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Updated 6 months ago, 05/24/2024
Ellis act eviction or buyout in San Francisco
Recently bought a conforming duplex in San Francisco that is tenant occupied with two tenants in each unit. One unit is protected one is not. I am currently in negotiations for buyout, it appears non protected are holding firm at 40k total and the protected tenants want 85k total.
My options are to do an owner move in for the non protected tenants and then try to do a ellis act eviction for the protected tenants. I have been having hard time trying to run the numbers. Not sure if it is worth it to just pay them out or proceed with evictions. If I complete the buyout as current I will wipe out the majority of my savings.
Would love to hear any advice or experiences anyone has had with evictions in SF. Thanks