$2,588,000

Estimated payment $16,689/month

Total Views 1,475
10 Beds
-- Bath
4,765 Sq Ft
$543 Price per Sq Ft

Highlights

  • Vaulted Ceiling
  • Wood Flooring
  • Laundry Facilities

About This Home

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.

Listing Agent

Bradley Lagomarsino

Colliers International License #01058500 Listed on: 07/07/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1914

Lot Details

  • 2,500 Sq Ft Lot

Home Design

  • Mixed Use

Interior Spaces

  • 4,765 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Free-Standing Gas Oven

Flooring

  • Wood
  • Carpet
  • Concrete

Community Details

  • 11 Units
  • Laundry Facilities
  • 11 Leased Units

Listing and Financial Details

  • Assessor Parcel Number 3757-049

Property Details

Home Type

Multi-Family

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Mixed Use
  • Levels: Two
  • Year Built: 1914
  • Number Commercial Units: 1
  • Special Features: None
  • Stories: 0

Interior Features

  • Number Of Rooms: 22
  • Appliances: Free Standing Gas Oven
  • Flooring: Carpet, Concrete, Wood
  • Interior Amenities: Vaulted Ceiling(s)
  • Laundry Features: In Common Area
  • Price Per Square Foot: 543.13
  • Square Footage: 4765.00

Lot Info

  • Assessor Parcel Number: 3757-049
  • Lot Features: Sidewalk
  • Lot Size Acres: 0.0574
  • Lot Size Sq Ft: 2500.00
  • Lot Size Units: SqFt
  • Price Per Acre: 45087108.01

Building Info

  • Number of Units Total: 11

Rental Info

  • Units Furnished: None

Multi Family

  • Gross Rent Multiplier: 11.37
  • Number Of1 Bedrooms Occupied: 10
  • Number of 1 Bedroom Units: 10
  • Number Of Units Leased: 11

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 For Sale $2,588,000 +34.4% $543 / Sq Ft
11/04/2017 11/04/17 Sold $1,925,000 0.0% $404 / Sq Ft
10/04/2017 10/04/17 Pending -- -- --
09/20/2017 09/20/17 For Sale $1,925,000 -- $404 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

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Source: San Francisco Association of REALTORS® MLS

MLS Number: 425055414

San Francisco Association of REALTORS® MLS

APN: 3757-049