Inner Sunset Mixed-Use
For Sale
$2,299,000
1377-1379 9TH Avenue, San Francisco, CA 94122
Four-unit mixed-use property in San Francisco's Inner Sunset District.
Property Size4,881 SF
Days on Market184
Property Features for 1377-1379 9TH Avenue
General Information
Standard status
Active
Size
4,881 SF
Property subtype
Comm Ind For Sale
Building Details
Building Size
4,881 SF
Year Built
1907
Listing Agency:
Intero Real Estate Services
Listed By:
Elizabeth Nguyen · License #01403644
(650) 255-4649
Source:
Realestatenovo
Added: Mar 9
Changed: Sep 5
Last Checked: Sep 7 at 6:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Intero Real Estate Services
Investment Insights
Based on property information with market context.
Located in San Francisco's Inner Sunset District, this mixed-use property presents an investment opportunity. The property features three residential units and a vacant ground-floor commercial space. The front building includes a commercial storefront with two residential units above, each containing two bedrooms and one bathroom. The back building houses a single unit with two bedrooms and two bathrooms. Additionally, there is a vacant non-conforming studio located at the back of the front building. All units are in good condition, and the roof has been recently serviced. Situated on 9th Avenue, the location benefits from consistent foot traffic from locals, professionals, and visitors. The property is surrounded by established businesses, retail stores, supermarkets, restaurants, and banks. Its location offers proximity to UCSF, Golden Gate Park, the Japanese Tea Garden, and museums. Public transportation options include MUNI. Downtown San Francisco, San Francisco International Airport, and the Golden Gate Bridge are within minutes, with easy access to 19th Avenue and freeways 101 and 280. The bike score is 53, indicating it is bikeable, the walk score is 81, indicating it is very walkable, and the transit score is 59, indicating good transit.
Key Highlights
- Prime Inner Sunset location in a high‑demand, rapidly appreciating San Francisco neighborhood.
- Strong income potential with three existing residential rental units and a large vacant commercial space.
- Includes a vacant non‑conforming studio, offering additional income potential.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$163,831
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,276,620
$3.3M
Cap Rate 7%
$2,340,443
$2.3M
Cap Rate 9%
$1,820,344
$1.8M
Market Conditions
NOI Build-Up for 4,881 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$248.9K $51.00/SF
− Vacancy
−$14.9K −$3.05/SF
EGI
$234.0K $47.95/SF
− OpEx
−$70.2K −$14.39/SF
NOI
$163.8K $33.57/SF
Area
ZIP 94122
Vacancy
5.98%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,276,620
Cap Rate 7%
$2,340,443
Cap Rate 9%
$1,820,344
Alternative Uses
Best Use
Multifamily LT 5
$2.34M
$2.05M – $2.73M
NOI $163,831 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$2.10M
$1.84M – $2.46M
NOI $147,303 @ 7.0% cap · market cap 6.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,236
Businesses Nearby
Explore this area
Business Placement
Demographics for 94122, CA
57,160
Population
24,155
Households
2.4
Avg Household Size
39
Median Age
63%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
17,321
Density / Sq Mi
$145,717
Median Household Income
$80,501
Median Earnings
$2,720
Median Rent
$1,507,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-unit mixed-use property in San Francisco's Inner Sunset District.
Where is this mixed-use property located?
The property is located at 1377-1379 9TH Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $2,299,000.
What are key features of this property?
This property features: Prime Inner Sunset location in a high‑demand, rapidly appreciating San Francisco neighborhood.; Strong income potential with three existing residential rental units and a large vacant commercial space.; Includes a vacant non‑conforming studio, offering additional income potential.
