788 Minna St #203
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
33% of that payment is not the mortgage. The HOA fee alone is $33,660 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $2,434.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($18,000). 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 ($604 in 2026), not enough for a trend yet. The listing shows $561/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
- 37% below model fair value
- On market 46 days → some leverage
- Newer build (2011)
⚠️ Cons
- Small (554 sf)
- HOA $561/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
Photos
Price history (this unit)
- Aug 26, 2026 — Listed $360,000
- Jun 20, 2012 — Sold (MLS) $260,983
- Mar 21, 2012 — Listed $260,983
Description
1-bedroom Below Market Rate (BMR) housing opportunity available at 90% Area Median Income (AMI). Maximum income for 1 person = $98,200; 2 = $112,250; 3 = $126,250, 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 10/29/2025 at 8:00 AM PST. Please visit https://housing. sfgov.org/list- ings/a0W7y000009ZPnxEAG to view the listing and for application & program info. FAIR HOUSING OPPORTUNITY.