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SFSU adds Stonestown Apartments to campus

June 27, 2005

San Francisco State University became the new owner of the Stonestown Apartments on June 15, 2005, increasing the campus size by 14 buildings and 24.81 acres. The 697 apartment units and 1,033 parking spaces are immediately adjacent to the campus, at Winston Drive and Buckingham Way in San Francisco.

No residents will be forced to move with the ownership change, but units will be made available to students, faculty and staff as tenants vacate voluntarily.

"Our campus has one of the largest enrollments in the CSU system, and the smallest acreage," said President Robert A. Corrigan. "This is an important expansion that will help us better serve students, faculty and staff, and create a more cohesive, attractive campus neighborhood."

The Stonestown Apartments are already occupied by a good number of SFSU students who hold private, individual leases. The previous owner, Villa De Anza Inc., estimates that one quarter of the current residents of the complex's one-, two- and three-bedroom units are enrolled at SFSU.

SFSU's demand for student housing has more than doubled in just 10 years, due to a tight rental market in the Bay Area, growth in applications overall, and growth in student applications from beyond the six Bay Area counties closest to the campus.

"Strong population growth in Southern California is generating more interest in Northern California universities," said Jo Volkert, associate vice president for enrollment planning and management. "As San Francisco State becomes more of a destination campus for students from other parts of the state, we need more supervised housing for new students."

SFSU enrolled 234 first-time freshmen from California counties outside the Bay Area in 1992 (19.7 percent of first-time freshmen from California); in 2004, the same group totaled 1,244, or 43.6 percent.

Students are applying to SFSU in greater numbers in all categories. Applications for fall 2005 are 23.1 percent higher than last year for first-time freshmen, 8.8 percent higher for upper- division transfers, and 3.9 percent higher for graduate students.

No taxpayer funds were used for the Stonestown purchase. The $134 million purchase price is being financed by a 30-year California State University systemwide revenue bond issued for the purchase of various properties by CSU campuses. According to Leroy Morishita, vice president for administration and finance at SFSU, property fees and rents will repay the bond as well as maintain the property.

Units are currently available to faculty and staff who are employed by SFSU, or joining the University in fall 2005. Apartment tours are available on Tuesdays and Thursdays at 10 a.m. and 2:30 p.m. No reservation is necessary for the tours; prospective tenants should meet at 295 Buckingham Way and they will be escorted through the property. For information on rental applications, contact Mark Goodrich, director of residential property management, at, or Tiffany Mikami, administrative coordinator for residential property management, at, or call 415-338-1885. Information is available online at: Stonestown Apartments web site.

With this purchase and the recent purchase of a 66-unit parcel at Park Merced this past spring, the University's main campus at 19th Avenue and Holloway has increased from a little more than 100 acres to more than 133 acres. The campus currently offers housing for 2,270 of its 28,804 students.

--Ellen Griffin


San Francisco State University

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Last modified August 26, 2005 by University Communications