Presidio Terrace is a small, extremely affluent[1] gated[2] neighborhood in San Francisco that was the first of the master-planned communities built in the western part of the city.
In 2015, as a result of delinquent non-payment of county property taxes by the homeowners association, a San Jose couple, Tina Lam and Michael Cheng, were able to purchase the street, sidewalks and all other “common ground", including garden islands and palm trees, for $90,000.
[11] After the vote, Supervisor Mark Farrell referred to the couple as "bottom-feeding pirates attempting to extort and hold San Francisco residents hostage".
[12] In April 2018, the San Francisco Chronicle reported that the municipal government had failed to bill the homeowner's association for water used for irrigation of landscaping for 113 years.
[6] Many notable San Franciscans have lived in Presidio Terrace over the years, including San Francisco Mayor Joseph Alioto, the former Peruvian Ambassador to the United States Fernando Berckemeyer Pazos, United States Congresswoman and first female Speaker of the House Nancy Pelosi, Senator Dianne Feinstein and her husband, financier Richard C. Blum,[16] and novelist and newspaper columnist Merla Zellerbach.