17th Street Commons
This development on the west side of 17th Street between O and P Streets was originally developed in 1983 as a limited equity cooperative with 25 residential units and commercial space housed in a 1914 historic structure. In late 1999, CADA acquired the improvements and now manages the development as apartments. Upon acquisition, CADA refurbished the development and converted the commercial space into four additional residential units.
LocationThis development on the west side of 17th Street between O and P Streets was originally developed in 1983 as a limited equity cooperative with 25 residential units and commercial space housed in a 1914 historic structure. In late 1999, CADA acquired the improvements and now manages the development as apartments. Upon acquisition, CADA refurbished the development and converted the commercial space into four additional residential units.
StatusThis rehabilitation was completed by July 2001
DesignCADA acquired 17th Street Commons from the Seventeenth Street Commons Cooperative (SSC) in December 1999 as a result of SSC no longer being able to own and manage the complex. CADA rehabilitated the complex and converted an existing historic structure from office to residential use. The proposed scope of work also involved replacement of glue laminated beams in the parking garage and replacement of decking.
This site features a tree-lined walkway crossing through the development connecting all the units. There is a mix of pitched steep and low slope roofs with stucco and wood shingle siding. Ground level patios at the townhouse units have brick and wooden decks and all the buildings now have aluminum-framed, double-glazed, sliding windows. Many of the units offer French doors as well as fireplaces.
AffordabilityThe complex includes 29 units of which 6 are available at rents of $565 to $737 which are affordable to households earning 50% or less of median income and 6 which are available at rents of $729 to $902 which are affordable to households earning 60% or less of median income. The remaining 17 units are at market rents ranging from $800 to $1,400.
Please contact CADA for the most recent information.
| Status: | Rehabilitation was completed in July 2001. |
| Location: | 17th and O and P Streets |
| Developer: | CADA |
| Unit Count: |
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| Total Building Area: | 16,346 SF |
| Acres: | 1.08 Acres |
| Dwelling Units per Acre: | 26 DUA |
| Parking: | 5 Covered spaces and 10 uncovered spaces |
| Estimated Development Costs: | $1,419,000 (Purchase and Rehabilitation Costs) |
| Sources of Financing: | $1,419,000 California Housing Finance Agency (CHFA) (permanent loan) $445,000 Sacramento Housing and Redevelopment Agency (SHRA) (permanent loan in 2nd position) $446,180 (construction loan) |
| Projected Rents: | Call CADA at (916) 322-2114 for rental information. |
These figures are subject to change.
Please contact CADA or the Developer for the most recent information.
