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220 9th St
San Francisco, CA 94103
Multifamily Property For Sale · 68 Units

Investment Highlights

  • Well-designed housing redevelopment project ready for a seasoned developer to build
  • Proposed 6-story building with historic front facade preservation on 9th Street
  • Proposed 68 residential units consisting of 15 studios, 25 one-bedroom, 28 two-bedroom
  • Centrally located WSOMA industrial building on a 16,000 sf lot with dual street access
  • 50-foot frontage on 9th Street and 125-foot frontage on Dore Street (2-way street)
  • There is a ground-level bike parking for 74 spaces and a 2000-square-foot commercial retail space

Executive Summary

Huge price drop! Was asking $16.5m. Seller can work with a qualified buyer for a 1-2 year long close with a negotiable non-refundable deposit and carry a loan. Potential to increase the number of units if developed into low or affordable housing.
Centrally located in WSOMA, this building complex is poised for a transformative redevelopment. The project is ready after seven years of close collaboration between the owner, the architect, the general public, and various city departments. It is time for a seasoned developer to bring the project to fruition and build much-needed housing in the City of San Francisco. The planned redevelopment envisions a striking 6-story building that preserves the historic front facade on 9th Street, seamlessly blending past and future. The property features a front building on 9th Street with a 50-foot frontage, a rear building on Dore Street with a 125-foot frontage, and spans a 16,000 SF lot with dual street access. The redevelopment plan includes 68 residential units, ground-level bike parking for around 74 spaces, and a 2000-square-foot commercial retail space. The unit mix comprises 15 studios, 25 one-bedroom units, and 28 two-bedroom units, with a design that integrates open space to enhance living quality. This project honors the building’s heritage while embracing a bold new vision.

Property Facts

Price Per Unit $278,029 CAD
Sale Type Investment
Sale Condition Redevelopment Project
No. Units 68
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class A
Lot Size 0.37 AC
Construction Status Proposed
Building Size 68,000 SF
No. Stories 6
Year Built 2027
Zoning Rm2 - Multi-family

Amenities

Site Amenities

  • 24 Hour Access
  • Smoke Free
  • Storage Space

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 15 - -
1+1 25 - -
2+1 28 - -

Property Taxes

Property Taxes

Parcel Number
3518-002
Land Assessment
$16,654,065 CAD
Improvements Assessment
$0 CAD
Total Assessment
$16,654,065 CAD
  • Listing ID: 33370369

  • Date on Market: 2024-10-01

  • Last Updated:

  • Address: 220 9th St, San Francisco, CA 94103

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