168 Sickles
2175 Market Street
April 30, 2021
11 INNES COURT
May 5, 2021
In close coordination with Supervisor Safai, the Mayor’s Office of Housing and Community Development (“MOHCD”), and the SF Housing Accelerator Fund “(HAF”), the San Francisco Housing Development Corp. (“SFHDC”) worked with MEDA to acquire and renovate this property through the City’s Small Sites Program (“SSP”). SFHDC became the sole owner of the site at acquisition closing on March 31, 2021, and renovations began in July 2021, with substantial completion on October 31, 2021, following temporary, off-site relocation of all tenants.
Each apartment consists of a large living area, a living room and kitchen area, and spacious bedrooms. Renovations included new siding and railings, a new roof, remodeled bathrooms and kitchens, updated finishes, common area improvements, and interior and exterior painting. The majority of residents have been on-site long-term. Three of the units are occupied by low-income seniors, who have each lived in their units for 20-30 years. Existing rents are in the $1,100- 2,000 range. The property is now permanently affordable for low- and moderate-income households via the City’s SSP requirements.
Read Affordable Housing Ahead of Schedule and Under Budget to learn more about 168 Sickles.
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- David Sobel, CEO of San Francisco Housing Development Corporation, speaks at a ribbon cutting event to mark the grand opening of a newly renovated 12-unit apartment complex in the Excelsior District of San Francisco, Calif., on January 28, 2022, as part of San Francisco Housing Development Corporation’s Small Sites Program. Through the program, the property will remain permanently affordable for low- and moderate-income households.
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- San Francisco Supervisor Ahsha Safai tours a newly renovated apartment unit in San Francisco, Calif., on January 28, 2022, as part of San Francisco Housing Development Corporation’s Small Sites Program. Through the program, the property in the Excelsior District will remain permanently affordable for low- and moderate-income households.
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- A newly renovated apartment unit in San Francisco, Calif., is seen on January 28, 2022, as part of San Francisco Housing Development Corporation’s Small Sites Program. Through the program, the property in the Excelsior District will remain permanently affordable for low- and moderate-income households.
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- Anewly renovated 12-unit apartment complex in the Excelsior District of San Francisco, Calif., is seen on January 28, 2022. Through San Francisco Housing Development Corporation’s Small Sites Program, the property will remain permanently affordable for low- and moderate-income households.
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- San Francisco Supervisor Ahsha Safai, center, leads a ribbon cutting to mark the grand opening of a newly renovated 12-unit apartment complex in the Excelsior District of San Francisco, Calif., on January 28, 2022, as part of San Francisco Housing Development Corporation’s Small Sites Program. Through the program, the property will remain permanently affordable for low- and moderate-income households.
168 Sickles
168 Sickles Ave.
San Francisco, CA 94112
Development Partner:
MEDA
Construction Lender:
HAF
Permanent Lender:
MOHCD
General Contractor:
Blackline Construction
Construction Manager:
Sara Lope
Property Manager:
2B Living
Details:
12 units
Built 1964
Four stories
6 one-bedroom units; 6 two- bedroom units 10 units currently occupied Located near transit, grocery stores, and 280 Freeway
One parking space per unit in tuck-under garage
10,641 sqft building, on a 4,455 sqft lot
Purchase Price:
$3,850,000
Rehab costs:
$845,000
Acquisition & Construction Loan:
$5.6M HAF Est. Permanent Financing: $6.2M MOHCD