A 3-bed apartment in San Francisco is on the market for $488K. The catch? You can't move in for 30 years.

• A San Francisco home that is listed for $488,000 is valued at more than triple that.
• The catch is that a tenant already lives there and has the right to do so for another 30 years.
• San Francisco is famously expensive, and bargain properties rarely come up.

A three-bedroom home in San Francisco is up for sale for $488,000.

This might seem like a bargain in a famously expensive city, where the average sale price is more than $1.4 million.