Paul Pelosi and a single room occupancy hotel known as “the pit” May 8, 2018
Pelosi told Mission Local he started dropping by 1312 Utah St. a decade ago to get foot massages from the now-deceased prior owner, Edward Feng, at Feng’s Holistic Healing Center.
Undercover federal agents would, in 2011, buy pills from Feng there which contained arsenic and hallucinogenic chemicals derived from toad poison. Pelosi downplayed this; Feng’s business, he said, wasn’t about the herbs and the arsenic. It was about foot massages (On this, he and the Food and Drug Administration differ).
Pelosi said he has no equity in the building and never has. “It’s not my business,” he told us. “I never got paid. I never expected to get paid.”
And yet there he is, listed in 2015 as the Chief Financial Officer of Feng RE, Inc., the entity that owned 1312 Utah.
Oh. That. That was when Feng gifted him 20 percent equity in the building on his birthday, Pelosi said. He says he refused this offer — it was just too kind and, frankly, the building was hemorrhaging money. Pelosi noted that he had hoped to help Feng unload this money-loser. “At one point,” he says, “I was going to list it for her.”
But it appears Pelosi actually did list this building for Feng.
Squalor continues at ‘The Pit,’ the residential hotel where Paul Pelosi, Jr.’s involvement baffles San Francisco officials May 20, 2019
“The ownership situation there,” sums up one DBI official, “is a boondoggle.”