CA > San Francisco
San Francisco, CA 94103,449 9th ST
San Francisco, CA 94103,449 9th ST
San Francisco, CA 94103,449 9th ST
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John Herkenrath

John Herkenrath

+1(310) 221-2910
Listed by Brad Lagomarsino Colliers International
$2,588,000
Est. payment /mo
10 Beds
4,765 SqFt
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UPDATED:

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 $543

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

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 property is fully compliant with San Francisco's Fire Alarm Sleeping Room Ordinance and includes both front and rear fire escapes. While the property is not on the soft-story retrofit list, it presents an ideal candidate for long-term capital improvements. This asset represents a strong value-add investment opportunity with approximately 36% rental upside. Current rents are notably below market, and the building offers a 6.30% cap rate with a projected pro forma cap rate of 9.05% and an impressive 11.89% cash-on-cash return.

Location

State CA

County San Francisco

Area Sf District 9

Interior

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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San Francisco MLS - SFAR
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"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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