9 Grace StSan Francisco, CA 94103

  • Mixed-use properties
  • 4,987 SF
For Sale
$1,950,000 View listing

Property Details for 9 Grace St

Year built
1925
Construction
WOOD
Lot size
0.07 AC
Property size (Sq ft)
4,987 SF
Zone code
SLR
Property type
Mixed-use properties
Property subtype
Retail residential properties
APN
3509 -021
APU
3509021

Description

This exceptional mixed-use property, located at 9 Grace St, San Francisco, CA 94103, presents a compelling investment opportunity. The 4,919 square foot building, constructed in 1925 and renovated in 1992, features four units and sits on a 2,833 square foot lot (APN 3509-023). Its permitted SLR zoning allows for versatile development options. The building's industrial and multifamily nature provides flexibility for various uses. Currently, the building has 50% occupancy. The property benefits from a desirable location in San Francisco's SOMA district, offering convenient access to amenities and transportation. The building's features include secure parking. This is an owner/user investment opportunity with significant potential for return in the thriving San Francisco real estate market. The property's historical character, combined with its modern updates and flexible zoning, makes it an attractive investment for both seasoned and new investors. The building's unique features include double frontages with zero lot line and a mezzanine garden offering city views.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,657,891
    6.5%
    $1,530,361
    7%
    $1,421,049
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,471,353
    Geo Method
    $2,155,932
  • Alternative Use

    Use
    Valuation
    Residential
    $1,530,361
    Hospitality
    $1,401,802
    Educational
    $1,166,283
    Medical
    $1,206,393
    Retail
    $1,814,218
9 Grace St, San Francisco, California
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Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.7754
Longitude
-122.415
CBSA code
41860
CBSA name
SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$11,153
$367,946
$452,579
$820,525
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