1578 Indiana Street 11, San Francisco, CA 94107, San Francisco, 94107 - 1 bed, 2 bath
1578 Indiana Street 11
San Francisco, CA 94107
Property Price
SUMMARY
Analysis of 1578 Indiana Street 11, San Francisco, CA 94107 is currently available with a list price of $375,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
The property, built in 2003, is 21 years old. While it is move-in ready and appears well-maintained with hardwood floors and recessed lighting in main areas, the kitchen and bathrooms feature styles and finishes that are characteristic of its build era and are now considered outdated. The kitchen has light wood cabinets and dark speckled granite, and the bathrooms have similar wood vanities, beige tiled showers, and dated globe light fixtures. All major components are functional and clean, but aesthetic updates would be beneficial to modernize the space.
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).
- Unbeatable Price Point
The list price of $375,000 offers an extraordinary value for a condominium in San Francisco, significantly below market rates due to its Below Market Rate (BMR) designation.
- Prime San Francisco Location
Located in San Francisco, the property benefits from a highly desirable address with strong demand and convenient access to urban amenities and cultural attractions.
CONSRISKS & DEFICIENCIES
- Rigorous Buyer Eligibility
The property is subject to strict income limits, first-time homebuyer requirements, and the necessity of holding an active San Francisco Business License for art activities, severely limiting the potential buyer pool.
- Resale Controls and Restrictions
As a BMR unit, it comes with resale controls, monitoring, and other restrictions imposed by MOHCD, which can impact future appreciation and ownership flexibility.
- Substantial Monthly HOA Dues
The association fee of $905 per month is a considerable ongoing expense that buyers must factor into their budget, potentially impacting affordability.
About 1578 Indiana Street 11
First Come First Serve! No lottery. Temporary Waivers May Apply to the Following: 1 bedroom Below Market Rate (BMR) housing opportunity available at 120% Area Median Income (AMI). Maximum income for 1 Person = $125,900; 2 = $143,900; 3 = $161,800, etc.Artist Live/Work Unit At least a member of the household member must hold a valid and active San Francisco Business License to authorize art activities at the time of applicationMust 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. Unit will be listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org). Visit https://housing.sfgov.org for application & program info. Fair Housing Opportunity.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2003
- Lot Size
- 4,981 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $905 / Month
Neighborhood Insights
San Francisco Unified Schools
King (Starr) Elementary School
Grades K-5 • 0.5 mi
Daniel Webster Elementary School
Grades K-5 • 0.8 mi
Malcolm X Academy
Grades K-5 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 49% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 962 | 944 | 50% |
| Lot Size | 4,981 | 12,734 | 33% |
| Price | $375.0K | $875.0K | 4% |
| Price per sq ft | $390 | $855 | 18% |
| Built year | 2003 | 2001 | 60% |
| HOA | $905 | $805 | 60% |
| Days on market | 1368 | 184 | 99% |
Pricing History
Listed for Sale
Jun 8, 2022
$375,000
Initial Listing
Sold
Feb 27, 2009
$334,500
Public Record