By John Ramos

SAN FRANCISCO (KPIX 5) — A tiny San Francisco property is expected to draw a big price when it sells.

It’s the cheapest house on the market right now, but buyers are looking beyond the tiny home’s outer walls.

To really get an idea of how crazy the San Francisco real estate market is, don’t look at its ceiling, look at its floor.

This house at 459 Ralston St. in the Merced Heights neighborhood is reportedly the cheapest single-family home for sale in the city.

Listed for $649,000, the two-bedroom cottage is less than 600-square-feet and every room needs a complete overhaul.

Listing agent Robert Tao said, “We just did an open house this weekend for two days and so far we have about 100 parties walking through. So, it’s going to be very competitive.”

Built before the 1906 earthquake, no one even knows how old it is, since all the records were destroyed in the fire.

It sits next to an upscale neighborhood that used to be the old Ingleside horse-racing track.

Some believe it may have been the residence of a local jockey or horseman. But with an unusually large lot — just right for a rebuild — local realtors say it will not sell for its asking price.

Coldwell Banker realtor Karen Mai said, “It’s going to go higher…It is very crazy that the price is so high that a lot of people cannot afford it.”

San Francisco firefighter Kevin Day said, “I have not made an offer yet…but I’ve been told I wouldn’t even be able to compete. They’ll probably get $800,000 to $1 million for it.”

While cash investors compete to level places like this and build bigger, people like Day don’t stand much of a chance of finding a place to live in the city.

And that’s a problem.

Day said he’s looking for a place he can fix up.

“Who knows, I might have to stay in my small studio apartment until I retire,” Day said.

Comments (17)
  1. Haha! Californians are idiots. I moved to a “Red” state a while back and for much less than this have quite the property. We need to put that wall around California.

    1. Mr. Racist (@ Thors Tool), Your username & post make it very clear that your problem is your racist world view. Yes, the members of certain Native American Nations have a 25% chance of dying young from an alcohol related death, if they take their first drink. However only a Total Racist Pig like you would think that is funny.
      Please go look in the mirror and ask “What have I become ???”

  2. This is why so many are moving from the insanity thats Kalifornia.

  3. Ra Williams says:

    Hmm, should I stay living in this almost condemned house or should I get $1 million cash? Tough choices for a commie liberal.

  4. It’s called MOVING, Mr. Day. The place next door to me is 45 acres, 1600 sw ft house and a barn for $319K. I left CA, best thing I ever did. How dumb are people? I don’t care what he is making, it’s not enough to live in a toilet.

  5. Jim M. Ryles says:

    Perfect! Let them continue to destroy themselves with the madness that is the progressive liberal socialist hell of Mexifornia.

  6. Why would I want a 150 acre ranch with a 4,500 sq. ft. log cabin on the Clearwater River in Idaho when I could have a closet-sized box in the filthiest city in America?

  7. Heck if you are spending that on a home I am about retirement age I will sell you a nice large motel and antique shop for just a bit more and you can make money, just call it a 55 room house if you have a large family.

  8. Wow folks. Bitter at all? THE MOST BEAUTIFUL CITY IN AMERICA. nuff said.