T
he San Francisco property in question was listed at a low price of $416.67 per month plus utilities, which was occupied by tenants who had been living there since the 1970s. The property was valued at $1.8 million but was sold to Cheryl Lee, Todd's sister, for $488,000 after a legal entanglement between family members.

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    The seller, Todd Lee, had accepted an offer from his sister Cheryl Lee, who was living in the house with their 83-year-old mother Sandra Lee. The sale of the property was complicated by family tensions and legal issues.

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    The property listing indicated that the tenants had the right to stay in the house until 2053, which was a significant caveat in the property's low listing price.

    The history of the property dates back to the 1970s when Sandra's parents bought it for $52,000. They lived there until they passed away, but when the property was listed for sale, family dynamics took a sharp turn. Sandra Lee accused her sons Todd and Cedric Goo of selling the property behind her back, which she claimed went against her wishes.

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    Sandra claimed that her late stepfather Kenneth Goo prepared a lease for her ahead of his death in 2022, which assured low rent and occupancy rights until 2053. She said this lease was the reason she didn't know where they would be without it.

    Todd denied any wrongdoing and explained that he chose to sell the house to avoid a drawn-out legal battle, even though other buyers had offered more money. He stated that he wanted to handle the situation quietly, but when his mother spoke out, the situation got worse.

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    The house was part of a complex financial setup involving Cheryl, Sandra, and Cedric as beneficiaries of the trust. The three shared a 62.5% share of the trust, with Sandra and Cedric holding a 37.5% share each, while Cheryl had a 25% share.

    After Kenneth's death, the home's market value increased from $143,152 to $1.4 million, and property taxes went from $1,717 to $16,928 annually. Todd mentioned that Cheryl covered the latest tax bill, and the family trusts' lawyer Robert Roddick confirmed this. He also revealed that a broker valued the house at $1.8 million if the tenants weren't a factor.

    Despite the drama, the house was sold to Cheryl and Sandra for $488,000. According to Roddick, this means that Sandra and Cheryl could own a home worth $1.8 million while Cedric receives a reduced share from the sale. The sale may have closed, but the story behind it continues to unravel.

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