Bay Oaks (4800 Third Street) consists of eighteen below market rate (BMR) units over 2,100 square feet of ground floor retail and parking for eleven cars. It’s also conveniently located across the street from a Third Street light rail stop.
In the words of the architect:
The site reclaims an urban corner on a long vacant site in the Bayview Town Center. All dwelling units have windows on at least two sides, providing cross-ventilation and daylight. An interior courtyard provides protected open space in this dense, urban neighborhood.
One (12) and two (6) bedroom condos for first time buyers currently priced from $155,864 to $272,934. And as previously noted, income restrictions have recently been relaxed for Phase Two sales in the development. At least seven units remain.
∙ 4800 Third Street [4800thirdstreet.com] [Phase Two Sales Sheet]
∙ Bay Oaks: 4800 3rd Street [vmwp.com]
∙ Relaxing BMR Rules At Mission Walk To Compete With Bank-Owned [SocketSite]