Property Overview:
400 Beale St, Apt 507 is a condominium unit in San Francisco, CA, built in 2002. It features 1,102 sq. ft. of living space and includes a parking garage. The estimated home value is $587,600. This is a Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI), with income and eligibility restrictions.
Neighborhood Highlights:
-
Crime Rate:
- Personal crime risk: 31% (higher than state average of 11.8%).
- Property crime risk: 37.9% (higher than state average of 10.8%).
-
Schools:
Nearby schools include Lee (Edwin and Anita) Newcomer, Five Keys Adult School (SF Sheriff’s), and Francisco Middle.- Average SAT score: 874 (below state average of 975).
-
Job Market:
- 76.9% white-collar jobs, 23.1% blue-collar jobs.
- Unemployment rate: 3.3% (lower than state average of 4.7%).
-
Demographics:
- Community population: 1,437 (23% growth since 2000).
- 24% families with children.
- Largest age group: 25-34 years (36.78%).
-
Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
-
Weather:
- Average temperature: 46.9°F (January), 66.2°F (July).
- Average rainfall: 23.4 inches/year.
- Average snowfall: 0 inches/year.
-
Cost of Living:
- Median household income: $90,755.
- Average annual spending: $65,018.
Property Features:
- Bright and spacious unit with Bay and Bay Bridge views.
- 2-bedroom Below Market Rate (BMR) housing opportunity.
- Income eligibility:
- Maximum income for 2 people: $119,900.
- Maximum income for 3 people: $134,850.
- Maximum income for 4 people: $149,850.
- Available through the Mayor’s Office of Housing and Community Development (MOHCD).
- Subject to resale controls, monitoring, and restrictions.
Application Details:
- Listed on DAHLIA, the SF Housing Portal starting 10-25-2024.
- Application, loan pre-approval, and homebuyer education verification due by 11-15-2024 at 5:00 PM.
- Visit https://housing.sfgov.org for more information.