Property Overview:
270 Valencia St, Apt 201 is a Below Market Rate (BMR) condominium in the Valencia Corridor, San Francisco, CA, built in 2005. It features 2 bedrooms, 1 bathroom, and 816 sq. ft. of living space. The unit includes deeded parking, in-unit washer/dryer, and wood floors in the main living areas. Bedrooms are carpeted. The estimated home value is $814,800.
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:
- Open floor plan: Kitchen flows into dining/living room.
- Modern finishes: Wood floors in living areas, carpeted bedrooms.
- In-unit washer/dryer and deeded parking.
- Income restrictions:
- Maximum income for 2 people: $94,700.
- Maximum income for 3 people: $106,550.
- Maximum income for 4 people: $118,400.
- Maximum income for 5 people: $127,850.
Application Process:
- Eligibility: Must be a first-time homebuyer and meet income requirements.
- Required documents: Application, loan pre-approval, and homebuyer education certificate.
- Application portal: Visit DAHLIA SF Housing Portal.
- Special exceptions:
- Single buyers may qualify.
- Homebuyer education completion may not be required initially.
Location Benefits:
- Prime Valencia Corridor location: Close to Dolores Park, retail shops, bars, and restaurants.
- Public transportation: Easy access to major transit options.
- Vibrant community: Ideal for urban living with nearby amenities.