387 Tehama St
Higher is a better buy. 50 is "priced about right for what it is". The last step curves the raw advantage onto 0–100, so points stop being one-for-one at the extremes.
💵What this unit actually costs per month
24% of that payment is not the mortgage. The HOA fee alone is $375,780 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $65,943.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($497,500). Common for small associations and not a defect on its own, but it does remove FHA buyers from your resale pool.
Minimum realistic down payment here: 5% · verify on HUD's lookup
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
We haven't reconstructed a multi-year fee history for this building yet. We have one recorded fee on file ($6,263 in 2026), not enough for a trend yet. The listing shows $6,263/mo today. Upload its HOA docs and we'll build the full reserve & special-assessment report — free.
🏢 Get this building's free HOA report →✅ Positives
- On market 62 days → some leverage
- Low HOA (0.8%/yr)
⚠️ Cons
- 552% above model fair value
- HOA $6263/mo
- Photos look dim — verify light in person
🚩 Red flags
- Very high HOA $6263/mo (full-service high-rise)
- Live/work loft — workspace-heavy sqft and a thinner buyer pool inflate the apparent discount vs regular condo comps
Photos
Price history (this unit)
- Aug 10, 2026 — Listed $9,950,000
Description
Masterfully designed by world-renowned designer Ken Fulk, 387 Tehama beautifully combines 7 condo units into one one-of-a-kind live/work property comfortably hosting a family of 12, a tech team of 60, or a cocktail event for 150. Soaring sawtooth ceilings and a wall of windows flood the space in natural light, with custom furnishings throughout. Features 3 conference rooms, 4 meeting rooms/bedrooms, 2 full & 4 half baths, elevator access, 36 workstations, a wet bar, two kitchens, an IT room, and a secure garage with 6 exclusive parking spaces. Zoned C-3-S with live/work. Steps to Downtown, Union Square, BART/MUNI, and direct freeway access via 5th Street. Few SF properties offer this design…