A couple bought one of the most exclusive streets in San Francisco for $90,000
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Loading...Tina Lam and Michael Cheng experience their version of "American Dream".
The name of the street is Presidio Terrace and it has a mansion of $ 35 million.
It is popular among the rich people because of the security measures and it isolated location.
No one can enter or leave without informing the privately hired company that is guarding the closed complex.
The couple is interested in charging the neighborhood's deep-pocketed residents to park on Presidio Terrace. "We could charge a reasonable rent on it," Cheng told the Chronicle.
Unsurprisingly, residents are not happy — more than two years after Lam and Cheng scooped up Presidio Terrace without their knowledge. Many were first made aware of the purchase in May, when a title-search company working on behalf of the couple contacted them to see whether they were interested in buying back the property outside their homes.
The average property price there starts at $ 5.1 million.
Here you can see pictures from the neighborhood:
Source: Business Insider
Junior Trader Stefan Panteleev
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