This is currently called 3003 Van Ness and owned by Equity Residential, a $23 billion corporation from Chicago. When I moved in all of the older residents talked about how it has declined. I had to see for myself. I lived here for three years and each year my rent skyrocketed. This is supposed to be a rent controlled building but they get around the rent control by putting an absurd number in your lease and then giving you a discount or concession the first year. In my case the listed rent was more than $1000 higher than the actual rent the first year. Although the rent increase is controlled by the city, they shrink the concession (uncontrolled) to raise the actual rent.

When I left, the best rent I could negotiate with them was hundreds of dollars a month more than what they immediately listed my apartment on the website. That is, they were overcharging me by $300 a month. People are willing to accept above market rents so that they will not have the inconvenience of moving or the difficulty of negotiating with the building. It is a racket where they exploit their tenants. Unfortunately, it is also indicative of their general attitude of squeezing the tenants to increase their profits from the building each quarter. They do this by increasing fees, cutting back on maintenance staff and doing away with amenities.

Age 60s