400 Beale St #407
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
42% of that payment is not the mortgage. The HOA fee alone is $83,520 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $3,360.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($24,994). 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
🚩 Rising fast · +7.6%/yrReconstructed from 16 units of recorded sales at 400 Beale St — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues climbed 25% in 3 years — about +7.6%/yr across 16 units of recorded sales, well above inflation. A rise this steep is a leading signal of a special assessment, a drained reserve fund, or an insurance shock. The listing never shows it; the building's documents are where the "why" lives.
🏢 Get this building's full reserve & assessment report — free →✅ Positives
- 54% below model fair value
- On market 81 days → some leverage
- Upper floor (fl 4)
⚠️ Cons
- HOA $1392/mo
- Photos look dim — verify light in person
🚩 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
- Very high HOA $1392/mo (full-service high-rise)
Photos
Price history (this unit)
- Jul 22, 2026 — Listed $499,888
- Sep 4, 2019 — Sold (MLS) $409,444
- Apr 4, 2019 — Listed $409,444
Description
2-bedroom 2 bath with parking at the Bridgeview. Premier amenities include: 24/7 doorperson, concierge services, heated outdoor pool and spa, well-equipped gym, roof terrace with BBQ area and Bay Bridge views, and professional on-site management. Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI). Maximum income for 2 people = $129,700; 3 = $145,900; 4 = $162,100; 5 = $175,050 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 9/22/2026…