Mixed-Use Turnkey Apartments with Retail 449 & 451 9th St 11 Unit Apartment Building $3,589,039 CAD ($326,276 CAD/Unit) 6.61% Cap Rate San Francisco, CA 94103
Virtual Tour
INVESTMENT HIGHLIGHTS
- Only $235K Per Unit!
- Turn-Key Building w/ pride of ownership throughout
- Great Neighborhood
- Tremendous Income Upside Potential
- Zero delinquincy throughout COVID
- Too many recent upgrades to list (No Excuses, No Stories)
EXECUTIVE SUMMARY
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
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
SALE FLYER
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | $2,836 CAD | 350 |
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (98)
Bike Score®
Biker's Paradise (99)
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Kevin Hsu Studios | - | - | 3 min walk |
| Henry's Hunan | Chinese | $ | 4 min walk |
| Kama Sushi Soma | Japanese | $$$ | 4 min walk |
RETAIL |
||
|---|---|---|
| Tempo | Supermarket | 3 min walk |
| Cole's Hardware | Hardware | 3 min walk |
| Trader Joe's | Supermarket | 5 min walk |
| Costco Wholesale | Wholesale Club | 5 min walk |
| FedEx Office | Business/Copy/Postal Services | 6 min walk |
| Kelly Paper | Office Supply | 8 min walk |
| Club Pilates | Fitness | 8 min walk |
| Best Buy | Consumer Electronics | 9 min walk |
| Porcelanosa | Other Retail | 9 min walk |
| REI | Sporting Goods | 8 min walk |
HOTELS |
|
|---|---|
| Ascend Collection |
33 rooms
2 min drive
|
| Signature Inn |
36 rooms
2 min drive
|
| Trademark Collection by Wyndham |
16 rooms
4 min drive
|
| St. Regis |
260 rooms
4 min drive
|
| Holiday Inn Express |
59 rooms
5 min drive
|
| Hilton |
1,024 rooms
5 min drive
|
| Courtyard |
157 rooms
5 min drive
|
PROPERTY TAXES
| Parcel Number | 3757-049 | Improvements Assessment | $1,206,182 CAD |
| Land Assessment | $1,809,275 CAD | Total Assessment | $3,015,712 CAD |
ZONING
| Zoning Code | SLI |
