8-Unit Apartment
For Sale
$1,900,000
Pending
1311 48th Avenue, San Francisco, CA 94122
The property combines one-bedroom residences with on-site parking in San Francisco’s Outer Sunset neighborhood.
Property Size4,542 SF
Days on Market55
Property Features for 1311 48th Avenue
General Information
Standard status
Pending
Size
4,542 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Site & Location
Neighborhood
Sunset/Parkside
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Readdress
(415) 275-0229
Source:
Readdress
Added: Sep 13
Changed: Nov 5
Last Checked: Nov 4 at 1:34PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1960, this 4,542-square-foot apartment property contains eight 1-bedroom/1-bathroom units and eight parking spaces. Seven units are occupied, while Unit #2 is scheduled to be delivered vacant at the close of escrow. Parking utilization includes five spaces rented by building tenants and two leased to neighborhood residents.
The property is located at 1311 48th Avenue in San Francisco’s Outer Sunset, providing an established apartment configuration with supplemental parking leases. The combination of unit occupancy, a vacant unit at closing, and separate parking arrangements creates a clearly defined operating profile for review.
The property is located at 1311 48th Avenue in San Francisco’s Outer Sunset, providing an established apartment configuration with supplemental parking leases. The combination of unit occupancy, a vacant unit at closing, and separate parking arrangements creates a clearly defined operating profile for review.
Key Highlights
- Eight 1‑bedroom/1‑bathroom apartment units
- 4,542‑square‑foot building constructed in 1960
- Eight parking spaces included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,073
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,741,460
$2.7M
Cap Rate 7%
$1,958,186
$2.0M
Cap Rate 9%
$1,523,033
$1.5M
Market Conditions
NOI Build-Up for 4,542 SF
Gross rent
$266.0K $58.56/SF
− Vacancy
−$16.8K −$3.69/SF
EGI
$249.2K $54.87/SF
− OpEx
−$112.2K −$24.69/SF
NOI
$137.1K $30.18/SF
Area
ZIP 94122
Vacancy
6.30%
Lease Rate
$58.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,741,460
Cap Rate 7%
$1,958,186
Cap Rate 9%
$1,523,033
Alternative Uses
Best Use
Apartment 5plus
$1.96M
$1.71M – $2.28M
NOI $137,073 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.18M
$1.91M – $2.54M
NOI $152,453 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
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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
$1,507,100
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in San Francisco, CA
Properties on Market for Apartment buildings in San Francisco
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property combines one-bedroom residences with on-site parking in San Francisco’s Outer Sunset neighborhood.
Where is this apartment building located?
The property is located at 1311 48th Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Eight 1‑bedroom/1‑bathroom apartment units; 4,542‑square‑foot building constructed in 1960; Eight parking spaces included
