Property Overview:
1740 Bancroft Ave #352 is a townhouse in San Francisco, CA 94124, built in 2009. It features 2 bedrooms, 1.5 bathrooms, and 1,117 sq. ft. of living space. The property is part of a Below Market Rate (BMR) housing program at 91% Area Median Income (AMI). The HOA fee is $549.04/month, covering parking, water, garbage, gym, playground, and recreation room. Estimated home value is $759,562, and rental estimates range from $3,297 to $4,130/month.
Neighborhood Highlights:
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Schools:
Nearby schools include Drew (Charles) College Preparatory Academy, Muhammad University of Islam, and King Junior (Martin Luther) Academic Middle School. -
Grocery Stores:
Close to San Francisco Ice Company, Foods Co, and Duc Loi Pantry. -
Coffee Shops:
Nearby options include Trouble Coffee Company, Roadhouse Coffee Shop, and Joyride Coffee Distributors. -
Restaurants:
Local dining includes Simply Delish, McDonald’s, and El Azteca Taqueria. -
Parks:
Proximity to Adam Rogers Park, Portola Recreation Center, and Bayview Hill Park.
Property Features:
- Top-floor, 2-level townhouse with in-unit washer and dryer.
- 1-car garage and access to recreation room, playground, and gym.
- Easy access to HWY 101 and 280 for commuters.
BMR Housing Details:
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Income Eligibility:
- Maximum income for 2 people: $104,900.
- Maximum income for 3 people: $118,050.
- Maximum income for 4 people: $131,150.
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Requirements:
- Must be a first-time homebuyer.
- Must meet income eligibility.
- Subject to resale controls and monitoring by the Mayor’s Office of Housing and Community Development (MOHCD).
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Application Process:
- Listed on DAHLIA, the SF Housing Portal starting 11/27.
- Application, loan pre-approval, and homebuyer education verification due by 1/8/24.
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Open House Dates:
- 12/3: 1–3 PM.
- 12/4: 5–7 PM.
- 12/10: 1–3 PM.
Location Benefits:
- Convenient access to public transportation and major highways.
- Ideal for first-time buyers seeking affordable housing in a vibrant neighborhood.