San Francisco's housing market is so out of control that this 385-square-foot studio home is selling for $500,000

Kurt Manley for Pacific Union International

 

Tucked into the bottom corner of a 110-year-old Victorian house in San Francisco is a 385-square foot apartment that has one bathroom and no bedroom. It's selling for almost $500,000.

It's nestled in San Francisco's tony Presidio Heights neighborhood, where the median home price is almost $5 million according to Redfin. So consider this half-a-million-dollar chateau a steal.

The home is being marketed as the perfect pied-à-terre, a French phrase to describe an abode that's for occasional use. And given its tight footprint, unless you've got a thing for very small spaces, the home seems best suited for popping in periodically to lay your head.

Take a look inside the studio:

The one-story unit at 333B Cherry St. is one of three in the Victorian house. It sits about three minutes away from the opulent homes in the gated loopty-loop of Presidio Terrace.Kurt Manley for Pacific Union International/Business Insider

It was built in 1908 but has been renovated in recent years.Kurt Manley for Pacific Union International

The property is 385 square feet and includes a kitchen and a bathroom.Kurt Manley for Pacific Union International

And...that's it. That's the apartment.Kurt Manley for Pacific Union International

A wall separates the kitchen from what seems to be where the bedroom can go.Kurt Manley for Pacific Union International

See the rest of the story at Business Insider

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SEE ALSO: The Silicon Valley housing market is so dire, these run-down or condemned homes sold for over $1 million

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