$6,500,000
SOLD SEP 18, 2024
10 Beds
-- Bath
22,670 Sq Ft
5,025 Sq Ft Lot

Recently Sold

$287 Per Sq Ft

13% Below List Price

132 Days on Market

Highlights

  • 0.12 Acre Lot
  • 4-minute walk to Market And Hyde Outbound
  • 4-minute walk to Helen Diller Civic Center Playground
  • High-Rise Condominium

About This Home

As of September 2024

77 9th Street is a well-maintained 6 story concrete and steel building. Located on 9th Street between Mission and Market this building contains 43 studios each with their own private bathroom and full kitchen, a one-room SRO-style apartment with a hall bathroom and no kitchen facilities, and 10 one-bedroom apartments with full kitchens and bathrooms. There is also a shared laundry room, 2 commercial storefronts that are fully leased, and a cell tower installation on the roof. There is a full basement, portions of which could be upgraded and leased for additional income as storage units. The building is currently 95% occupied with 1 studio apartment and two 1-bedroom units currently vacant which provides upside potential for an investor. Many of units are occupied by longer term tenants and rented for well-below current market rents providing additional upside potential. This building is perfectly located close to transportation, many Mid-Market tech firms, Union Square and downtown.

Last Agent to Sell the Property

Charles Post

Post Real Estate Advisors License #01421132 Listed on: 04/03/2024

Last Buyer's Agent

Charles Post

Post Real Estate Advisors License #01421132 Listed on: 04/03/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 5,025 Sq Ft Lot

Home Design

  • 22,670 Sq Ft Home

Listing and Financial Details

  • Assessor Parcel Number 3701-023

Community Details

Overview

  • 54 Units
  • High-Rise Condominium
  • 6-Story Property

Building Details

  • 51 Leased Units
  • 3 Vacant Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments, High-Rise
  • Stories: 6
  • Year Built: 1912
  • Number Commercial Units: 2
  • Special Features: None

Interior Features

  • Number Of Rooms: 54
  • Price Per Square Foot: 286.72
  • Square Footage: 22670.00

Fee Information

  • Utilities Expenses: 162837

Lot Info

  • Assessor Parcel Number: 3701-023
  • Lot Features: Sidewalk
  • Lot Size Acres: 0.1154
  • Lot Size Sq Ft: 5025.00
  • Lot Size Units: SqFt
  • Price Per Acre: 56325823.22

Building Info

  • Number of Units Total: 54

Rental Info

  • Units Furnished: None

Multi Family

  • Number Of Units Vacant: 3
  • Gross Rent Multiplier: 6.92
  • Number Of1 Bedrooms Occupied: 10
  • Number of 1 Bedroom Units: 10
  • Number of Studio Units: 44
  • Number Of Units Leased: 51
  • Number Studios Occupied: 44

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Range of Values:

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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
09/18/2024 09/18/24 Sold $6,500,000 -13.3% $287 / Sq Ft
08/13/2024 08/13/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $7,500,000 -- $331 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 424020837

San Francisco Association of REALTORS® MLS

APN: 3701-023