1400 Mission Street 1303, San Francisco, CA 94103, San Francisco, 94103 - 1 bed, 1 bath
1400 Mission Street 1303
San Francisco, CA 94103
Property Price
SUMMARY
Analysis of 1400 Mission Street 1303, San Francisco, CA 94103 is currently available with a list price of $388,000. 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 was built in 2015, making it only 9 years old and well within the 'built within 10 years' criteria for an excellent rating. The images show a modern, clean, and well-maintained unit. The kitchen features contemporary flat-panel white cabinetry, dark countertops, and white appliances that appear to be in excellent condition. The bathroom is equally modern and clean, with a standard tub/shower combo and a functional vanity. Flooring is a mix of clean carpet and wood-look laminate/vinyl. There are no visible signs of wear, tear, or deferred maintenance, indicating the property is move-in ready and meets current quality standards for a property of its age and type.
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).
- Affordable Price Point (BMR)
The property offers a Below Market Rate (BMR) housing opportunity at a significantly reduced price of $388,000, making homeownership accessible in an otherwise expensive San Francisco market for eligible buyers.
- Excellent Transit-Oriented Location
Located minutes walk from BART, providing convenient access to SFO, OAK, and the entire Bay Area, which is highly desirable for commuters and urban dwellers.
CONSRISKS & DEFICIENCIES
- Strict Eligibility & Resale Restrictions
The BMR program imposes significant income limits, first-time homebuyer requirements, and future resale controls, severely narrowing the potential buyer pool and limiting investment flexibility.
- High Monthly Association Fee
A monthly association fee of $547 is substantial for a 1-bedroom unit, particularly for an income-restricted property, which can impact overall affordability and monthly expenses.
- Parking Not Included
Dedicated parking is not included with the unit; while permitted street parking is available and secure parking can be rented, this represents an additional cost and potential inconvenience in a dense urban area.
About 1400 Mission Street 1303
1 bedroom Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 1 person = $104,900; 2 people = $119,900; 3 people = $134,850; 4 people = $149,850; 5 people = $161,850. Must be 1st-time homebuyer & income eligible. Exceptions may be granted due to Buyers Temporary Eligibility Waivers being applicable. Unit available thru the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring & other restrictions. Unit will be listed on DAHLIA, the SF Housing Portal https://housing.sfgov.org). Visit https://housing.sfgov.org for application & program info. This is a Fair Housing Opportunity. Permitted street parking with City issued sticker. Secure parking available for rent. Well designed, light-filled, 1 bedroom 1 bath BMR condo with plenty of space. Minutes walk from the Bart and convenient access to SFO, OAK and all the Bay Area has to offer. This secured building offers a full time lobby attendant, 2 open green spaces, and a locked bike room.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2015
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $547 / Month
Neighborhood Insights
San Francisco Unified Schools
Tenderloin Community
Grades K-5 • 0.5 mi
Muir (John) Elementary School
Grades K-5 • 0.7 mi
Redding Elementary School
Grades K-5 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 2.0 | 37% |
| Square foot | 655 | 963 | 29% |
| Lot Size | - | 7,776 | 15% |
| Price | $388.0K | $849.1K | 8% |
| Price per sq ft | $592 | $818 | 15% |
| Built year | 2015 | 2003 | 63% |
| HOA | $547 | $742 | 24% |
| Days on market | 541 | 219 | 0% |
Pricing History
Listed for Sale
Sep 12, 2024
$388,000
Initial Listing
Sold
Feb 5, 2016
$268,500
Public Record