449 9th Street

Off Market

449 9th Street

San Francisco CA 94103

4765 sq. ft.

2500.34 sq. ft.

Other

Last sold for $2,135,000

Adam Carosso, last sold this property on 10 August 2026 after 398 days on market.

Overview

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 building is fully compliant with San Francisco's Fire Alarm Sleeping Room Ordinance including both a front and rear fire escape and is in compliance with the San Francisco Soft-Story ordinance. 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 7.11% cap rate with a projected pro forma cap rate of 10.83% and an impressive 7.03% 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.

Features

10 bedrooms

4765 sq. ft. floor area

2500.34 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 10 bedroom other properties sold in San Francisco over the last 12 months.

Property history for 449 9th Street

2026

Sold

$2,135,000

10 Aug 2026 by Adam Carosso, of Colliers International

2017

Sold

$1,925,000

04 Nov 2017 by Robert Altman, of Real Estate Unlimited

Happy sellers in San Francisco

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Local market activity for 10 bedroom other properties in San Francisco

Sold

For Sale

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Christian Buckley

at Vanguard Properties

(42 reviews)

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Andrea Horta

at Berkshire Hathaway HomeServices Drysdale Properties (San Francisco, 94115)

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James White

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Robert Gibson

at Vanguard Properties

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Nearby agents

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Christian Buckley

Sellers who recommend Christian Buckley have praised them for being local expert, clear communication, honest, reliable, supportive, and patient

5 (42 reviews)
1 Review in San Francisco
2 Sales in San Francisco

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Andrea Horta

Sellers who recommend Andrea Horta have praised them for being local expert, supportive, clear communication, friendly, responsive, dedicated, and empathetic