Mixed-Use Turn Key Apt Building with Retail | 449-451 9th St
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Mixed-Use Turn Key Apt Building with Retail 449-451 9th St
11 Unit Apartment Building $2,688,000 ($244,364/Unit) 6.36% Cap Rate San Francisco, CA 94103
Investment Highlights
- Turn-Key Building
- Anchored by a 500 SqFt commercial space
- Located in the Heart of SoMa
- High Visibility/High Trafficked Mixed-Use Property
- Tremendous Income Upside Potential
- Too many recent upgrades to list
Executive Summary
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
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
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Storage Space
- Heating
- Bay Window
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Smoke Free
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Security System
- Gas Range
- Vintage Building
- Storage Space
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $2,045 | 350 |
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (98)
Bike Score ®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 3757-049 | Improvements Assessment | $842,106 |
| Land Assessment | $1,263,160 | Total Assessment | $2,105,444 |
PROPERTY TAXES
Parcel Number
3757-049
Land Assessment
$1,263,160
Improvements Assessment
$842,106
Total Assessment
$2,105,444
zoning
| Zoning Code | SLI (Service Light Industrial) |
| SLI (Service Light Industrial) |
-
Angelo Orciuoli -
Jacob Behning
-
AOK, LLC
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Mixed-Use Turn Key Apt Building with Retail | 449-451 9th St
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