388 Fulton Street 404, San Francisco, CA 94102, San Francisco, 94102 - bed, 1 bath
388 Fulton Street 404
San Francisco, CA 94102
Property Price
SUMMARY
Analysis of 388 Fulton Street 404, San Francisco, CA 94102 is currently available with a list price of $349,617. 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.
Built in 2016, this property is virtually new. The kitchen features modern white flat-panel cabinetry, a sleek black subway tile backsplash, and contemporary appliances, all in excellent condition. The bathroom also boasts a modern floating vanity and clean design. Throughout the unit, the finishes, flooring, and fixtures appear new and well-maintained, showing no signs of wear or deferred maintenance, consistent with a recently constructed building.
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).
- Below Market Rate (BMR) Opportunity
This property is a Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI) with temporary waivers, making it significantly more accessible and affordable than typical San Francisco housing for eligible buyers.
- Exceptional Walkability and Transit Scores
Boasting a '99 Walker's Paradise,' '100 Rider's Paradise,' and '99 Biker's Paradise' score, the property offers unparalleled access to amenities, public transportation, and cycling routes.
CONSRISKS & DEFICIENCIES
- Strict Programmatic Restrictions
As a BMR unit, it is subject to significant income limits, resale controls, monitoring, and other restrictions imposed by the Mayor's Office of Housing and Community Development (MOHCD), limiting buyer eligibility and future flexibility.
- Compact Studio Layout
At only 326 sqft, the unit is a very compact studio, which may not appeal to buyers seeking more living space, a separate bedroom, or greater privacy.
- High Monthly Association Fee
The association fee of $501 per month is substantial for a unit of this size and price point, adding a significant recurring cost to homeownership.
About 388 Fulton Street 404
Studio Below Market Rate (BMR) housing Hayes Valley opportunity available at 100% Area Median Income (AMI). Maximum income for 1 people = $104,900; 2 = $119,900; 3 = $134,850; 4= $149,850 etc. 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 06/18/2024 at 8:00 AM PST. Please visit https://www.sf.gov/step-by-step/388-fulton-street-unit-404 to view the listing and for application & program info. Fair Housing Opportunity. 99 Walker's Paradise, 100 Rider's Paradise, and 99 Biker's Paradise. Centrally located to FIDI, Freeway, SF Ballet, SF Opera, Jazz Center, Bill Graham Auditorium, Asian Art Museum, The Mission, the Castro, Duboce Triangle, and more. Equal Housing Opportunity. Temporary Waivers in place AMI +20%; Remove First Time Buyer Requirement; Household Size; Lower Financing and more! See docs.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2016
- Lot Size
- 12,510.43 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $501 / Month
Neighborhood Insights
San Francisco Unified Schools
Parks (Rosa) Elementary School
Grades K-5 • 0.5 mi
Muir (John) Elementary School
Grades K-5 • 0.5 mi
San Francisco Public Montessori School
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 | 13% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 326 | 743 | 9% |
| Lot Size | 12,510.43 | 13,041.86 | 49% |
| Price | $349.6K | $660.0K | 9% |
| Price per sq ft | $1.1K | $1.0K | 60% |
| Built year | 2016 | 1991 | 81% |
| HOA | $501 | $779 | 17% |
| Days on market | 739 | 200 | 0% |
Pricing History
Listed for Sale
Feb 27, 2024
$349,617
Initial Listing
Sold
Jan 24, 2017
$266,500
Public Record