Landlord troubles: rich San Franciscans in uproar after their private street is sold

Landlord troubles: rich San Franciscans in uproar after their private street is soldThe neighborhood is one of San Francisco’s most expensive and exclusive. For most San Franciscans accustomed to being at the whims of speculators in a soaring real estate market, the arrival of a new landlord is a near certain harbinger of bad news. Two upstart real estate investors from San Jose, Tina Lam and Michael Cheng, had snapped up the street, the sidewalks and the landscaped islands of Presidio Terrace at a public auction of tax-defaulted properties in April 2015.


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