Corner-Lot
For Sale
$1,498,888
150-152 Onondaga Avenue San, San Francisco, CA 94112
Two-unit layout supports owner occupancy alongside rental income.
Property Size2,320 SF
Days on Market178
Property Features for 150-152 Onondaga Avenue San
General Information
Standard status
Active
Size
2,320 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Building Size
2,320 SF
Year Built
1915
Listing Agency:
Realty World Bay Area Real Estate
(650) 355-2121
Listed By:
Marlon Austria
Source:
Kw
Added: Mar 5
Changed: Aug 29
Last Checked: Aug 29 at 11:31PM
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 Realty World Bay Area Real Estate
Investment Insights
Based on property information with market context.
Located at 150-152 Onondaga Avenue, this 2-unit duplex sits on a corner lot and dates to 1915. The configuration supports an owner occupant in Unit 1 while Unit 2 is used for income-producing occupancy, offering flexibility for an owner-user seeking an adjacent rental component.
The property is steps from Balboa High School and minutes from City College of San Francisco, Lick Wilmerding High School, Balboa Swimming Pool, and Balboa BART. Major thoroughfares and the Mission Street corridor, with its shops and restaurants, are also nearby.
The property is steps from Balboa High School and minutes from City College of San Francisco, Lick Wilmerding High School, Balboa Swimming Pool, and Balboa BART. Major thoroughfares and the Mission Street corridor, with its shops and restaurants, are also nearby.
Key Highlights
- 2‑unit duplex on a corner lot
- Built in 1915
- Unit 1 supports owner occupancy while Unit 2 provides income‑producing use
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
$93,445
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
6.23%
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%
$1,868,900
$1.9M
Cap Rate 7%
$1,334,929
$1.3M
Cap Rate 9%
$1,038,278
$1.0M
Market Conditions
NOI Build-Up for 2,320 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
$142.0K $61.20/SF
− Vacancy
−$8.5K −$3.66/SF
EGI
$133.5K $57.54/SF
− OpEx
−$40.0K −$17.26/SF
NOI
$93.4K $40.28/SF
Area
ZIP 94112
Vacancy
5.98%
Lease Rate
$61.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,868,900
Cap Rate 7%
$1,334,929
Cap Rate 9%
$1,038,278
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.17M – $1.56M
NOI $93,445 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,649 @ 7.0% cap · market cap 5.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,943
Businesses Nearby
Explore this area
Business Placement
Demographics for 94112, CA
79,314
Population
24,530
Households
3.2
Avg Household Size
42
Median Age
36%
College-Educated
80%
High-School Grad
3.3 sq mi
ZIP Area
24,035
Density / Sq Mi
$130,906
Median Household Income
$55,744
Median Earnings
$2,326
Median Rent
$1,159,600
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?
Duplex - Two-unit layout supports owner occupancy alongside rental income.
Where is this duplex located?
The property is located at 150-152 Onondaga Avenue San San Francisco, CA.
What is the asking price?
The asking price for this property is $1,498,888.
What are key features of this property?
This property features: 2‑unit duplex on a corner lot; Built in 1915; Unit 1 supports owner occupancy while Unit 2 provides income‑producing use
