989 Webster St #645
This is an income-restricted (BMR) resale. Its price is set by an income formula, not by the market, so the gap against normal comps is not equity you own — it is a restriction you inherit, with income limits to qualify and a formula price when you sell. Scoring it against market comps would flatter it enormously, so we don't score it at all.
💵What this unit actually costs per month
48% of that payment is not the mortgage. The HOA fee alone is $48,120 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $1,427.
Rate is the Freddie Mac PMMS 30-year average for the week of 2026-10-08 — a national survey figure, not a quote. Tax, insurance and closing costs are estimates; your own Loan Estimate is the real number.
This building's HOA fees
✅ Fairly steady · +3.2%/yrReconstructed from 9 units of recorded sales at 989 Webster St — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues have held relatively steady (about +3.2%/yr over 2 years across 9 units) — a good sign. Only the reserve study confirms the building is keeping up with its big-ticket repairs.
🏢 Get this building's full reserve & assessment report — free →✅ Positives
- Cheapest of 9 tracked in Chinatown
- 16% below model fair value
- On market 88 days → some leverage
- Upper floor (fl 6)
⚠️ Cons
- Small (535 sf)
🚩 Red flags
- Income-restricted (BMR) resale — price set by an income formula, not the market; buyer income limits apply and the gap vs comps is not equity
- HOA $802/mo — 4.6%/yr of the price
Photos
Price history (this unit)
- Jul 15, 2026 — Listed $208,000
Description
Location, Location, Location, south eastern facing 1 bedroom 1 bathroom (Below Market Rate) condo located in the heart of Oakland Chinatown at the desirable Pacific Renaissance Plaza. Easy access to restaurants, shops, health services, banks, library, and community center. Convenient to public transportation, BART stations, Hwy I-880 & I-980 nearby, and a perfect Walk Score of 100! The unit includes 1 assigned, gated parking space, a landscaped courtyard, and 24/7 security. Disclosures will be ready soon.