City of South San FranciscoBelow Market Rate Housing
2230 Gellert Boulevard, Unit 3105
Background
January 10, 2024 – City Council authorized the purchase of the unit using the City’s Commercial Linkage Fee Fund (Fund 823).
Unit was purchased for the price of $722,234 with the income restriction of 80% of the area median income.
Property
Three- Bedroom, two- bathroom unit
1,290 square feet
Two parking spaces assigned to the unit
Included appliances: in unit washer and dryer, dishwasher, refrigerator and stove.
Amenities and services include access to gym, playground, security, and grounds maintenance.
Common Areas & Amenities
Recommendation
Staff recommend marketing the unit to median income household – those making less than 100% of the area median income.
Recommended sale price would be $553,012.