Multifamily Property with
For Sale
$1,998,000
Pending
1370 20th Ave, San Francisco, CA 94122
Middle and upper residences include sunrooms, updated kitchens, fireplaces, and in-unit laundry.
Property Size3,486 SF
Days on Market72
Property Features for 1370 20th Ave
General Information
Standard status
Pending
Size
3,486 SF
Total Parking Spaces
2
Elevators
No
Property subtype
Residential Income
Site & Location
Highway Access
No
Road Access
No
Public Transit
No
Additional Details
Furnished
No
Opportunity Zone
No
Sprinkler System
No
Amenities
in-unit washer/dryer
updated kitchens
formal dining rooms
fireplaces
double-pane windows
garage
oversized sunroom
Building Details
Buildings
1
Abandoned
No
Listing Agency:
MaxReal
(650) 642-5548
Listed By:
Hung K. Kwok
(650) 642-5548
Source:
Exprealty
Added: Jun 3
Changed: Aug 10
Last Checked: Aug 12 at 11:16AM
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 MaxReal
Investment Insights
Based on property information with market context.
This 3,486-square-foot multifamily property includes middle and upper residences with two bedrooms plus oversized sunrooms. Each features 2.5 updated baths, a primary bedroom, an updated kitchen, formal dining room, fireplace, double-pane windows, and in-unit washer and dryer. A side-by-side garage serves the building, with a permitted vacant area behind it containing two bedrooms and one family room that may support ADU use.
The property is in Central Sunset near transportation, shopping, dining, and Golden Gate Park. Its residential configuration includes updated interior features, garage parking, and additional permitted space that provides flexibility for an owner-user or income-producing strategy.
The property is in Central Sunset near transportation, shopping, dining, and Golden Gate Park. Its residential configuration includes updated interior features, garage parking, and additional permitted space that provides flexibility for an owner-user or income-producing strategy.
Key Highlights
- 3,486‑square‑foot multifamily property in Central Sunset
- Middle and upper residences each offer 2 bedrooms plus an oversized sunroom
- Each residence includes 2.5 updated baths, a primary bedroom, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$105,204
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,104,080
$2.1M
Cap Rate 7%
$1,502,914
$1.5M
Cap Rate 9%
$1,168,933
$1.2M
Market Conditions
NOI Build-Up for 3,486 SF
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.
Gross rent
$204.1K $58.56/SF
− Vacancy
−$12.9K −$3.69/SF
EGI
$191.3K $54.87/SF
− OpEx
−$86.1K −$24.69/SF
NOI
$105.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,104,080
Cap Rate 7%
$1,502,914
Cap Rate 9%
$1,168,933
Alternative Uses
Best Use
Apartment 5plus
$1.50M
$1.32M – $1.75M
NOI $105,204 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.67M
$1.46M – $1.95M
NOI $117,008 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,208
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
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Middle and upper residences include sunrooms, updated kitchens, fireplaces, and in-unit laundry.
Where is this multifamily property located?
The property is located at 1370 20th Ave San Francisco, CA.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: 3,486‑square‑foot multifamily property in Central Sunset; Middle and upper residences each offer 2 bedrooms plus an oversized sunroom; Each residence includes 2.5 updated baths, a primary bedroom, and in‑unit laundry
