Duplex with Updated Upper
1226-1228 48th Avenue, San Francisco, CA 94122
For Sale
$1,299,000
The upper residence is vacant and updated, while the lower home is tenant-occupied.
Property Size2,563 SF
Price / SF$506.83
Days on Market74
Property Features for 1226-1228 48th Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
Low-Flow Toilet(s)
Yard Space
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Creative Investments Corp.
Listed By:
Raymond Szeto
(415) 986-2030
Source:
Ayalarealty
Added: Aug 28
Changed: Nov 8
Last Checked: Nov 8 at 8:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Creative Investments Corp.
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Investment Insights
Based on property information with market context.
Built in 1938, this duplex contains two residences with distinct layouts and occupancy. The upper home has two bedrooms and one bathroom, with recent improvements that include new bedroom flooring. Both bedrooms provide access to the backyard. The lower residence offers three bedrooms and two bathrooms and is currently occupied by a tenant.
The property is one block from the Great Highway, nearby transportation lines, the N Judah line, and an oceanfront park. The surrounding area includes beach access, coastal trails, golf courses, and playgrounds.
The property is one block from the Great Highway, nearby transportation lines, the N Judah line, and an oceanfront park. The surrounding area includes beach access, coastal trails, golf courses, and playgrounds.
Key Highlights
- Two‑residence duplex built in 1938
- Upper residence: 2BD/1BA, vacant, with new bedroom flooring
- Backyard access from both bedrooms in the upper residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,027
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,720,540
$1.7M
Cap Rate 7%
$1,228,957
$1.2M
Cap Rate 9%
$955,856
$955.9K
Market Conditions
NOI Build-Up for 2,563 SF
Gross rent
$130.7K $51.00/SF
− Vacancy
−$7.8K −$3.05/SF
EGI
$122.9K $47.95/SF
− OpEx
−$36.9K −$14.39/SF
NOI
$86.0K $33.57/SF
Area
ZIP 94122
Vacancy
5.98%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,720,540
Cap Rate 7%
$1,228,957
Cap Rate 9%
$955,856
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.08M – $1.43M
NOI $86,027 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$1.10M
$966.9K – $1.29M
NOI $77,349 @ 7.0% cap · market cap 5.95%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Explore this area
Business Placement
Demographics for 94122, CA
57,160
Population
24,155
Households
2.4
Avg Household Size
39
Median Age
63%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
17,321
Density / Sq Mi
$145,717
Median Household Income
$80,501
Median Earnings
$2,720
Median Rent
$1,507,100
Median Home Value
Market
Average Price Trend$/SF for Duplexes in San Francisco, CA
Properties on Market for Duplexes in San Francisco
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The upper residence is vacant and updated, while the lower home is tenant-occupied.
Where is this duplex located?
The property is located at 1226-1228 48th Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two‑residence duplex built in 1938; Upper residence: 2BD/1BA, vacant, with new bedroom flooring; Backyard access from both bedrooms in the upper residence
