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Garrick Yan

garrick@garrickyan.com +1(510) 999-8008

Listed by Brad Lagomarsino Colliers International

$ 2,488,000

Est. payment -/mo

Save

Active

449 9th ST San Francisco, CA 94103

10 Beds

4,765 SqFt

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 $522

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

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

Nearby School & Business

SCHOOLSPROPERTIES

Elementary Schools 20

10

Chinese Immersion School at Deavila

Public | KG - 5
10

Lilienthal (Claire) Elementary School

Public | KG - 8
10

John Yehall Chin Elementary School

Public | KG - 5
9

New Traditions Elementary School

Public | KG - 5
9

Mission Preparatory

Public | KG - 8
9

Yick Wo Elementary School

Public | KG - 5
8

Grattan Elementary School

Public | PK - 5
8

Miraloma Elementary School

Public | KG - 5
8

Creative Arts Charter

Public | KG - 8
8

Gordon J. Lau Elementary School

Public | PK - 5
8

Garfield Elementary School

Public | KG - 5
7

McKinley Elementary School

Public | KG - 5
7

Sherman Elementary School

Public | KG - 5
7

Redding Elementary School

Public | KG - 5
6

Sunnyside Elementary School

Public | KG - 5
6

Rooftop Elementary School

Public | KG - 8
6

Alvarado Elementary School

Public | KG - 5
6

San Francisco Public Montessori

Public | KG - 5
6

Edison Charter Academy

Public | KG - 8
6

Parker (Jean) Elementary School

Public | KG - 5

Middle Schools 17

7

Marina Middle School

Public | 6 - 8
7

Francisco Middle School

Public | 6 - 8
6

Gateway Middle School

Public | 6 - 8
6

San Francisco Flex Academy

Public | 6 - 12
5

Dr. Martin Luther King Jr. Middle School

Public | 6 - 8
5

International Studies Academy

Public | 7 - 12
4

Everett Middle School

Public | 6 - 8
2

James Lick Middle School

Public | 6 - 8
1

Willie L. Brown Jr. Middle School

Public | 6 - 8
0

San Francisco County Court Woodside Learning Center

Public | 6 - 12
0

Wen Jian Ying

Private | 6 - 11
0

Fei Tian Academy of the Arts California

Private | 6 - 12
0

San Francisco County Civic Center Secondary School

Public | 6 - 12
0

San Francisco County Opportunity (Hilltop)

Public | 6 - 12
0

Fusion Academy San Francisco

Private | 6 - 12
0

Fusion Academy San Francisco

Private | 6 - 12
0

Rise Institute

Private | 6 - 12

High Schools 20

9

Ruth Asawa School of the Arts High School

Public | 9 - 12
9

Gateway High School

Public | 9 - 12
8

Raoul Wallenberg Traditional Alternative High School

Public | 9 - 12
8

Kipp San Francisco College Preparatory

Public | 9 - 12
7

Galileo Academy of Science & Technology High School

Public | 9 - 12
5

The Academy - SF @ McAteer

Public | 9 - 12
2

Thurgood Marshall Academic High School

Public | 9 - 12
1

Mission High School

Public | 9 - 12
1

John O'Connell High School

Public | 9 - 12
1

San Francisco International High School

Public | 9 - 12
0

Archbishop Riordan High School

Private | 9 - 12
0

The Urban School of San Francisco

Private | 9 - 12
0

San Francisco University High School

Private | 9 - 12
0

Drew School

Private | 9 - 12
0

Jewish Community High School of the Bay

Private | 9 - 12
0

Wells (Ida B.) High School

Public | 9 - 12
0

Convent of the Sacred Heart High School

Private | 9 - 12
0

Stuart Hall High School

Private | 9 - 12
0

Immaculate Conception Academy

Private | 9 - 12
0

Sacred Heart Cathedral Preparatory

Private | 9 - 12

School and business data provided by Attom Data.

Garrick Yan

Team Leader | CA BRE #01916102

+1(510) 999-8008

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