449 9th Street, San Francisco, CA 94103
Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
449 9th Street,San Francisco, CA 94103
$2,388,000
- 10 Beds
- - Baths
- 4,765 sq. ft.
- Multi-family
- Active
Listed by: adam carosso, brad lagomarsino
Office: colliers international
MLS#:425055414
Source:CABCREIS
Price summary
- Price:$2,388,000
- Price per sq. ft.:$501.15
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 42% rental upside. Current rents are notably below market, and the building offers a 6.75% cap rate with a projected pro forma cap rate of 10.29% and an impressive 6.14% cash-on-cash return. With a high-demand unit mix, strong in-place income, and location within walking distance of major transit options, tech shuttles, and downtown amenities, 449-451 9th Street delivers immediate cash flow with meaningful potential for future growth in one of San Francisco's most active rental submarkets....
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Home facts
- Year built:1914
- Listing ID #:425055414
- Added:264 day(s) ago
- Updated:March 29, 2026 at 02:53 PM
Rooms and interior
- Bedrooms:10
- Rooms Total:22
- Flooring:Carpet, Concrete, Wood
- Kitchen Description:Free-Standing Gas Oven
- Living area:4,765 sq. ft.
Structure and exterior
- Year built:1914
- Building area:4,765 sq. ft.
- Lot area:0.06 Acres
- Lot Features:Sidewalk
- Levels:2 Story
Finances and disclosures
- Price:$2,388,000
- Price per sq. ft.:$501.15
Features and amenities
- Appliances:Free-Standing Gas Oven
- Laundry features:Common Area
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