855 Folsom Street 742, San Francisco, CA 94107, San Francisco, 94107 - 2 bed, 1 bath
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San Francisco, CA 94107
This Modern Industrial BMR Loft offers a rare entry into San Francisco, with a List Price of $481,000—positioned at its $481,000 Fair Market Value. Featuring a Good Condition Rating, the 2-bedroom unit includes a Private Deck, City Skyline Views, and a Spiral Staircase. Unique temporary waivers allow for higher income limits and a first-come, first-served purchase process, bypassing the traditional lottery. This well-maintained urban residence provides exceptional lifestyle value and stability, making it the ideal match for income-qualified professionals or first-time homebuyers seeking a turnkey city home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 855 Folsom Street 742 Subject | $481,000* List Price | 2 | 1 | 838 | $574 | - |
A 888 7th Street Sold | $430,585 | 2 | 2 | 970 | $444 | 0.7 mi |
B 236 Shipley Street 204 Sold | $609,375 | 2 | 2 | 819 | $744 | 0.1 mi |
C 170 King Street 618 Sold | $353,500 | 1 | 1 | 589 | $600 | 0.6 mi |
D 395 6th Street 413 Active | $469,094 List Price | 2 | 2 | 805 | $583 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring a modern industrial loft aesthetic. Built in 2001, it includes desirable features such as bamboo flooring, high concrete ceilings, a spiral staircase, and a private deck. The kitchen and bathroom appear to be original to the construction but are in functional, clean condition. While the carpeting in the bedrooms shows some minor wear and the appliances are not brand new, the overall quality and lack of deferred maintenance align with a 'good' condition rating.
Priced at $481,000 for a 2-bedroom unit in San Francisco, this property offers a rare and highly accessible entry point into one of the nation's most expensive real estate markets.
The property features temporary waivers allowing for higher income limits and potentially non-first-time homebuyers, plus a first-come-first-serve acquisition process that bypasses the traditional lottery system.
The inclusion of a private deck provides a significant lifestyle advantage, offering dedicated outdoor space which is a premium feature for urban condominium living.
As a Below Market Rate (BMR) unit, the property is subject to MOHCD restrictions that limit future appreciation and resale profit, making it a better long-term housing solution than an investment vehicle.
The $810 monthly association fee is substantial relative to the purchase price, which may impact the overall monthly affordability for buyers within the 100% AMI income bracket.
First Come First Serve no Lottery. Temporary Waivers Apply to this unit that include higher than posted AMI limit, not be a first time homebuyer etc. 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. The unit will be available on a first come first served basis starting on 4/9/2026 at 8:00 AM PST. Please visit https://housing.sfgov.org/listings/a0W7y00000GRF3NEAX to view the listing and for application & program info. Fair Housing Opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 34% |
| Square foot | 838 | 952.5 | 41% |
| Lot Size | 55,687.102 | 12,668 | 76% |
| Price | $481.0K | $875.0K | 8% |
| Price per sq ft | $574 | $885 | 16% |
| Built year | 2001 | 2001 | 50% |
| HOA | $810 | $808 | 50% |
| Days on market | 142 | 201 | 26% |
Dec 1, 2025
$481,000
Initial Listing
Sep 17, 2015
$440,500
Public Record
Sep 20, 2005
$363,000
Public Record
Jul 3, 2003
$306,500
Public Record