Property Details
About this Property
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.
MLS Listing Information
MLS #
SF425055414
MLS Source
San Francisco Association of Realtors® MLS
Days on Site
10
Interior Features
Appliances
Oven - Gas
Flooring
Carpet, Concrete, Wood
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 11 | 11 | 11 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
449 9th St is a Residential Income in San Francisco, CA 94103. This 4,765 square foot property sits on a 2,500 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,588,000 and was built in 1914. This address can also be written as 449 9th St, San Francisco, CA 94103.
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This listing information is up-to-date as of July 08, 2025. For the most current information, please contact Brad Lagomarsino, (415) 786-5246
