SAN FRANCISCO (KPIX 5) — In case you needed any more proof that San Francisco’s real estate market may be reaching the point of ridiculousness, a driveway has hit the market with an asking price of $50,000.
Fred Glick is the real estate agent for the property. He says the owner is an East Coast investor who bought the property at a tax auction.
“I don’t think he knew what he was buying. He just saw an address in San Francisco for a cheap price, and he thought, ‘why not, let’s try it,’” Glick told KPIX 5.
After coming up with a street number so it could be listed on the MLS, Glick says he’s received calls from buyers willing to build long, skinny houses on the land.
“The problem is, there’s nowhere to do it. It is just a driveway that goes into people’s garages,” Glick said.
On top of that, all homeowners with property on Lake, and West Clay have easements to get their cars in and out.