1075 Market Street 503, San Francisco, CA 94103, San Francisco, 94103 - bed, 1 bath
1075 Market Street 503
San Francisco, CA 94103
Property Price
SUMMARY
Analysis of 1075 Market Street 503, San Francisco, CA 94103 is currently available with a list price of $299,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Francisco Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property, built in 2018, is practically new and in 'beautiful new condition' as stated in the description. The kitchen features modern two-tone cabinetry, stainless steel appliances (gas stove, dishwasher, refrigerator, microwave hood), and a contemporary tile backsplash, all appearing pristine. The bathroom is equally modern with a sleek vanity, dark countertop, undermount sink, and clean tile work in the shower/tub. Hardwood floors throughout the main living areas and modern light fixtures contribute to the overall high quality and contemporary aesthetic. There is no visible wear and tear or deferred maintenance, aligning perfectly with the 'Excellent' criteria for a property built within 10 years with all components new or virtually new.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
- Exceptional Affordability
The list price of $299,000 offers a rare and highly competitive entry point into the San Francisco real estate market for a modern condo, especially as a Below Market Rate (BMR) opportunity.
- Prime Urban Location & Transit
Situated on Market Street, the property boasts superior access to public transportation (two BART stations, numerous bus lines, F-line) and high walkability to essential amenities, dining, and entertainment.
CONSRISKS & DEFICIENCIES
- Significant BMR Restrictions
As a Below Market Rate (BMR) unit, it is subject to stringent income eligibility requirements, potential first-time homebuyer stipulations, and substantial resale controls and monitoring by MOHCD, which can limit future appreciation and owner flexibility.
- High Monthly Association Fees
The $663 monthly association fee is considerable for a 445 sqft studio unit, adding a substantial ongoing cost to homeownership.
- Delayed Availability
The unit will only be available on a first-come, first-served basis starting January 6, 2025, meaning a significant waiting period before a buyer can take possession.
About 1075 Market Street 503
Waivers available! Maximum income now 140%, don't have to be first-time homebuyer, can complete homebuyer education after applying, and more! Studio Below Market Rate (BMR) housing opportunity available at 120% Area Median Income (AMI). Maximum income for 1 person = $125,900; 2 people = $143,900; 3 = $161,800; 4 = $179,800, etc. Must be 1st-time homebuyer & income eligible. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. The unit will be available on a first come first served basis starting on 1/6/2025 at 8:00 AM PST. Interested applicants should go to https://housing.sfgov.org/listings/a0W7y000002rN29EAE to view the FCFS listing information and to apply. Visit https://housing.sfgov.org for application & program info. Fair Housing Opportunity. Beautiful new condition studio at Stage 1075! Includes storage locker. Newer appliances including a gas stove, dishwasher and in unit washer and dryer. Common roof deck with bbq and dog run. The condo is near two BART stations. Many bus lines and the F line stop in front of the building. It is walking distance to Ikea, restaurants, theaters, shopping, and more.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2018
- Lot Size
- 12,286 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $663 / Month
Neighborhood Insights
San Francisco Unified Schools
Tenderloin Community
Grades K-5 • 0.5 mi
Redding Elementary School
Grades K-5 • 0.8 mi
Chinese Education Center
Grades K-5 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 1.0 | 10% |
| Baths | 1.0 | 2.0 | 37% |
| Square foot | 445 | 963 | 10% |
| Lot Size | 12,286 | 11,251.55 | 54% |
| Price | $299.0K | $849.1K | 5% |
| Price per sq ft | $672 | $818 | 22% |
| Built year | 2018 | 2003 | 76% |
| HOA | $663 | $742 | 41% |
| Days on market | 1264 | 219 | 0% |
Pricing History
Listed for Sale
Sep 20, 2022
$299,000
Initial Listing
Sold
Aug 3, 2018
$247,000
Public Record