigate a break-in that happened Tuesday morning at approximately 8:08 AM. The victims say precious family treasures were stolen. "I stayed home for a few days after it happened," said Mandie Snyder.

    >>

    SPOKANE, Wash. - Spokane County Sheriff's Deputies continue to investigate a break-in that happened Tuesday morning at approximately 8:08 AM. The victims say precious family treasures were stolen. "I stayed home for a few days after it happened," said Mandie Snyder. "I wanted to stay here. I wanted to stay here and protect my house." Snyder says their Ring doorbell camera captured a man lurking around their property and then kicking their front door several times.

    >>
HD DOPPLER 6i
/
  • Top Stories from KHQHomeMore>>

  • Veterinarian: Stop driving trucks with dogs unsecured

    Veterinarian: Stop driving trucks with dogs unsecured

    Tuesday, October 23 2018 2:05 AM EDT2018-10-23 06:05:07 GMT

    There's one thing that Dr. Brian Hunter can't stand. "This is my pet peeve. Of all the injuries that I see, it's the thing I hate to see the most," Dr. Hunter, a veterinarian and owner of Hunter Veterinary Clinic, said. Hunter is talking about drivers of pick-up trucks who travel with their pets unsecured in cargo beds. A dog flew out of the back of the pickup truck and was left behind in Spokane Valley Monday morning. Dr. Hunter said it's a matt...

    >>

    There's one thing that Dr. Brian Hunter can't stand. "This is my pet peeve. Of all the injuries that I see, it's the thing I hate to see the most," Dr. Hunter, a veterinarian and owner of Hunter Veterinary Clinic, said. Hunter is talking about drivers of pick-up trucks who travel with their pets unsecured in cargo beds. A dog flew out of the back of the pickup truck and was left behind in Spokane Valley Monday morning. Dr. Hunter said it's a matt...

    >>
  • K9 Support Northwest accepting donations in K9 Laslo's memory

    K9 Support Northwest accepting donations in K9 Laslo's memory

    Tuesday, October 23 2018 2:02 AM EDT2018-10-23 06:02:42 GMT

    SPOKANE, Wash. - The Spokane County Sheriff's Office is accepting donations in K9 Laslo's memory. They say K9 Enzo having a big lump removed from his side this week (luckily non-cancerous) at WSU's College of Veterinary Medicine and are hopeful to offset the cost of that.

    >>

    SPOKANE, Wash. - The Spokane County Sheriff's Office is accepting donations in K9 Laslo's memory. They say K9 Enzo having a big lump removed from his side this week (luckily non-cancerous) at WSU's College of Veterinary Medicine and are hopeful to offset the cost of that.

    >>
  • Changes to Washington overtime rules could increase worker eligibility

    Changes to Washington overtime rules could increase worker eligibility

    Tuesday, October 23 2018 1:24 AM EDT2018-10-23 05:24:23 GMT

    SPOKANE, Wash. (AP) - Proposed changes to Washington state's overtime rules could make more professional workers eligible for time-and-a-half pay. The Spokesman-Review reports a draft concept by the state Department of Labor and Industries proposes overtime eligibility for workers earning up to $74,800 in 2019. The proposals are linked to a multiplier of the state's minimum wage, which will increase to $12 per hour next year and $13.50 per hour in 2020.   

    >>

    SPOKANE, Wash. (AP) - Proposed changes to Washington state's overtime rules could make more professional workers eligible for time-and-a-half pay. The Spokesman-Review reports a draft concept by the state Department of Labor and Industries proposes overtime eligibility for workers earning up to $74,800 in 2019. The proposals are linked to a multiplier of the state's minimum wage, which will increase to $12 per hour next year and $13.50 per hour in 2020.   

    >>