WHAT WE KNOW

  • So there was an city-run auction sale stemming from homeowner's association fees that were owed in the amount of $994 on a very ritzy-street named Presidio Terrace in San Francisco.
  • Tina Lam and Michael Cheng came up with over $90K to buy the street.
  • It's a private over street with 35 meg-million-dollar mansions worth an average of $5.4 million dollars 
  • Tina and Michael outlasted several other bidders.
  • Now they’re could cash in — maybe by charging the residents of those mansions to park on their own private street.
  • Residents are stunned.

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