“We could charge a reasonable rent on it,” Cheng told the San Francisco Chronicle, which first reported on the street’s sale. They could also sell the street back to the Presidio Terrace homeowner’s association (HOA), presumably at a substantial markup. The private street still boasts an imposing set of gates and round-the-clock security guards. Facebook Twitter Pinterest A construction workers stands in front of the Presidio Terrace, a gated community in San Francisco. Unlike the vast majority of San Francisco streets, Presidio Terrace is private.

Source: The Guardian August 08, 2017 01:52 UTC