AFFORDABLE LIVING, BAY AREA STYLE UPDATE: Wooden Shack in San Francisco Sells for $408,000:

The dilapidated shack was built as relief housing in 1906 after a devastating 7.8 earthquake ripped through San Francisco and destroyed more than 80 percent of the city. As such, the fixer upper is considered a historical property and cannot be torn down or undergo significant changes.

“[The new owners] are very limited to what they can do,” Han said. “But they are going to fix the foundation, the roof, plumbing…it needs a complete overhaul.”

He added that he has never seen a house in the city go for such a low price.

Earlier post on “Affordable Living, Bay Area Style” here.