201-205 9th Street

Property Highlights: SOLD
  • Ideal SoMa Location
  • Low Management
  • 33 Unit SRO
  • Long-Term, Iconic, Restaurant Tenant
  • Recent Updates and Renovations
  • Many Rooms With Downtown Views

What this property offers

Selling Price: $7,695,000
Size: +/- 11,180 Sq. Ft.
Building Size: 11,180 Square Feet
Projected NOI: $441,524
Cap Rate: 5.74%

Fully leased, 33 Room SRO, with recent updates and renovations, many rooms with city & downtown views plus the Iconic ASIA SF, a two-level restaurant/entertainment venue. Perfectly situated at the corner of 9th Street and Howard St, in the heart of SOMA, the birthplace of start-up culture, industrial arts and technology innovation. The bustling streets of SoMa are home to many global headquarters, world-renowned museums, theatres, and popular restaurants and bars. Close proximity to BART and public transportation. 100% leased. This is a unique opportunity for investors to acquire an asset with low management, a 5.74% In-Place cap rate, in a prime San Francisco location.

San Francisco’s South of Market neighborhood is an exciting and “evolving” area. SOMA is quickly becoming a “hotspot” for young professionals due to its closeness to the financial district. This neighborhood is now becoming redeveloped with stylistic lofts and renovated warehouse spaces becoming a creative office lease in San Francisco for entrepreneurs. It offers many unique cafes and restaurants for locals and tourists to try, and bars and restaurants for nightlife options. 1122 Howard Street is within walking distance to the bustling Mid-Market neighborhood with historic Civic Center, countless restaurants, venues, bars, and cafes always open and happy to receive the mid-week lunch crowd.

SOMA is also home to residential developments by some very notable architects, including 888 7th Street by David Baker, 1234 Howard by Stanley Saitowitz, and the conversion of Jackson Brewery by Siegel and Strain. The neighborhood enjoys some of the best weather in the city and is relatively flat, making it attractive for bicyclists. Easy access to the freeways and Bay Bridge keeps drivers happy too. If you’re looking for convenient transportation, either conventional or unconventional housing options, sunshine, and true urban living, take a look at SOMA.