140 South Van Ness Avenue 341, San Francisco, CA 94103, San Francisco, 94103 - 0 bed, 1 bath
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San Francisco, CA 94103
This Spacious BMR Studio Condominium is a Prime Investment Opportunity, with a List Price of $386,204—positioned well below the $395,386 Fair Market Value by 2%. This valuation gap offers $9,182 in Instant Equity for qualified purchasers. The property maintains a Good Condition Rating with a generous 630 sqft layout, situated near top-tier institutions including Lowell High School (10/10) and Chinese Immersion School At Deavila (9/10). It represents a stable, high-value entry into San Francisco for income-eligible residents and first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 140 South Van Ness Avenue 341 Subject | $386,204* List Price | 0 | 1 | 630 | $608 | - |
A 788 Minna Street 203 Active | $360,000 List Price | 1 | 1 | 554 | $650 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2002, the property is approximately 22-24 years old. While the unit is well-maintained and features updated flooring, the kitchen cabinets, backsplash, and appliances are original to the construction and appear dated, fitting the criteria for a property over 20 years old needing minor updates.
Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Priced significantly below market value at $386,204, this unit provides a rare entry point into the San Francisco housing market for income-eligible first-time buyers.
At 630 square feet, this studio offers a more spacious floor plan than typical urban units, providing ample room for a comfortable living and sleeping configuration.
As a Below Market Rate (BMR) unit, the property is subject to strict income eligibility, occupancy requirements, and resale price controls that limit long-term capital appreciation.
The monthly association fee of $684 is relatively high compared to the mortgage payment, which may strain the debt-to-income ratio for buyers qualifying under the 100% AMI threshold.
Studio Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 1 person = $109,100; 2 = $124,700; 3 = $140,250; 4 = $155,850, etc. Must be 1st-time homebuyer & income eligible. TEMPORARY BUYER ELIGIBILITY WAIVERS: Increase in Qualifying AMI (120% for this unit); Removal of First-Time Homebuyer Requirement: Buyers will no longer be required to be first time homebuyers; Exclusion of Income from Assets: Income derived from assets may be excluded in the eligibility calculation; Flexibility in Homebuyer Education: The required first-time homebuyer education course may be completed after the initial application submission; Reduced Financing Requirements: Minimum financing requirements for buyers may be lowered to assist eligible buyers. 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 6/3/2026 at 8:00 AM PST. Please visit: https://housing.sfgov.org/listings/a0W7y00000H4RKnEAN to view the listing and for application & program info. Fair Housing Opportunity.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 1.5 | 18% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 630 | 1,253 | 23% |
| Lot Size | 43,147 | 10,943.31 | 77% |
| Price | $386.2K | $857.3K | 14% |
| Price per sq ft | $613 | $842 | 18% |
| Built year | 2002 | 2002 | 50% |
| HOA | $684 | $737 | 36% |
| Days on market | 55 | 208 | 5% |
Apr 22, 2026
$386,204
Initial Listing
Nov 30, 2006
$252,000
Public Record