# Alabama Street

## Type
Three New Duplex Townhomes

## Regulatory Approach
SB 684

## City
San Francisco (San Francisco)

## Financial Overview
- **Total Cost**: $7.1m
- **Number of Homes**: 3
- **Cost per Home**: $2.4m
- **Timeline**: 22 months

### Site Plans
#### Before

#### After

## Development Approach
This compound used the following regulatory approach to develop the homes shown.

### Qualified for SB684 Multifamily Development
This property qualifies for up to 4 primary units on subdivided parcels with potential ADUs.

### Qualified for an ADU
This property qualifies for a new detached ADU.

### Not Applicable: SB9
SB9 does not apply: not single-family zoned.

### Not Applicable: SB1123 Small-Lot
SB1123 does not apply: not single-family zoned, property is not vacant.

## Timeline
- **Design**: 2 months
- **Permitting**: 8 months
- **Site Work**: 2 months
- **Construction**: 10 months

**Total Duration**: 22 months (~1.8 years)

## Financials
### Total Project Cost
- **Total**: $7,074,248  
- **3 new units · 7,500 new sq ft**  
   - **Acquisition**: 31%
   - **Soft Costs**: 11%
   - **Hard Costs**: 58%
   
| Category        | Cost       |
|-----------------|------------|
| Acquisition      | $2,163,000 |  
| Soft Costs       | $777,653   |  
| Hard Costs       | $4,133,595 |

### Unit Economics
- **# of original homes**: 0
- **# of new homes**: 3
- **Total homes**: 3
- **# of new sq ft**: 7,500

| Metric             | Value     |
|---------------------|------------|
| Total sq ft          | 7,500     |
| Per Home Cost        | $2.36M    |
| Per Sq Ft Cost       | $943      |

### Total Financing Estimate
- **Acquisition Loan (80%)**: $1.68M
- **Construction Loan (65%)**: $3.19M
- **Cash at Close**: $483K
- **Cash During Build**: $1.72M
- **Total Cash Needed**: $2.20M

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