355 1st Street S207, San Francisco, CA 94105, San Francisco, 94105 - 2 bed, 2 bath
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San Francisco, CA 94105
This Below Market Rate (BMR) Condominium represents a Strong Value Opportunity, listed at $364,812—positioned well below the $364,812 Fair Market Value (subject to program restrictions). Featuring a Good Condition Rating, this unit offers a functional layout with access to luxury amenities like an indoor heated pool, spa, and roof deck. Located in the vibrant Rincon Hill district, it provides proximity to top-rated schools like Chinese Immersion School at Deavila. This is an ideal acquisition for income-eligible buyers or first-time buyers seeking a stable, amenity-rich urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 355 1st Street S207 Subject | $364,812* List Price | 2 | 2 | 963 | $379 | - |
A 400 Beale Street 701 Active | $429,351 List Price | 2 | 2 | 1,223 | $351 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, the property is exactly 20 years old and fits the 'Good' criteria. The kitchen and bathrooms appear to be original but are well-maintained, functional, and move-in ready. While the finishes like the wood cabinetry and granite countertops are slightly dated, the overall condition of the unit and the high-end building amenities indicate a well-preserved living space.
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 at $364,812 for a 2-bedroom in a prime San Francisco neighborhood, this unit offers a rare opportunity for income-eligible buyers to achieve homeownership significantly below market rates.
The Metropolitan provides a full-service living experience with premium amenities including a 24-hour doorman, indoor heated pool, fitness center, theater room, and a landscaped roof deck.
As a Below Market Rate (BMR) unit, the property is subject to strict MOHCD guidelines, including income caps and resale price restrictions that limit long-term capital appreciation.
The association fee of $1,242 per month is substantial, representing a significant recurring cost that may challenge the budget of buyers within the 100% AMI income bracket.
Enjoy city living at the Metropolitan on Rincon Hill. 2-bedroom Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 2 people = $124,700; 3 = $140,250; 4 = $155,850, 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. Unit will be listed on DAHLIA, the SF Housing Portal (https://housing.sfgov.org) starting on the application date, 5/14/2026. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification due on 6/4/2026 at 5:00 PM. OPEN HOUSE 5/16/2026 (Saturday) 2:00 - 4:00 pm, 5/17/2026 (Sunday) 2:00 - 4:00 pm, 5/18/2026 (Monday) 5:00 - 7:00 pm. Equal Housing Opportunity. Building Amenities include Concierge, 24 hour Doorman, Business center, Clubroom/Party room, Conference room, Exercise room/Fitness center, Theater room, Fire pit, Indoor heated pool, Spa/Hot tub, Sauna, Outdoor kitchen/BBQ, Outdoor lounge, and Roof deck.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 963 | 987 | 45% |
| Lot Size | 38,572 | 29,797 | 55% |
| Price | $364.8K | $1.19M | 2% |
| Price per sq ft | $379 | $1.1K | 2% |
| Built year | 2004 | 2008 | 38% |
| HOA | $1242 | $1.4K | 38% |
| Days on market | 100 | 187 | 2% |
Mar 6, 2026
$364,812
Initial Listing
Jul 12, 2005
$298,500
Public Record