"The owners want the city to retroactively approve the conversion if they agreed to add one in-law unit. The Planning Department didn't buy that, and demanded that the property be restored to what it was: A four-unit rental."
"If the supes side with the owners, the message to speculators will be clear: It's fine to buy a four-unit building, evict the tenants, and make a fortune converting it to a mansion."
The Board of Supervisors is set to consider legalizing the conversion of a four-unit building into a single-family mansion, which could have lasting effects on rental housing. Peter Iskander purchased the building in 2010, evicting tenants, and it was later sold for $4.75 million in 2021. The owners seek retroactive approval for the conversion, but the Planning Department insists on restoring it as a four-unit rental. A decision favoring the owners could encourage similar actions by speculators, threatening the rental market.
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