Duplex with Renovated
1246 Shafter Avenue, San Francisco, CA 94124
For Sale
$998,000
Separate gas, electric, and water meters serve the two residences.
Property Size1,680 SF
Price / SF$594.05
Days on Market11
Property Features for 1246 Shafter Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Century 21 Baldini Realty
Listed By:
Jaime E Peraza · License #1479258
(650) 892-4556
Source:
Cityrealestatesf
Added: Oct 28
Changed: Nov 7
Last Checked: Nov 6 at 5:39PM
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 Century 21 Baldini Realty
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Investment Insights
Based on property information with market context.
This two-unit duplex was built in 1907. The vacant Unit B has three bedrooms and two bathrooms, with high ceilings, new flooring and windows, and a new kitchen fitted with stainless steel appliances. A new washer and dryer are also included. Unit B has exclusive use of a two-car tandem garage with storage.
Unit A is an upper-level residence with two bedrooms and one bathroom. It is occupied by a long-term single tenant; San Francisco tenant rights apply. Separate gas, electric, and water meters serve the property.
Unit A is an upper-level residence with two bedrooms and one bathroom. It is occupied by a long-term single tenant; San Francisco tenant rights apply. Separate gas, electric, and water meters serve the property.
Key Highlights
- Two‑unit duplex built in 1907
- Vacant Unit B offers 3 bedrooms and 2 bathrooms
- Unit B features new flooring, windows, kitchen, stainless steel appliances, washer, and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,706
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,194,120
$1.2M
Cap Rate 7%
$852,943
$852.9K
Cap Rate 9%
$663,400
$663.4K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$90.7K $54.00/SF
− Vacancy
−$5.4K −$3.23/SF
EGI
$85.3K $50.77/SF
− OpEx
−$25.6K −$15.23/SF
NOI
$59.7K $35.54/SF
Area
San Francisco, CA
Vacancy
5.98%
Lease Rate
$54.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,194,120
Cap Rate 7%
$852,943
Cap Rate 9%
$663,400
Alternative Uses
Best Use
Multifamily LT 5
$852.9K
$746.3K – $995.1K
NOI $59,706 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$779.2K
$681.8K – $909.1K
NOI $54,545 @ 7.0% cap · market cap 5.47%
Theoretical Best
Specialty Retail
$8.21M
$7.18M – $9.57M
NOI $574,428 @ 7.0% cap · market cap 57.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,571
Businesses Nearby
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Business Placement
Demographics for 94124, CA
39,445
Population
11,780
Households
3.3
Avg Household Size
37
Median Age
27%
College-Educated
75%
High-School Grad
4.8 sq mi
ZIP Area
8,218
Density / Sq Mi
$82,928
Median Household Income
$42,683
Median Earnings
$1,368
Median Rent
$1,043,200
Median Home Value
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Market
Average Price Trend$/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 - Separate gas, electric, and water meters serve the two residences.
Where is this duplex located?
The property is located at 1246 Shafter Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1907; Vacant Unit B offers 3 bedrooms and 2 bathrooms; Unit B features new flooring, windows, kitchen, stainless steel appliances, washer, and dryer
