449-451 9th St - Apartments FOR SALE


San Francisco, CA 94103
$2,688,000 USD
650-690-6317
449-451 9th St, San Francisco, CA for Sale
$2,688,000 USD
Apartments - FOR SALE
1/24
null | 6.36% Cap Rate

449-451 9th St
San Francisco, CA 94103


HIGHLIGHTS

  • Turn-Key Building
  • High Visibility/High Trafficked Mixed-Use Property
  • Anchored by a 500 SqFt commercial space
  • Tremendous Income Upside Potential
  • Located in the Heart of SoMa
  • Too many recent upgrades to list

OVERVIEW

NEWLY Remodeled 11 UNIT Mixed-Use Turn Key Apartment Building located at 449-451 9th Street with pride of ownership throughout. Anchored by a high vis/high traffic street retail 500 SqFt cafe/commercial space. 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. - Turnkey with completed soft story and fire alarm upgrades - Too many upgrades to list including a newly remodeled backyard and lobby - 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 w/ Drain Boards, Grease Trap, Mop Sink, Etc. - Private restroom (non ADA) Residents enjoy a great location half a block from Trader Joe's and Costco and a short distance from major retailers and employers such as Adobe, Twitter HQ, Discord, Air B&B, REI, Patreon, and Target. Plus Stellar walk, bike, and transit scores. **CAP RATE Pro Forma w/ 100% Occupancy Video Tour: https://youtu.be/n9Qc2IMzt64

FOR SALE DETAILS

PRICE

$2,688,000 USD

PRICE/SF

$564 USD /SF

# OF UNITS

11

PRICE/UNIT

$244,364

CAP RATE

6.36%

% LEASED

73%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed-Use Turn Key Apt Building with Retail

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, 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
650-690-6317

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Angelo OrciuoliAOK, LLCMore Info
650-690-6317

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