
449 9th St San Francisco, CA 94103
South of Market NeighborhoodEstimated payment $16,689/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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Source: San Francisco Association of REALTORS® MLS
MLS Number: 425055414

APN: 3757-049
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