285 Main St #408 · San Francisco, CA 94105

$337,931

1 bd · 1.0 ba · 612 sqft · Condo public records · 211 Days on market

Built 2020 Excellent condition $552/sqft · 51% below area $828/mo HOA · 16% of rent

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.8/30.0
• 1% rule +10.0/10.0
• DSCR +8.7/10.0
• ARV discount +7.5/15.0
• Appreciation +7.1/10.0
• Rent growth +5.0/5.0
• Schools +5.0/10.0
• Condition / age +4.8/5.0
• Livability +3.8/5.0

Listing remarks MLS

Below Market Rate (BMR) housing opportunity available at MIRA through the Mayor's Office of Housing and Community Development (MOHCD) & subject to resale controls, monitoring and other restrictions. This home is a new home and has never been occupied. Explore a new angle on life at MIRA, luxury condominium homes developed by the team at Tishman Speyer and designed by award-winning architecture Studio Gang. Located at the corner of Main and Folsom Streets in San Francisco, CA, MIRA features iconic architecture, innovative layouts and a bold attitude. Fresh and forward-thinking, MIRA invites you to shift your perspective on living in San Francisco. All images are representative of the development.

Key facts

• Iconic architecture
• Innovative layouts
• New home

Tags

• NEW HOME
• LUXURY CONDOMINIUM HOMES
• ICONIC ARCHITECTURE
• INNOVATIVE LAYOUTS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $338k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $825 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $338k).
• Recommended offer: $297k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 2.1% in San Francisco — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#90 in CA, #3,143 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
• San Francisco Unified (urban): math 50% / reading 56% proficiency, ranked #322 of 1,400 in CA (top 23%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Lilienthal (Claire) Elementary (669 students, 19% FRL); Giannini (A.P.) Middle (1,192 students, 34% FRL); Lowell High (2,632 students, 37% FRL) — zoned schools average 30% FRL vs 49% district-wide (19 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+19.7%/yr); 242 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 750 units permitted in San Francisco County in 2024 (688 in 5+ unit buildings).

Forward outlook

• In year one you build about $17k of equity ($2k loan paydown + $14k appreciation (4.3% local appreciation)).
• San Francisco County population projected at +39% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (4.3% appreciation + 8.0% rent growth), your $95k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 211 days — a 12% lower offer ($297k) is reasonable based on typical stale-listing flexibility.

Recommended offer $297,379 (12.0% below list)

Questions for the listing agent

1. It's been on market 211 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.50% ✓
• Cap rate: 9.22%
• Cash-on-cash: 10.46%
• DSCR: 1.47
• GRM: 5.6

CMA / ARV

• ARV (median comp): $715,421
• List price: $337,931
• Delta: -52.76%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
285 Main St #510	0.00mi	1/1.0	591 (-3%)	1mo	$291,719	$494	94
355 1st St Unit S1801	0.21mi	1/1.0	683 (+12%)	0mo	$888,000	$1,300	71
400 Beale St #610	0.19mi	1/1.0	730 (+19%)	1mo	$649,000	$889	66
333 1st St Unit N803	0.20mi	1/1.0	713 (+16%)	0mo	$839,000	$1,177	65
425 1st St #2005	0.25mi	1/1.0	710 (+16%)	1mo	$925,000	$1,303	63
832 Sutter St Apt 503	1.22mi	1/1.0	598 (-2%)	0mo	$565,000	—	61
1201 California St #507	1.22mi	1/1.0	625 (+2%)	0mo	$660,000	$1,056	61
1075 Market St #206	1.24mi	1/1.0	630 (+3%)	1mo	$330,000	$524	60
821 Folsom St #201	0.77mi	1/1.0	652 (+6%)	1mo	$654,000	$1,003	54
829 Folsom St #202	0.79mi	1/1.0	716 (+17%)	1mo	$600,000	$838	39
855 Folsom St #502	0.82mi	1/1.0	722 (+18%)	1mo	$405,443	$562	39
200 Townsend St #13	0.75mi	1/2.0	734 (+20%)	1mo	$665,000	$906	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

4.27% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 24.1%
• Equity multiple: 2.52×
• Total profit: $143,796
• Equity at exit: $176,665

10-year hold

• IRR: 27.0%
• Equity multiple: 5.88×
• Total profit: $461,751
• Equity at exit: $293,286

Cash invested: $94,621 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City San Francisco: 0 Strongly Tenant-Friendly · D+57

SF Rent Ordinance + Eviction Protections; relocation $10k+; one of strictest in US.

Methodology + full state rankings →

Active competition Active MLS

• For sale now: 1 active · 8 under contract
• Median asking: $629,000 ($926/sqft)
• Median days on market: 74 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +26.2% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 94105

• Home prices YoY: 2.4%
• Rents YoY: 19.7%
• Active inventory: 242
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $5,057 high
• Mortgage (P&I): −$1,772
• Tax from tax record: −$429 /mo · $5,146/yr
• Insurance: −$141
• HOA: −$828
• Vacancy / Maint / Mgmt: −$1,062
• Net cashflow: $825

Break-even live

Break-even rent $4,012

Max offer price $337,931

Occupancy floor 79%

Sensitivity live

Price	-10% $1,016	-5% $921	+0% $825	+5% $729	+10% $634
Rent	-10% $425	-5% $625	+0% $825	+5% $1,025	+10% $1,224
Rate	-1.0pp $995	-0.5pp $911	base $825	+0.5pp $737	+1.0pp $648

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $84,483
• Closing costs: $10,138
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
333 Main St San Francisco, CA	1.0	1.0	700	$1,900	$2.71	88d	1	0.08mi
333 Main St San Francisco, CA	1.0	1.0	701	$4,950	$7.06	1d	2	0.08mi
338 Spear St San Francisco, CA	2.0–3.0	2.0	593	$7,000	$11.79	6d	3	0.08mi
88 Howard St San Francisco, CA	2.0	1.0	661	$5,499	$8.31	1d	11	0.12mi
299 Fremont St San Francisco, CA	2.0	1.0–2.0	692	$6,346	$9.17	0d	8	0.13mi
388 Beale St San Francisco, CA	1.0–2.0	1.0–2.0	677	$5,593	$8.26	0d	5	0.16mi
333 Fremont St San Francisco, CA	1.0–2.0	1.0–1.5	683	$4,684	$6.86	0d	3	0.17mi
403 Main St Unit 208N San Francisco, CA	1.0	1.0	539	$4,500	$8.35	1d	1	0.18mi
403 Main St Unit 208N San Francisco, CA	1.0	1.0	539	$4,500	$8.35	9d	1	0.18mi
403 Main St Apt 214 San Francisco, CA	—	1.0	536	$3,480	$6.49	12d	1	0.18mi
201 Harrison St San Francisco, CA	1.0	1.0	488	$4,200	$8.61	10d	1	0.19mi
399 Fremont St San Francisco, CA	2.0	1.0–2.5	962	$6,961	$7.24	0d	24	0.19mi
201 Harrison St Unit 3A San Francisco, CA	1.0	1.0	572	$1,900	$3.32	162d	1	0.19mi
340 Fremont St San Francisco, CA	3.0	1.0–3.0	1146	$5,068	$4.42	0d	6	0.21mi
400 Beale St San Francisco, CA	1.0–2.0	1.0–2.0	946	$4,950	$5.23	79d	2	0.21mi
333 1st St Unit N1005 San Francisco, CA	1.0	1.0	709	$5,300	$7.48	32d	1	0.22mi
333 1st St Unit N803L San Francisco, CA	1.0	1.0	713	$5,500	$7.71	43d	1	0.22mi
333 1st St Unit N1005 San Francisco, CA	1.0	1.0	709	$5,300	$7.48	10d	1	0.22mi
355 1st St Unit S801 San Francisco, CA	1.0	1.0	675	$5,000	$7.41	53d	1	0.23mi
355 1st St Unit S1406 San Francisco, CA	1.0	1.0	691	$5,195	$7.52	10d	1	0.23mi
401 Harrison St San Francisco, CA	1.0–2.0	1.0–2.0	1148	$5,850	$5.10	94d	1	0.25mi
38 Bryant St #806 San Francisco, CA	1.0	1.0	582	$3,995	$6.86	184d	1	0.25mi
500 Folsom St San Francisco, CA	1.0	1.0	693	$6,887	$9.93	0d	20	0.26mi
425 1st St #4404 San Francisco, CA	1.0	1.0	605	$5,950	$9.83	79d	1	0.27mi
425 1st St #4504 San Francisco, CA	1.0	1.0	605	$5,790	$9.57	55d	1	0.27mi
390 1st St San Francisco, CA	2.0	1.0–2.0	826	$6,803	$8.24	0d	18	0.28mi
39 Tehama St San Francisco, CA	1.0–2.0	1.0–2.0	734	$5,566	$7.58	2d	3	0.30mi
3 Bayside Village Pl San Francisco, CA	2.0	1.0–2.0	779	$5,540	$7.11	2d	32	0.33mi
501 Delancey St #182 San Francisco, CA	1.0	1.0	640	$3,880	$6.06	2d	1	0.34mi
2 Bayside Village Pl #96 San Francisco, CA	—	1.0	460	$3,440	$7.48	1d	1	0.39mi
199 New Montgomery St #303 San Francisco, CA	—	1.0	409	$3,950	$9.66	83d	1	0.43mi
199 New Montgomery St #311 San Francisco, CA	—	1.0	412	$3,450	$8.37	63d	1	0.43mi
199 New Montgomery St #1203 San Francisco, CA	—	1.0	409	$1,808	$4.42	14d	1	0.43mi
149 New Montgomery St San Francisco, CA	3.0	1.0–2.5	1121	$5,977	$5.33	0d	53	0.46mi
201 Sansome St #401 San Francisco, CA	1.0	1.0	658	$6,950	$10.56	135d	1	0.53mi
201 Sansome St San Francisco, CA	1.0	1.0	662	$5,075	$7.67	117d	2	0.53mi
1 St Francis Pl San Francisco, CA	3.0	1.0–2.0	923	$4,259	$4.61	0d	15	0.54mi
2 Townsend St Unit 4110 San Francisco, CA	1.0	1.0	630	$4,400	$6.98	79d	1	0.55mi
2 Townsend St San Francisco, CA	1.0–2.0	1.0–2.0	831	$5,050	$6.08	0d	9	0.56mi
460 Davis Ct San Francisco, CA	2.0	1.0–2.5	861	$7,758	$9.01	1d	51	0.58mi

HOA detail $828/mo · $9,936/yr condo

• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-11-08
   days on market $337,931 Active 211 DOM
2. 2026-11-07
   days on market $337,931 Active 210 DOM
3. 2026-11-06
   days on market $337,931 Active 209 DOM
4. 2026-11-05
   days on market $337,931 Active 208 DOM
5. 2026-11-04
   days on market $337,931 Active 207 DOM
6. 2026-11-02
   days on market $337,931 Active 205 DOM
7. 2026-11-01
   days on market $337,931 Active 204 DOM
8. 2026-10-31
   days on market $337,931 Active 203 DOM
9. 2026-10-30
   days on market $337,931 Active 202 DOM
10. 2026-10-29
    days on market $337,931 Active 201 DOM
11. 2026-10-28
    days on market $337,931 Active 200 DOM
12. 2026-10-27
    days on market $337,931 Active 199 DOM
13. 2026-10-26
    days on market $337,931 Active 198 DOM
14. 2026-10-25
    days on market $337,931 Active 197 DOM
15. 2026-10-24
    days on market $337,931 Active 196 DOM
16. 2026-10-23
    days on market $337,931 Active 195 DOM
17. 2026-10-22
    days on market $337,931 Active 194 DOM
18. 2026-10-21
    days on market $337,931 Active 193 DOM
19. 2026-10-20
    days on market $337,931 Active 192 DOM
20. 2026-10-19
    days on market $337,931 Active 191 DOM
21. 2026-10-18
    days on market $337,931 Active 190 DOM
22. 2026-10-17
    days on market $337,931 Active 189 DOM
23. 2026-10-16
    days on market $337,931 Active 188 DOM
24. 2026-10-15
    days on market $337,931 Active 187 DOM
25. 2026-10-14
    days on market $337,931 Active 186 DOM
26. 2026-10-13
    days on market $337,931 Active 185 DOM
27. 2026-10-12
    days on market $337,931 Active 184 DOM
28. 2026-10-11
    days on market $337,931 Active 183 DOM
29. 2026-10-10
    days on market $337,931 Active 182 DOM
30. 2026-10-09
    days on market $337,931 Active 181 DOM
31. 2026-10-08
    days on market $337,931 Active 180 DOM
32. 2026-10-07
    days on market $337,931 Active 179 DOM
33. 2026-10-06
    days on market $337,931 Active 178 DOM
34. 2026-10-05
    days on market $337,931 Active 177 DOM
35. 2026-10-04
    days on market $337,931 Active 176 DOM
36. 2026-10-03
    days on market $337,931 Active 175 DOM
37. 2026-10-02
    days on market $337,931 Active 174 DOM
38. 2026-10-01
    days on market $337,931 Active 173 DOM
39. 2026-09-30
    days on market $337,931 Active 172 DOM
40. 2026-09-29
    days on market $337,931 Active 171 DOM
41. 2026-09-28
    days on market $337,931 Active 170 DOM
42. 2026-09-27
    days on market $337,931 Active 169 DOM
43. 2026-09-26
    days on market $337,931 Active 168 DOM
44. 2026-09-25
    days on market $337,931 Active 167 DOM
45. 2026-09-24
    days on market $337,931 Active 166 DOM
46. 2026-09-23
    days on market $337,931 Active 165 DOM
47. 2026-09-22
    days on market $337,931 Active 164 DOM
48. 2026-09-21
    days on market $337,931 Active 163 DOM
49. 2026-09-20
    days on market $337,931 Active 162 DOM
50. 2026-09-19
    days on market $337,931 Active 161 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $5,146 · $429/mo
• Projected year-2 tax: $5,146 · $429/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥79°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 15 unhealthy d/yr today · 15 by 30 yrs out

Taxation est. · year 1

• Rental income: $60,679
• − Mortgage interest: −$18,929
• − Property taxes: −$5,146
• − Insurance: −$1,690
• − Repairs & maintenance: −$4,854
• − Management: −$4,854
• − HOA: −$9,936
• − Depreciation: −$9,831
• Taxable income: $5,439
• Est. tax owed @ 24.0%: −$1,305
• After-tax cash flow: $8,594/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Excellent 95/100 None rehab

This modern, move-in-ready condo is in excellent condition with no visible repairs or maintenance needed. It offers a high-ROI opportunity for investors looking to increase its value through minor updates.

Value-add opportunities

• Resale Painting the interior walls — Fresh paint can enhance the home's curb appeal and make it more inviting. ↑
• Rental Updating the flooring in the kitchen and bathrooms — Modern flooring can improve the home's rental value and attract tenants. ↑
• Both Adding smart home features — Smart home features can increase both resale and rental value by making the home more convenient and energy-efficient. ↑

Zoned Schools

Elementary Webster (Daniel) Elementary Middle Roosevelt Middle High S.f. International High

Schools (NCES district)

• District: San Francisco Unified
• NCES district ID: 0634410
• Math proficiency: 50% ▬ 0.00%
• Reading proficiency: 56% ▲ 1.00%
• Median HH income: $81,249
• Composite: 50.14/100
• National rank: #4088
• State rank: #322 of 1400 in CA

B Composite livability gradescore 76/100

Livability — San Francisco

• Score: 76/100
• State rank: #90
• US rank: #3143

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing B- Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: San Francisco, CA
• County: San Francisco County · 1,030,936 people
• City population: 827,552
• Metro: San Francisco-Oakland-Berkeley, CA
• Population (ZIP): 13,861
• Household income: $225,000
• Rent vs Own: 65.2% rent · 34.8% own
• Severe rent burden: 8% of renters

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Population outlook (San Francisco County) Hauer SSP2

• Today (2025): 1,030,936 people
• By 2030: 1,110,409 · +7.7%
• By 2040: 1,270,010 · +23.2%
• By 2050: 1,435,001 · +39.2%
• By 2075: 1,779,074 · +72.6%
• By 2100: 1,966,767 · +90.8%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Asian 53% White 31% Hispanic / Latino 9% Two or more races 5% Black 2%
• Hispanic origin (detail): Mexican 4%
• Languages at home: 52% English-only · Chinese 22% Other Indo-European 6% Spanish 6%

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Political lean MEDSL · San Francisco

• 2024 margin: Solid D (+64.8) · D 80.3% · R 15.5% · Other 4.1%
• 2008→2024 swing: -5.7pp toward R · 2008: 70.5pp · 2024: 64.8pp
• All cycles: 2024: D+64.8 2020: D+72.5 2016: D+76.1 2012: D+70.2 2008: D+70.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.27%
• Current HPI: 179.3791
• Rent YoY: ▲ 19.74%
• Metro: San Francisco-Oakland-Berkeley, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

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Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

1 event — show timeline

• 2026-02-17 Listed $337,931 San Francisco MLS

Property tax history

+12.7%/yr

Latest (2025): $5,146 · +3.2% YoY. Source: county tax records.