Why this matters
Because C-3 zoning Unlock: Downtown Revitalization Financing District — status: VERIFY_WITH_AHJ Risk: Historic designation [HIGH]
→ Brief IC on thesis in one slide — use bullets as talking points.
Loading opportunity intelligence…
0235022
Acquisition opportunity
0050 CALIFORNIA ST
C-3-O - Downtown- OfficeDowntown Commercial → Residentialunknown
C-3 zoning
Conversion41/100
Unlock43/100
Code / seismic risk65/100
Recommended play
Downtown Commercial → Residential
Next action
Confirm residential allowance + incentives
Live signals
ConvConversion pressureHIGH
RedevRedevelopment pressureLOW
AHJZoningC-3-O - Downtown- Office
AHJOverlayDowntown Revitalization Financing District
ActConversion tierMARGINAL
ActEntitlement signals4 chips · 4 active
ConvConversion pressureHIGH
RedevRedevelopment pressureLOW
AHJZoningC-3-O - Downtown- Office
AHJOverlayDowntown Revitalization Financing District
ActConversion tierMARGINAL
ActEntitlement signals4 chips · 4 active
Opportunity snapshot
6 signals · action-orientedWhat unlocks value
Downtown Revitalization Financing District — status: VERIFY_WITH_AHJ
→ Assign analyst to validate unlock path and overlay documentation.
What kills the deal
Historic designation [HIGH]
→ Stress-test downside in IC — assign risk owner before term sheet.
Required verification
VERIFY_WITH_AHJ for height, FAR, setbacks, allowed dwelling unit density, and use permissions.
→ Open AHJ verification tracker — no underwriting sign-off until cleared.
Financial signal
—
→ Route to capital markets — confirm stack matches recommended play.
Jurisdiction signal
C-3-O - Downtown- Office · Downtown Revitalization Financing District · 300-S
→ Order zoning letter and overlay confirmation — jurisdiction risk is binary.
Action queue
- Immediate
Confirm residential allowance + incentives
C-3 zoning
- Recommended play
Downtown Commercial → Residential
Downtown Revitalization Financing District — status: VERIFY_WITH_AHJ
- Entitlements
Confirm residential use permissibility, historic status, and fee liability with Planning counter / zoning administrator.
From approval path engine block.
- Downtown Commercial → Residential
Confirm residential allowance + incentives
C-3 zoning
Deal risk
Historic designation
→ Partner review required — do not advance without risk sign-off.
- Historic designation
- Zoning envelope unknown
- Code conversion feasibility
- Historic designation
Scenario layer
Compare plays · select strategyOffice-to-residential conversion
Conversion screen · Bulletin 12 path
- Conversion pressure
- HIGH
- Change of use or reuse within or modestly beyond existing shell.
- VERIFY_WITH_AHJ
→ Screen conversion feasibility — confirm Bulletin / code path and unit economics before LOI.
Underwriting preview
Downtown / central commercial context; adaptive reuse profile (office or C-3 with building age over 30 years); financing and incentive review warranted. Numeric zoning limits and entitlements are VERIFY_WITH_AHJ; confirm with Planning before underwriting.
→ Open underwriting engine — stress scenarios before term sheet.
Financing
Open model—
Full dossier
Engine trace, memo sections, and underwriting — expand as needed.
Underwriting engine v1
Deterministic redevelopment economics — user assumptions drive every output. IC screens: YoC ≥ 6.25%, margin ≥ 20% (caution bands 5.75% / 12%). 505 Sansome templates seed duration and $/SF — verify all inputs.
Seeded GBA: summary_metrics.building_area_sqft (engine cache)
I
Acquisition
USD
%
II
Existing asset & scenario
SF
From engine cache — verify with assessorUSD
III
Hard costs
SF
$/SF
%
IV
Soft costs & carry
% of hard
mo
USD/mo
V
Financing
%
%
mo
%
VI
Operations & exit
SF
$/SF/yr
%
% of EGI
%
%
Decision summary
- Recommended play
- Downtown Commercial → Residential
- Why
- C-3 zoning
- Unlock
- Downtown Revitalization Financing District — status: VERIFY_WITH_AHJ
- Primary risk
- Historic designation [HIGH]
- Next action
- Confirm residential allowance + incentives
Engine reasoning
Deterministic trace from cached buildability output. Where inputs are incomplete, items are flagged VERIFY WITH AHJ — no inferred zoning standards.
Conversion logic
- Because conversion_pressure is HIGH (economic_signal).
- Use type on record: Office - High Class C.
- Zoning district: C-3-O - Downtown- Office.
Fields: economic_signal.conversion_pressure · economic_signal.interpretation · property_data.use_type · baseline_conditions.use_type · zoning_data.zoning_district · ranked_strategies (office_to_residential) · use_type: Office - High Class C · zoning_district: C-3-O - Downtown- Office
Adaptive reuse logic
- Because Office building
- Because Older than 30 years
- adaptive reuse opportunity: detected
- building older than 30 years: detected
- downtown commercial to residential opportunity: detected
- office or c3 zoning: detected
- Year built: 1971.
Fields: ranked_strategies (adaptive_reuse) · existing_asset_reuse.signals · baseline_conditions.year_built_parsed · property_data.year_built · year_built: 1971 · building_area: 663487
Redevelopment pressure
- Because redevelopment_pressure is LOW (economic_signal).
Fields: economic_signal.redevelopment_pressure · economic_signal.underbuilt_signal · economic_signal.obsolete_office_signal · economic_signal.existing_far_ratio · baseline_conditions.existing_far_ratio · parcel_area: 39886 · building_area: 663487
Risk logic
- Historic designation [HIGH]
- Code conversion feasibility [HIGH]
- Zoning envelope unknown [MEDIUM]
Fields: deal_killers[] · ranked_strategies[].risks · deal_killers[].severity
Value unlocks
- Downtown Revitalization Financing District — status: VERIFY_WITH_AHJ
- Planning Director Bulletin No. 12 (commercial-to-residential) — status: VERIFY_WITH_AHJ
- Downtown Park Fee / impact fees — status: VERIFY_WITH_AHJ
- Historic preservation / Article 11 — status: VERIFY_WITH_AHJ
- Environmental review / CEQA — status: VERIFY_WITH_AHJ
- Building code / fire-life-safety / seismic feasibility — status: VERIFY_WITH_AHJ
- Incentive and financing stack (local + state) — status: review_scheduled
Fields: overlay_opportunities[] · zoning_data.planning_areas · zoning_data.redevelopment_areas · zoning_data.special_use_districts · height_bulk_district: 300-S · planning_areas: Downtown
Next verification
- Confirm residential use permissibility, historic status, and fee liability with Planning counter / zoning administrator.
- VERIFY_WITH_AHJ for height, FAR, setbacks, allowed dwelling unit density, and use permissions.
- Planning verification of downtown / special district overlays and financing district boundaries.
- Building and fire department pre-application for conversion / egress feasibility.
- Residential density limits and bonus eligibility
- Parking requirements and reductions
- Use permissions for proposed program (office vs residential vs mixed)
- Development impact fees and timing
- Approval pathway (ministerial vs discretionary)
- What residential unit count and mix are desired, and do they fit objective standards once zoning limits are verified?
- Is demolition in scope, or is retention of the existing shell required by financing or preservation?
Fields: approval_path.immediate_next_step · approval_path.required_verifications · verify_with_ahj · buildability.next_questions