7783 9th Street, San Francisco, CA 94103
- $9,995,000
- List Price
- $9,995,000
- Status
- ACTIVE
- MLS#
- ML82063776
- Year Built
- 1912
- Lot Size
- 5,027
- Acres
- 0.12
- Days on Market
- 1
- Property Type
- Commercial
Property Description
54 apartments plus 2 ground-floor commercial storefronts in a six-story building, built in 1912: 44 studios and 10 one-bedroom/one-bath units in about 22,670 SF on a 5,025 SF lot. Mixed-use investment between Market and Mission in the heart of SoMa / Mid-Market, with all units and storefronts leased per the rent roll. Renovated in 2012 and 2024, with many units updated with hardwood floors, quartz counters and tile backsplashes. On-site laundry, a full basement with potential for storage income, a central boiler and building-wide video surveillance. Market residential rents run about 26% above in-place rents, a clear path to more income as units turn over. One block to Market Street and about 0.2 miles to Civic Center BART/Muni, close to City Hall, Union Square, Mid-Market employers and freeway access. 5.59% current cap; 6.45% pro forma cap at market rents.
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Additional Information
- Taxes
- $120,750
- Cooling
- Yes
- Roof
- Other
- Water
- Other
- School District
- San Francisco Unified
- Attached Structure
- Detached
- Gross Scheduled Income
- $925,294
- School District
- San Francisco Unified
Listing courtesy of Listing Agent: Alina Siert (alina@siertgroup.com) from Listing Office: KW Advisors.
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