616-618 Masonic AVE San Francisco, CA 94117
MULTI_FAMILY - SAN FRANCISCO, CA
Property Features for 616-618 Masonic AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RH2
- Bedrooms
- 5
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 5
- Parking features
- Garage - Attached
- Standard status
- Active
- Size
- 3,965 SF
- Lot size
- 0.06 Acres
Utilities
- Heating system
- Central, Forced Air
- Water source
- Public
Building Details
- Year built
- 1919
- Number of units
- 2
Listing agent Michael Dhanuwidjaja License #02164781 (650) 766-1462
Listing office eXp Realty of California Inc 2603 Camino Ramon Suite 200, San Ramon, CA 8885849427x119
Listing date Jun 22, 2026
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The address is located in San Francisco, CA 94117, and the surrounding area is described as being near the University of San Francisco and the Panhandle. Public transportation and neighborhood retail and dining are also cited in the remarks, along with proximity to Panhandle Park.
For investors, the unit mix provides an opportunity to pursue shorter-cycle execution with an already income-generating unit while simultaneously marketing the vacant three-bedroom for new tenancy. For owner-occupants or operators looking to live in one unit and rent the other, the availability of a three-bedroom unit can broaden tenant options. The remarks also note that the property may offer expansion potential within the existing building envelope, which the buyer would need to verify.
Key Highlights
- Two‑unit property at 616‑618 Masonic Avenue with central forced air heating and attached garage parking
- Unit mix includes a 2‑bedroom, 1‑bath unit currently generating income and a vacant 3‑bedroom, 1.5‑bath unit
- Year built: 1919
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $214.1k | $54.00 |
| − Vacancy | −$12.8k | −$3.23 |
| EGI | $201.3k | $50.77 |
| − OpEx | −$60.4k | −$15.23 |
| NOI | $140.9k | $35.54 |
