83 Mcallister St #410
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
38% of that payment is not the mortgage. The HOA fee alone is $32,100 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $1,683.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($12,327). 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%/yrReconstructed from 11 units of recorded sales at 83 Mcallister St — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues climbed 31% in 4 years — about +7%/yr across 11 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
- Cheapest of 53 tracked in Sf District 8
- Upper floor (fl 4)
- Newer build (2007)
⚠️ Cons
- Small (264 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
Photos
Price history (this unit)
- Sep 10, 2026 — Price Changed $246,532
- Sep 9, 2026 — Listed $246,500
- Dec 3, 2014 — Sold (MLS) $146,284
- Jul 3, 2014 — Listed $146,284
Description
"Below Market Rate (BMR) studio opportunity in the beautifully restored and historic Book Concern Building, ideally located in the heart of San Francisco. Originally built in 1908 and thoughtfully transformed in 2007, this landmark building blends timeless architectural character with modern urban living. The studio features a custom-built loft with built-in storage steps for added function, thoughtfully designed to maximize space and create a more comfortable and versatile living environment; an IKEA storage armoire is also included with the unit. Residents enjoy a shared rooftop deck with Wi-fi, downtown views, a community library and games room, fitness center, laundry room, and secure…