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A derelict San Francisco property on Yukon Street, near the historic Castro neighborhood, has gone under contract at a $1.3 million asking price despite lacking running water, electricity, and any functional interior condition — a transaction that crystallises the structural supply deficit driving valuations in one of the world's most constrained urban housing markets.
Demand Overwhelms Dilapidation The 2,100-square-foot home has been occupied by a rotating group of squatters for roughly five years, according to the San Francisco Standard.
Listing photographs show boarded-up doors, shattered windows, and interior walls covered in graffiti.
Neighbors reported repeated police callouts for drug use and noise disturbances, and local reports describe the property as littered with hypodermic needles. A poop bucket was found on the top-floor deck.
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