Property Overview:
1875 Mission St, Apt 205 is a 2-bedroom, 1-bathroom condominium in a boutique-style building located in the Mission/Valencia Corridor, San Francisco, CA. Built in 2014, it offers 781 sq. ft. of living space, modern finishes, and parking included. The unit is a Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Estimated home value: $860,900.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 18.2% (higher than state average of 11.8%).
- Property crime risk: 8.7% (lower than state average of 10.8%).
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Schools:
Nearby schools include Marshall Elementary, Everett Middle, and Mission High.- Average SAT score: 874 (below state average of 975).
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Job Market:
- 50.1% white-collar jobs, 49.9% blue-collar jobs.
- Unemployment rate: 8.0% (higher than state average of 4.7%).
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Demographics:
- Community population: 20,017 (3% growth since 2000).
- 32% families with children.
- Largest age group: 25-34 years (23.82%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 47.8°F (January), 64.4°F (July).
- Average rainfall: 22.1 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $45,722.
- Average annual spending: $40,380.
Property Features:
- Contemporary and sleek design with a neutral palette.
- Open-concept floor plan for efficient living.
- Amenities:
- Rooftop pool (one of SF’s only rooftop pools).
- Gorgeous lobby.
- Heated pool, rooftop deck, and pet relief area.
Eligibility & Application:
- Below Market Rate (BMR) housing opportunity at 100% AMI.
- Maximum income:
- 2 people: $102,500.
- 3 people: $115,300.
- 4 people: $128,100.
- 5 people: $138,350.
- Maximum income:
- Requirements:
- Must be a first-time homebuyer and income eligible.
- Subject to resale controls, monitoring, and other restrictions.
- Application Process:
- Listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org).
- Application, loan pre-approval, and homebuyer education verification due by 9/2/2020 at 5 PM.
- No lottery – first come, first served.
Location Benefits:
- Situated in the vibrant Mission/Valencia Corridor.
- Close to public transportation and local amenities.
- Ideal for urban living with access to stylish and luxurious features.