9 Grace Street, San Francisco, CA 94103, San Francisco, 94103 - 4 bed, bath
ACTIVE$1,675,000
9 Grace Street, San Francisco, CA 94103
4Beds
0Bath
4,919Sqft
2,833Lot
Year Built
1925
Close
-
List price
$1.68M
Original List price
-
Price/Sqft
$341
HOA
$0
Days on market
-
Sold On
-
MLS number
424064806
Home ConditionFair
Features
Deck
View-
About this home
We found 3 Cons,6 Pros.
9 Grace/12 Washburn is a 4,957 square foot building on a 2,833 square foot lot located in the Inner Mission/SOMA. It was built in 1923 with three residential units (one with a large mezzanine garden) plus one large garage that is currently rented out for storage on a month-to-month basis. The building runs through the block and has entrances on both 9 Grace and 12 Washburn. Great development potential thanks to its RED-MX (Residential Enclave-Mixed Use) Zoning. Ideal for Investors or Owner/Users with a small business who want to live on site with two extra income units. The property will be delivered vacant. Building has 400 amps/3 phase power. https://www.asteroommls.com/pviewer?hideleadgen=1&token=-urcCCgJLEKNK4Zpvz8fPA
Nearby schools
3/10
Tenderloin Community
Public,•K-5•0.5mi
7/10
Muir (John) Elementary School
Public,•K-5•0.8mi
7/10
Redding Elementary School
Public,•K-5•1.0mi
2/10
Sanchez Elementary School
Public,•K-5•1.2mi
5/10
Moscone (George R.) Elementary School
Public,•K-5•1.3mi
5/10
Daniel Webster Elementary School
Public,•K-5•1.4mi
/10
Chinese Education Center
Public,•K-5•1.5mi
6/10
San Francisco Public Montessori School
Public,•K-5•1.6mi
9/10
Chinese Immersion School At Deavila
Public,•K-5•1.7mi
1/10
Mission Education Center
Public,•K-5•2.5mi
2/10
Fairmount Elementary School
Public,•K-5•2.5mi
3/10
Carmichael (Bessie)/Fec
Public,•K-8•0.4mi
4/10
Everett Middle School
Public,•6-8•1.1mi
4/10
Buena Vista/ Horace Mann K-8
Public,•K-8•1.5mi
3/10
Lick (James) Middle School
Public,•6-8•2.0mi
6/10
Francisco Middle School
Public,•6-8•2.0mi
6/10
Rooftop Elementary School
Public,•K-8•2.1mi
6/10
Marina Middle School
Public,•6-8•2.2mi
9/10
Lilienthal (Claire) Elementary School
Public,•K-8•2.5mi
2/10
Revere (Paul) Elementary School
Public,•K-8•2.6mi
8/10
Yu (Alice Fong) Elementary School
Public,•K-8•3.2mi
3/10
San Francisco Community Alternative School
Public,•K-8•3.6mi
7/10
Hoover (Herbert) Middle School
Public,•6-8•3.7mi
9/10
Lawton Alternative Elementary School
Public,•K-8•4.3mi
2/10
Wells (Ida B.) High School
Public,•9-12•1.1mi
3/10
O'connell (John) High School
Public,•9-12•1.1mi
1/10
Downtown High School
Public,•9-12•1.2mi
3/10
Mission High School
Public,•9-12•1.2mi
2/10
S.F. International High School
Public,•9-12•1.4mi
7/10
Wallenberg (Raoul) Traditional High School
Public,•9-12•1.7mi
8/10
Galileo High School
Public,•9-12•2.0mi
6/10
Academy Of Arts And Sciences
Public,•9-12•2.8mi
9/10
Asawa (Ruth) San Francisco School Of The Arts, A Public School.
Public,•9-12•2.8mi
2/10
Marshall (Thurgood) High School
Public,•9-12•2.8mi
5/10
Burton (Phillip And Sala) Academic High School
Public,•9-12•3.8mi
2/10
Jordan (June) School For Equity
Public,•9-12•3.9mi
7/10
Balboa High School
Public,•9-12•3.9mi
7/10
Lincoln (Abraham) High School
Public,•9-12•4.1mi
7/10
Washington (George) High School
Public,•9-12•4.2mi
10/10
Lowell High School
Public,•9-12•4.8mi
Price History
Date
Event
Price
09/10/24
Price Change
$1,675,000
Condition Rating
Fair
Built in 1925, the property shows significant age. While the exterior appears maintained and the building offers robust electrical infrastructure, the interior images, particularly the kitchen, reveal outdated styles and features. The kitchen has older light wood cabinets, speckled countertops, and an older white range, suggesting its last renovation was likely 15-30 years ago. No modern updates are evident in the residential units, and the listing explicitly notes 'unspecified condition of residential units' implying potential substantial renovation costs. The property is functional but requires significant updates to meet current quality standards and appeal, especially in the kitchen and likely bathrooms (not pictured).
Pros & Cons
Pros
Great Schools: Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Flexible Mixed-Use Zoning: The RED-MX zoning offers significant development potential and versatility, allowing for a combination of residential and commercial uses, appealing to a broad range of investors and owner/users.
Multiple Income Streams: Comprising three residential units and a large garage currently rented for storage, the property provides immediate and diverse income-generating opportunities.
Delivered Vacant: The property being delivered vacant offers a rare opportunity for immediate owner occupancy, renovation, or re-tenanting at market rates without tenant relocation challenges.
Unique Dual Street Frontage: With entrances on both Grace and Washburn streets, the property benefits from enhanced accessibility, visibility, and potential for distinct operational zones.
Robust Electrical Infrastructure: Equipped with 400 amps/3 phase power, the building is well-suited for various commercial operations or high-demand residential setups, supporting its mixed-use potential.
Cons
Age of Building & Potential Capital Expenditures: Built in 1925, the property is likely to require significant investment for system upgrades (plumbing, electrical, HVAC) and structural maintenance to meet modern standards and maximize its potential.
Unspecified Condition of Residential Units: While delivered vacant, the current condition and level of modernization of the three residential units are not detailed, implying potential substantial renovation costs to attract premium tenants.
Limited Dedicated Residential Parking: The large garage is currently rented for storage, suggesting a lack of dedicated on-site parking for the residential units, which can be a significant drawback in a dense urban environment like San Francisco.