855 Folsom Street 742, San Francisco, CA 94107, San Francisco, 94107 - 2 bed, 1 bath
855 Folsom Street 742
San Francisco, CA 94107
Property Price
SUMMARY
Analysis of 855 Folsom Street 742, San Francisco, CA 94107 is currently available with a list price of $481,000. 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 was built in 2001, making it 23 years old. While the building's exterior appears modern for its time, there are no interior images or descriptions of recent renovations to assess the condition of the kitchen, bathrooms, appliances, flooring, or other interior features. Without this crucial information, it's assumed that interior components, while functional, may show signs of being outdated or have typical wear and tear for a property of this age without significant updates, aligning with the 'Fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Below Market Rate (BMR) Value
The list price of $481,000 for a 2-bedroom condominium in San Francisco is an unparalleled opportunity for eligible first-time homebuyers, offering significant savings compared to market rates.
- Prime San Francisco Location
Situated at 855 Folsom Street in the 94107 zip code (SoMa), the property boasts a highly desirable and central location with excellent access to urban amenities, transportation, and employment centers.
- Private Outdoor Space
The inclusion of a private deck provides valuable outdoor living space, a sought-after amenity for urban condominium dwellers.
CONSRISKS & DEFICIENCIES
- Restrictive Eligibility & Resale Controls
As a Below Market Rate (BMR) unit, the property imposes strict income limits, first-time homebuyer requirements, and future resale controls and monitoring by MOHCD, which significantly narrows the buyer pool and limits future flexibility.
- High Monthly Association Fee
The $810 monthly association fee is substantial and represents a significant ongoing cost, which could impact affordability and long-term financial planning for potential buyers.
- Specialized Application Process
The BMR nature requires a specialized and potentially lengthy application process through the SF Housing Portal (DAHLIA), demanding specific documentation, loan pre-approval, and homebuyer education verification by strict deadlines.
About 855 Folsom Street 742
2-bedroom with private deck 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, 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, 1-27-2026. Visit https://housing.sfgov.org for application & program info. Application, loan pre-approval, and homebuyer education verification due on 2-17-2026 at 5:00 PM. Fair Housing Opportunity.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2001
- Lot Size
- 55,687.102 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $810 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 35% |
| Square foot | 838 | 935 | 41% |
| Lot Size | 55,687.102 | 14,762.48 | 71% |
| Price | $481.0K | $875.0K | 9% |
| Price per sq ft | $574 | $855 | 18% |
| Built year | 2001 | 2001 | 50% |
| HOA | $810 | $805 | 50% |
| Days on market | 96 | 184 | 9% |
Pricing History
Listed for Sale
Dec 1, 2025
$481,000
Initial Listing
Sold
Sep 17, 2015
$440,500
Public Record
Sold
Sep 20, 2005
$363,000
Public Record
Sold
Jul 3, 2003
$306,500
Public Record