855 Folsom Street 502, San Francisco, CA 94107, San Francisco, 94107 - 1 bed, 1 bath
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San Francisco, CA 94107
This Below Market Rate (BMR) Loft represents a High-Potential Investment Opportunity, listed at $405,443—positioned well below the $470,865 Fair Market Value by 13%. This valuation gap provides $65,422 in Instant Equity for qualified applicants. Featuring a private deck with cityscape views and a Fair Condition Rating, the unit offers a rare entry point into the SoMa district. While subject to MOHCD resale controls, the flexible temporary waivers make this an ideal acquisition for income-eligible buyers or first-time buyers seeking long-term housing stability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 855 Folsom Street 502 Subject | $405,443* List Price | 1 | 1 | 722 | $652 | - |
A 855 Folsom Street 742 Active | $481,000 List Price | 2 | 1 | 838 | $574 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 2001, making it 23 years old and placing it in the 'Fair' category (>20 years). While the unit appears well-maintained, stylish, and move-in ready with desirable features like a spiral staircase and private deck, the kitchen and bathroom finishes and mechanical systems are likely original to the 2001 construction and may soon require updates.
Priced at $405,443 as a Below Market Rate (BMR) unit, this property offers a rare entry point into the San Francisco real estate market at a significant discount compared to traditional market-rate lofts.
The inclusion of a private deck provides a highly desirable outdoor extension to the living space, a premium feature for urban loft living in the SoMa district.
Unique temporary waivers allow for non-first-time homebuyers and down payments exceeding 50%, providing more flexibility than typical BMR programs for qualified applicants.
The property is subject to MOHCD resale restrictions and monitoring, which limits future capital appreciation and requires the owner to sell to another income-eligible buyer.
The $912 monthly association fee is substantial relative to the purchase price, which may impact the overall affordability and debt-to-income ratio for buyers within the 100% AMI bracket.
Stylish spacious 1 bedroom loft in great location with private deck Temporary waivers apply to this unit: must not exceed 120% of the area median income, buyer does not need to be a 1st time home buyer, can have income from assets excluded from total household income, can complete the Homebuyer education after applying, can make a down payment more than 50% of the sales price. Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 1 person = $109,100; 2 = $124,700; 3 = $140,250; 4 = $155,850; 5 = $168,300 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, 5-11-2026. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification due on 6-1-2026 at 5:00 PM. Fair Housing Opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 43% |
| Baths | 1.0 | 2.0 | 32% |
| Square foot | 722 | 1,072.5 | 25% |
| Lot Size | 55,687 | 19,200.13 | 71% |
| Price | $405.4K | $917.5K | 5% |
| Price per sq ft | $562 | $920 | 14% |
| Built year | 2001 | 2001 | 50% |
| HOA | $912 | $858 | 61% |
| Days on market | 68 | 201 | 2% |
Apr 7, 2026
$405,443
Initial Listing
Mar 1, 2017
$286,000
Public Record
Oct 30, 2003
$306,500
Public Record