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Listed by Adam Carosso Colliers International
$ 2,268,000
Est. payment | /mo
10 Beds
4,765 SqFt
$ 2,268,000
Est. payment | /mo
10 Beds
4,765 SqFt
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,765 sqft
Price per Sqft $475
MLS Listing ID 425055414
Bedrooms 10
HOA Y/N No
Year Built 1914
Lot Size 2,500 Sqft
Acres 0.0574
Property Sub-Type Mixed Use
New Construction No
Property Description
449-451 9th Street is a mixed-use, 11-unit building centrally located in the heart of San Francisco's vibrant SOMA neighborhood. Constructed in 1914 and encompassing approximately 4,765 square feet, the property features a blend of ten (10) - 1 bedroom / 1 bath apartment units and one (1) ground-floor commercial space. Units are thoughtfully designed with wood flooring, modern kitchenettes featuring quartz countertops and gas stoves, updated bathrooms, and ample natural light. Each residential unit benefits from dedicated storage space and access to a recently renovated backyard. Situated on a 2,500-square-foot parcel zoned SCI, the building offers separately metered gas and electricity, a local hardwired fire system, and updated water heaters. The building is fully compliant with San Francisco's Fire Alarm Sleeping Room Ordinance including both a front and rear fire escape and is in compliance with the San Francisco Soft-Story ordinance. This asset represents a strong value-add investment opportunity with approximately 42% rental upside. Current rents are notably below market, and the building offers a 7.11% cap rate with a projected pro forma cap rate of 10.83% and an impressive 7.03% cash-on-cash return. With a high-demand unit mix, strong in-place income, and location within walking distance of major transit options, tech shuttles, and downtown amenities, 449-451 9th Street delivers immediate cash flow with meaningful potential for future growth in one of San Francisco's most active rental submarkets.
Location
State CA
County San Francisco
Area Sf District 9
Interior
Interior Features Vaulted Ceiling(s)
Flooring Carpet, Concrete, Wood
Fireplace No
Appliance Free-Standing Gas Oven
Laundry Common Area
Building
Lot Description Sidewalk
Level or Stories Two
New Construction No
Others
Tax ID 3757049
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