400 Grove St #101
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
41% of that payment is not the mortgage. The HOA fee alone is $68,880 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,884.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($21,400). 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 ($1,006 in 2026), not enough for a trend yet. The listing shows $1,148/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
- Cheapest of 17 tracked in Sf District 6
- 24% below model fair value
- Garage parking
- Newer build (2015)
⚠️ Cons
- Small (485 sf)
- HOA $1148/mo
- Ground floor
🚩 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 $1148/mo (full-service high-rise)
Photos
Price history (this unit)
- Oct 8, 2026 — Listed $428,000
Description
Location, Location, Location! Incredible opportunity to own in the heart of Hayes Valley, one of San Francisco's most vibrant and walkable neighborhoods. This stylish 1-bedroom condo at 400 Grove puts you moments from Hayes Street's acclaimed restaurants, cafes, boutiques, nightlife, cultural attractions, parks, and convenient public transportation. Thoughtfully designed to maximize its efficient footprint, the residence features a modern kitchen, in-unit washer/dryer, and the rare convenience of one-car parking. Building amenities include a rooftop view deck with BBQ and firepit, perfect for entertaining, a bamboo courtyard, bike room, and secure entry/intercom system. An exceptional BMR…