
San Francisco, CA 94107
This newly constructed condominium represents a High-Potential Investment Opportunity, listed at a List Price of $470,707—positioned well below the $534,725 Fair Market Value by 11%. This valuation gap provides $64,018 in Instant Equity for qualified purchasers. Featuring a Condition Rating of 2, this modern residence includes high-end finishes and access to a panoramic rooftop terrace. Given the strict MOHCD eligibility requirements, this property is an ideal acquisition for first-time buyers and income-qualified owner-occupants seeking a design-forward, turnkey home in San Francisco.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 395 6th Street 301 Subject | $470,707* List Price | 2 | 2 | 765 | $699 | - |
A 236 Shipley Street 204 Sold | $609,375 | 2 | 2 | 819 | $744 | 0.1 mi |
B 888 7th Street Sold | $430,585 | 2 | 2 | 970 | $444 | 0.5 mi |
C 829 Folsom Street 216 Sold | $535,000 | 1 | 1 | 712 | $751 | 0.3 mi |
D 988 Harrison Street JR8 Active | $478,000 List Price | 1 | 1 | 0 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a new construction property featuring a modern kitchen with stainless steel appliances, contemporary flat-panel cabinetry, and brand-new flooring. As a newly built residential community, all systems including HVAC and electrical are in mint condition with no maintenance required.
As a Below Market Rate (BMR) unit, this property offers a rare opportunity to own a newly constructed two-bedroom home in San Francisco at a price point significantly below the traditional market value.
The RENOU community features high-end residential perks including an attended lobby and a rooftop terrace, offering a design-forward lifestyle rarely found in affordable housing opportunities.
The 765-square-foot floor plan is efficiently designed with two full bathrooms and a flexible secondary bedroom, situated on a quiet residential street for enhanced tranquility.
Prospective buyers must meet rigorous MOHCD criteria, including first-time homebuyer status and specific income caps, which limits the pool of eligible purchasers and future resale flexibility.
Parking is not included in the list price and is restricted to only three stacker spaces available on a first-come, first-served basis, posing a potential challenge for households with vehicles.
Below Market Rate (BMR) ownership homes at 395 6th Street RENOU is the only new construction BMR opportunity in San Francisco, offering a rare path to ownership in a newly built, design-forward residential community. This two-bedroom is located along a quiet residential street, offering a heightened sense of tranquility. The spacious primary bedroom is complemented by a secondary bedroom that works seamlessly for guests, flexible use, or a dedicated home office. A well-balanced layout supports both privacy and adaptability. Paired with an attended lobby and a rooftop terrace above the city, creating a home designed for how San Francisco lives today. Studio, one-bedroom, and two-bedroom homes are available. - Without parking: priced from $346,899 - $470,707 - With parking: priced from $381,208 - $519,730 Three stacker parking spaces are available to BMR buyers on a first-come, first-served basis by application rank. Parking is offered at an additional cost; the listed home price does not include parking. Buyers should inquire about pricing and availability. Applicants must be first-time homebuyers and cannot exceed 100% of MOHCD's Area Median Income (2025): 1 person: $109,100, 2 persons: $124,700, 3 persons: $140,250, 4 persons: $155,850 Homes are available through the San Francisco Mayor's Office of Housing and Community Development and are subject to monitoring and other program restrictions. Visit the 395 6th Street listing on DAHLIA to apply and review full program details. All applicants must complete first-time homebuyer education and obtain loan pre-approval from an approved participating lender.
No exterior & parking available.
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 | 765 | 1,072.5 | 30% |
| Lot Size | - | 17,755 | 16% |
| Price | $470.7K | $917.5K | 11% |
| Price per sq ft | $615 | $920 | 14% |
| Built year | 0 | 2001 | 11% |
| HOA | $583 | $846 | 18% |
| Days on market | 67 | 201 | 2% |
Apr 8, 2026
$470,707
Initial Listing