4800 Condominiums is comprised of 18 residential units over a local restaurant business in the heart of the Town Center district of Bayview. Buyers are first-time homeowners earning between 50%
SFHDC developed 18 affordable condominiums. Two thousand square feet of commercial space is occupied by Radio Africa Kitchen restaurant. The 4800 Condominiums project was financed by San Francisco Redevelopment Agency, Wells Fargo Bank, California Building Equity and Growth in Neighborhoods Program (BEGIN), San Francisco Housing Development Corporation Equity Fund.
4800 Third Street
San Francisco, CA 94124
SFHDC was sole developer.
Date of Completion: November 2009
Income Group Served: 60% – 100% AMI
Common Space: 1,300 sq ft Courtyard, Parking Spaces: 11, and Commercial: 2,100 sq ft
Solar panels, linoleum flooring, recycling chute, bicycle storage, low-VOC paints, across from lightrail platform, water efficient landscape
Sales Price: $141,000 – $272,000
Total Cost: $11,461,104
Cost Per Unit: $636,708
Cost Per Sq Ft: $655