77-83 9th St - Apartments FOR SALE


San Francisco, CA 94103- SoMa
$9,995,000 USD
650-761-7837
77-83 9th St, San Francisco, CA for Sale
$9,995,000 USD
Apartments - FOR SALE
1/33
null | 5.8% Cap Rate

77-83 9th St
San Francisco, CA 94103
SoMa


HIGHLIGHTS

  • DESPERATE/MUST SELL!!! $178K Per Unit - 5.8%-8% CAP - REDUCED $505K - Long term commercial leases in place!
  • 77-83 9th Street is a fully occupied investment opportunity in San Francisco's SoMa neighborhood, offering stable income and long-term upside.
  • Residents enjoy walkable access to BART, MUNI, Caltrain, tech shuttles, and major freeways, providing easy connectivity throughout the Bay Area.
  • Renovated six-story mixed-use asset featuring 44 studios, 10 one (1)-bedrooms, two leased retail spaces, and no deferred maintenance.
  • SoMa continues to attract residents seeking urban living, access to employment, and a vibrant mix of cultural and lifestyle amenities.
  • Positioned between Mission and Market Streets, sitting near major tech employers, Union Square, Civic Center, entertainment, and everyday needs.

OVERVIEW

77-83 9th Street presents a rare opportunity to acquire a fully occupied, income-producing mixed-use asset in the heart of San Francisco's vibrant SoMa neighborhood. This six-story concrete-and-steel building combines historic character with modern upgrades, offering investors stable cash flow today and significant upside potential from future rent growth and operational optimization. Originally constructed in 1912 and extensively renovated in 2012 and 2024, the property features 44 studio apartments and 10 one-bedroom units, all equipped with private kitchens and bathrooms. The 22,670-square-foot building also includes two fully leased ground-floor commercial spaces, a shared laundry facility, and a basement with potential for additional storage income. Many residential units have been updated with hardwood flooring, quartz countertops, tile backsplashes, and abundant natural light. The property benefits from professional management, video surveillance throughout, and no known deferred maintenance, creating a true turnkey investment. Situated between Mission and Market Streets, directly across from the former Twitter headquarters, the property occupies a strategic position within one of San Francisco's most dynamic urban districts. Residents enjoy immediate access to major tech employers, Union Square, the Financial District, Civic Center, and a wide variety of restaurants, nightlife destinations, cultural attractions, and neighborhood services. SoMa continues to benefit from ongoing revitalization efforts and infrastructure investments that support long-term growth and demand. The property is exceptionally well-connected, offering easy access to BART, MUNI, Caltrain, major freeways, and the Bay Area's extensive public transportation network. Numerous employer shuttle services serving companies such as Google, Apple, Meta, and Genentech are also accessible nearby. The surrounding neighborhood is highly walkable and bike-friendly, with parks, retail amenities, dining options, and everyday conveniences all within proximity, making it an attractive location for a broad renter base. SoMa remains one of San Francisco's most active rental submarkets, drawing residents seeking proximity to employment centers, transit, entertainment, and urban amenities. The neighborhood's diverse population, strong employment base, and concentration of technology and innovation companies continue to support housing demand. Combined with nearby shopping, dining, healthcare facilities, and cultural attractions, the property's location offers lasting appeal to both current and future tenants. 77-83 9th Street offers a compelling blend of stable in-place income and value-add potential. Current rents remain below market levels, creating an estimated 25% rental upside, while the property's strong occupancy and desirable unit mix provide immediate cash flow. With a reported 5.0% cap rate and a projected 7.5% pro forma cap rate, the asset is well-positioned for both cash-flow-focused investors and buyers seeking to increase NOI through residential turnover, commercial lease optimization, and additional revenue opportunities. This is a rare chance to acquire a well-located, institutional-quality asset in one of San Francisco's most connected and resilient neighborhoods.

FOR SALE DETAILS

PRICE

$9,995,000 USD

PRICE/SF

$441 USD /SF

# OF UNITS

56

PRICE/UNIT

$178,482

CAP RATE

5.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DESPERATE/MUST SELL-178K PER UNIT-5.8%-8% CAP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,027 SF

ZONING

C3G

APN/PARCEL ID

3701-023

ASK ABOUT THIS PROPERTY

Frederick LewisAmerican Liberty InvestmentsMore Info
650-761-7837

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Frederick LewisAmerican Liberty InvestmentsMore Info
650-761-7837

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.