What qualifies
Real property held for business or investment, exchanged for other like-kind real property. Since 2018, Section 1031 applies to real estate only — not a primary residence or property held mainly to flip.
San Francisco · Marin · Peninsula · East Bay
Distinguished Properties.
Discerning Representation.
Thomas advises a select clientele of buyers and sellers across the San Francisco Bay Area's most storied neighborhoods — pairing rigorous market analysis with the kind of discretion a significant transaction deserves.
Portfolio
Current Opportunities
A working view of representation — from homes newly presented to the market, to those moving through contract, to recent closings. The closed transactions below reflect prior sales from Thomas Galicia's time with his former brokerage, Coldwell Banker; new listings with Compass appear here as they come up.
Closed-transaction data is sourced from Thomas Galicia's agent profile with his former brokerage, Coldwell Banker (information provided by the San Francisco Association of REALTORS® MLS), and reflects reported sale prices from that time; properties marked “co-represented” were transacted together with Coldwell Banker Commercial. Thomas Galicia is now affiliated with Compass. Listing information is provided for general informational purposes, is deemed reliable but not guaranteed, and is not a substitute for current MLS data. Square footage, price, and status should be independently verified. All measurements and figures are approximate. Equal Housing Opportunity.
Thomas Galicia · DRE #01896556
About
From the boiler room to the boardroom
Thomas's understanding of real estate didn't begin behind a desk — it began with a set of keys and a work order. While earning his degree at the University of California, Davis, he worked as a maintenance technician, learning buildings from the inside out: what makes them last, what quietly drains value, and what a property is really worth once you've seen how it's put together.
That ground-level fluency became the foundation for an unusually wide command of the industry. Thomas went on to sharpen an analytical edge during his tenure with Marcus & Millichap, and his work has since spanned residential sales, investment and multifamily properties, affordable housing, commercial real estate, and the finer points of HUD and TCAC compliance. Few agents can speak as fluently to a first-time buyer, a seasoned investor, and an institutional seller in the same afternoon.
Today, as a Real Estate Agent with Compass and a member of The Louie Team serving the San Francisco Bay Area, he pairs that breadth with rigorous market research, careful valuation, and clear-eyed risk assessment — including representing both sides in the $4,990,000 sale of the 18-unit Somerset Apartments in Dolores Heights. Whether you're buying your first home or repositioning a portfolio, you get an advisor who has seen the whole picture, from the mechanical room to the closing table.
- UC Davis Graduate
- Marcus & Millichap Investment-analysis background
- Residential · Investment · Commercial Multifamily, affordable housing & HUD/TCAC
- Compass · The Louie Team Bay Area Real Estate Agent · DRE #01896556
Member of The Louie Team at Compass · 891 Beach St, San Francisco
Biographical details are provided by Thomas Galicia. Transaction reference reflects a publicly reported sale.
Perspective
Bay Area Pulse — Nine Counties
The Bay Area is nine distinct markets. Choose a county to pull current, factual data — housing trends, sales reports, and local news — straight from credible third-party sources. These figures aren't published here; every link opens live data at its source.
County data, market trends, and news are provided by independent third parties (including Redfin, the California Association of REALTORS®, and Google News) and open at their respective sources. Thomas Galicia Real Estate does not author, host, or guarantee that data; it is shown for general informational purposes only and is not investment, legal, or financial advice. Verify figures at the source and consult a professional for guidance specific to your situation.
Financing
Bay Area Mortgage Rates
Benchmark national averages from the most widely cited public surveys, offered as a reference point for conversations with your lender — not a quote, application, or offer of credit from Thomas Galicia Real Estate.
30-Year Fixed
6.49%
15-Year Fixed
5.82%
Source
Freddie Mac Primary Mortgage Market Survey, week of July 9, 2026. Updated weekly.
Other loan types & daily movement
FHA, VA, jumbo, and adjustable-rate programs price differently and move daily. For current figures on these, see the daily averages published by:
Figures above are national benchmark averages reported by the cited third-party sources as of the date shown; they are not Bay Area-specific quotes, not an offer or extension of credit, and will differ from what you are actually offered. Your rate and APR depend on lender, credit profile, down payment, loan amount, property type, occupancy, and market conditions, and change daily. Thomas Galicia Real Estate is not a mortgage lender or broker and does not originate loans; please contact a licensed mortgage professional (NMLS-registered) for a personalized, current quote. To keep this section accurate, refresh the two figures and the survey date from the Freddie Mac source link whenever you update the site.
For Investors
The 1031 Exchange
A 1031 “like-kind” exchange lets real estate investors defer federal — and California — capital-gains tax by rolling the proceeds of one investment property into another, instead of cashing out. The rules are strict and time-sensitive; here's the shape of it, with the official California and federal how-to below.
The 45 / 180-day clock
From the day your property sells, you generally have 45 days to formally identify replacement property and 180 days to close. A neutral Qualified Intermediary must hold the funds — touch the proceeds and the exchange is broken.
California Form 3840
Exchange a California property for one outside California and the state requires you to file FTB Form 3840 every year until the deferred gain is recognized — California's “clawback” tracking.
Official rules & step-by-step — California & federal
Provided for general informational purposes only. A 1031 exchange is complex, deadline-driven, and not right for every situation; this is not tax, legal, or accounting advice. Thomas Galicia is a licensed real estate salesperson, not a tax advisor, attorney, or qualified intermediary. Consult a CPA, tax attorney, and a qualified intermediary, and verify all rules at the official sources above, before acting. Rules and forms change.
Get in Touch
Begin a private conversation
Whether you're searching for a home, considering the sale of one, or simply weighing your options, every conversation with Thomas begins with listening. Share a few details below and you'll hear back personally — typically within one business day.
- Buying — Off-market access, private showings, and representation built around your timeline.
- Selling — A tailored presentation strategy, from preparation through close.
- General Inquiries — Questions about a neighborhood, the market, or where to start.
Compass · The Louie Team · DRE #01896556
891 Beach St., San Francisco, CA 94109