449 & 451 9th St - Apartments FOR SALE


San Francisco, CA 94103- Mission Bay
$2,588,000 USD
650-761-7623
449 & 451 9th St, San Francisco, CA for Sale
$2,588,000 USD
Apartments - FOR SALE
1/22
null | 6.61% Cap Rate

449 & 451 9th St
San Francisco, CA 94103
Mission Bay


HIGHLIGHTS

  • Only $235K Per Unit!
  • Tremendous Income Upside Potential
  • Turn-Key Building w/ pride of ownership throughout
  • Zero delinquincy throughout COVID
  • Great Neighborhood
  • Too many recent upgrades to list (No Excuses, No Stories)

OVERVIEW

Mixed-Use Turn Key Apartment Building Only $235K Per Unit! Located at 449-451 9th Street and anchored by a high vis/high trafficked 500 SqFt commercial space in the Heart of SoMa with great freeway access. Pride of ownership throughout. Residents will enjoy a great location with a short distance from major retailers and employers such as Adobe, Twitter HQ, Discord, Air B&B, REI, Patreon, Target, and half a block from Trader Joe's, Bed Bath & Beyond, Pete's Coffee, and Costco, with stellar walk, bike, and transit scores. Many recent upgrades, such as the San Francisco soft-story upgrade completed in 2020, a newly renovated lobby, turfed and private outdoor area, upgraded centralized fire alarm system in 2023, and much more. A fantastic opportunity to purchase a high-visibility mixed-use property in the Heart of SoMa with tremendous income upside potential. Zero delinquency throughout COVID. Residential includes: - 10 1BR/1BA apartments with tremendous upside in under-market rents - 6 completely renovated units within the last 36 months - Tremendous income upside potential - Turn key building in Great Neighborhood - Too many upgrades to list w/ pride of ownership throughout - All units are individually metered for gas and electric - On-site laundry with App-based pay - One storage unit per apartment Ground Floor Commercial Space includes: - Infrastructure for food prep/food service - 3 Compartment Sink with Drain Boards and pre- rinse faucet + Prep Sink - Grease Trap - Floor Sink and Floor Drains - Hand washing sink and janitorial/mop Sink - Private restroom Video Tour: https://youtu.be/n9Qc2IMzt64

FOR SALE DETAILS

PRICE

$2,588,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

11

PRICE/UNIT

$235,273

CAP RATE

6.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed-Use Turnkey Apartments with Retail

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

SLI

APN/PARCEL ID

3757-049

ASK ABOUT THIS PROPERTY

Angelo OrciuoliAOK, LLCMore Info
650-761-7623

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Angelo OrciuoliAOK, LLCMore Info
650-761-7623

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.